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The James Altucher Show

635 - What is the State of US Economy with Jim McKelvey

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 19 September 2020

⏱️ 71 minutes

🧾️ Download transcript

Summary

It's time for another update on the state of US finance! After I wrote Why New York City is dead, doesn't seem like we have any solution for all the issue that I brought up in the article. So I called up my friend, Jim McKelvey, the founder of Square and the deputy chairman of the Federal Reserve, to ask him a bunch of questions. Will they bail out New York, what is the Federal Reserve doing right now to help the economy, and more! I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This isn't your average business podcast and he's not your average host.

0:06.8

This is the James Altiger Show.

0:12.8

Today on the James Altiger Show.

0:16.1

Once again, my good friend Jim McKelvie, the co-founder of multi, multi-billion dollar company

0:23.7

Square Square, of course, provides the payment processing for something like 30% of US

0:29.6

businesses.

0:30.6

So Jim always has his finger on the pulse of the economy and what's really going on,

0:36.3

not just what you're reading in the headlines.

0:38.3

But more importantly, he's also deputy chairman of the Federal Reserve.

0:43.2

So I get to ask him all the questions I've been wanting to ask about what the heck the Federal

0:48.5

Reserve is doing for the economy just so I could understand a little better.

0:53.3

And also when Jim and I first started this podcast, we were just randomly chatting and

0:58.5

he has some very interesting data to talk about that he found out from a company he invested

1:04.4

in.

1:05.4

Data about the presidential election that kind of surprised me.

1:09.8

And we talk about how to innovate a 3000 year old industry and Jim has done that as well.

1:17.0

So here's the podcast.

1:28.0

Well, what other projects you were he got?

1:31.1

So I'm making new drinking glasses in the studio.

1:37.1

These are, I wonder if I can get one.

1:40.3

You want to hold on?

1:41.9

Yeah, yeah.

...

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