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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

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.62.7K 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

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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