The Economics of Growth with Rich Lowrie

Truth with Vivek Ramaswamy

Vivek Ramaswamy

Business, News, Government

4.7 • 1.2K Ratings

🗓️ 11 May 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of The Vivek Show, host Vivek Ramaswamy welcomes Rich Lowrie, an economic advisor to Herman Cain's presidential campaign, to discuss the complexities of economic growth. The conversation covers GDP as a measure of success, the impact of dollar volatility on economic productivity, and the rise of the managerial class. Rich Lowrie emphasizes the importance of a stable unit of measure and the need for more business investment. He also critiques the Federal Reserve's policies and their effects on wage growth and the striving majority. -- Donate here: https://t.co/PE1rfuVBmb For more content follow me here: Twitter - @VivekGRamaswamy Instagram - @vivekgramaswamy Facebook - http://facebook.com/VivekGRamaswamy Truth Social - @VivekRamaswamy Rumble - @VivekRamaswamy -- Time-codes: 00:00: Introduction and the importance of economic growth 01:00 Rich Lowrie shares his background and interest in economic growth 01:36: Emphasis on economic growth in solving problems 03:30 Discussion on the belief that consumption drives GDP 10:37: The importance of a stable unit of measure for economic productivity 14:52: The impact of dollar volatility on economic productivity 20:09: Rise of the managerial class and the shift in focus to labor markets 24:00: Critique of the Federal Reserve's control over the money supply 30:22: Discussion on the Federal Reserve's policies and their effect on meritocracy and wage growth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So today I'm joined by a new friend of mine, Rich Lowry, who was actually an economic advisor to Hermann Kane in his
0:17.9	presidential campaign.
0:18.9	It's actually one that I followed some time ago and I've gotten to know more recently. We had a conversation that
0:25.0	intrigued me and I've already started to adopt some of the ideas that Rich planted in
0:32.1	my head.
0:32.5	So Rich, I'll ask you to introduce yourself,
0:35.1	share a bit about your background,
0:36.5	and then let's roll up our sleeves and get right
0:38.1	into the substance.
0:39.2	And I think the technical issues you talk about actually go to the heart of the American identity campaign that I'm on and I think
0:48.3	over the next little bit we're going to tie up what seems like a technical subject, but which really goes to the essence of American
0:55.9	identity itself.
0:56.9	So that being said, you know, tell us a little bit about you and what got you animated about these
1:01.1	issues.
1:02.1	I've been in the investment business.
1:04.3	This year it would be my 35th year. And so I follow markets, the economy professionally,
1:11.6	you know, for that period of time.
1:13.6	And I just got sick of yelling at the TV
1:16.5	what these knuckleheads should do.
1:18.9	And it started around the time that I started to have kids. And it got to a point where it's like I need to do something to try to make a difference.
1:27.2	You know if you can steer the debate in the right direction and it is about one thing and one thing only economic growth. The lack of
1:38.6	economic growth since 2000 has caused every problem you could imagine.
	...

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