308: Matt Ridley On Rationalism & Innovation In The Current Environment

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 4 June 2020

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt Ridley is a British journalist and businessman. He is best known for his writings on science, the environment, and economics, including The Rational Optimist and his new book, How Innovation Works And Why It Flourishes In Freedom. In this conversation, we discuss how prosperity evolves, why optimism is important, the difference between innovation and invention, how innovation is bottoms up, why China has been so innovative, and the future of stateless innovation. =============================== BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. They do loans ranging from $2,000 to $10,000,000, and they're perfect for helping you reach your financial goals of all sizes. Visit BlockFi.com/Pomp to learn more about putting your crypto to work without having to sell it. https://www.blockfi.com/pomp =============================== Our second sponsor is choice, a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/podcast?kid=19DN5C =============================== Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at pompletter.com

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp podcast, simply the best podcast out there. Let's kick this thing off.
0:11.3	Matt Ridley is a British journalist and businessman. He is best known for his writings on science, the environment, and economics, including the rational optimist and his new book,
0:21.8	How Innovation Works and Why It Flourishes in Freedom. In this conversation, we discuss how
0:27.3	prosperity evolves, why optimism is important, the difference between innovation and invention,
0:33.6	how innovation is bottoms up, why China has been so innovative, and the future of stateless innovation.
0:39.9	I really enjoyed this conversation with Matt, and I hope you guys do as well.
0:43.9	Before we get into this episode, though, I want to quickly talk about our sponsors.
0:47.7	The first is BlockFi.
0:49.3	They've got three products.
0:50.6	I'm a huge fan of.
0:51.9	The first is you can deposit crypto and receive a U.S. dollar loan.
0:55.7	You can buy and sell crypto on their new crypto exchange, or you can deposit crypto and earn up to
1:01.6	8.6% APY in their interest-bearing account. I personally am an investor and a happy user.
1:08.4	earning up to 8.6% APY is an unheard of interest rate.
1:13.4	Head on over to blockfi.com slash pomp, and you can learn more.
1:17.5	Again, blockfi.com slash pomp.
1:20.3	Our second sponsor is Choice, a new self-directed IRA product that I'm really excited about.
1:26.2	If you're listening to this, you're likely
1:27.6	part of the 7.1 million Bitcoin owners who have retirement accounts with dollars in them, but not
1:32.4	Bitcoin. I was in that situation too. But now you can actually buy real Bitcoin in your
1:38.2	retirement account. I'm talking about owning your private keys and using tax advantage dollars
1:43.1	to do it too absolute game
	...

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