377: I Sold An Apartment Building, MMT In Today's Economy with Dr. Randall Wray
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 27 December 2021
⏱️ 46 minutes
🧾️ Download transcript
Summary
I sold an eight plex apartment building for $789,000 last week. Learn lessons from my sale.
Dr. Randall Wray joins us to discuss where our economy is headed. He tells us about inflation, taxes, interest rates, and supply chain disruption dynamics.
Is Modern Monetary Theory (MMT) a utopia or disaster?
Taxes remove currency from the economy. This reduces inflation.
What about Universal Basic Income (UBI)? This basically means writing regular monthly checks to every citizen. Dr. Wray has strong opinions here.
Rapid currency creation and inflation is explored.
Dr. Randall Wray provides his recipe for full employment and stable prices.
It includes his answer of a “job creation program”.
Resources mentioned:
Show Notes:
Learn more about Dr. Randall Wray:
Bill Mitchell’s MMT blog:
http://bilbo.economicoutlook.net/blog/
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Transcript
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| 0:00.0 | Welcome to GRE. I'm your host Keith Weinhold. I sold an apartment building last week. I'll share some lessons there that will save you time and money. Then let's get professorial as I talk to a doctor of economics on how he sees today's economy. And if MMT and UBI are the answer or are they an inflationary disaster today on Get Rich Education. |
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| 0:59.8 | The annual Spartan Summit is on. |
| 1:03.1 | I was the kickoff speaker at the last event. |
| 1:05.0 | This year they are back in person, and the keynote speaker is none other than Shark Tank's Damon John. |
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| 1:32.1 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:39.5 | This is Get Rich Education. |
| 1:55.1 | Thank you. is get rich education. Welcome to GRE from Toledo, Ohio to Montecito, California, and across 188 nations worldwide, I'm Keith |
| 2:02.3 | Weinhold. |
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