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The Problem With...

The Problem With Not Understanding The Economy: Tom Bilyeu

The Problem With...

James Smith

Society & Culture

4.99.5K Ratings

🗓️ 26 May 2026

⏱️ 63 minutes

🧾️ Download transcript

Summary

Tom Bilyeu joins James Smith to discuss how broken the modern economy really is. The host of Impact Theory and co-founder of Quest Nutrition argues that inflation is theft, that you cannot save your way to success anymore, and that elites are quietly funneling wealth from the working class. He explains: ◼️ Why a balanced budget changes every policy argument ◼️ How property markets get fixed by deregulation, not taxes ◼️ Why men should be encouraged to go hard in the paint ◼️ How AI is shrinking headcount while multiplying output ◼️ Why paying down debt can quietly beat the stock market 👁️ Try Neutonic: https://www.neutonic.com/jamessmith 🧪 Check your Test: https://www.manual.co/smith 📝 Business Mentoring: https://www.jamessmith.business 🏋🏼‍♂️ Online Coaching: https://www.jamessmithacademy.com Tom Bilyeu's YouTube Channel - https://www.youtube.com/@TomBilyeu Tom Bilyeu On Instagram - https://www.instagram.com/tombilyeu/ Chapters: 00:00 The Problem With Not Understanding The Economy 02:30 Inflation Theft and The Hidden Wealth Transfer 03:10 Australia's Capital Gains Tax Bombshell 05:03 The Negative Gearing Property Trap 08:01 Why The Stock Market Is Basically Gambling 11:19 Tom's Advice For An Ambitious 22-Year-Old 13:11 Why Society Now Hates Male Ambition 15:39 Women, The Patriarchy and Sexual Selection 17:48 Why People Demonise Billionaires 21:41 The American Buying Mentality vs The UK 23:14 What Actually Made America Great 26:42 Generational Amnesia and Forgotten Hardship 30:43 Living in Los Angeles and California 33:01 Can The Whole World Live The American Dream? 35:46 Japan, Assimilation and Shared Values 38:38 American Political Corruption as Entertainment 42:01 Human Nature, Greed and AI Government 45:00 Why AI Is The New Internet Moment 45:59 How AI Is Transforming Tom's Business 49:09 Video Games, VR and Escaping Reality 54:04 Addictive Personalities and Gaming 55:34 The Simple Financial Playbook 58:06 The Truth About Paying Down Your Debt 1:01:46 Should You Be Buying Bitcoin? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

When you say people hate male ambition, what do you mean about that?

0:02.5

Okay, 30-ish years ago, we started telling men that they were gross for wanting to get laid or wanting to become truly extraordinary.

0:10.1

Having found my wife when I was 24 and watching her nudge me to be better and to do more has just been an incredible ride.

0:18.6

To me, it just seems patently absurd that you wouldn't want to encourage men to achieve and do things

0:23.6

other people think is impossible.

0:24.6

Tom Billu is the host of the leading podcast impact theory and the co-founder of the

0:29.6

billion-dollar company Quest Nutrition, which revolutionized protein bars and supplements.

0:33.6

Tom, what is the problem with our understanding the economy?

0:36.6

The economy really is broken, and so the person that's winning in a system that is corrupt, you just naturally go, well, then that person must be corrupt. Instead of asking themselves, how does the economy actually work so I can actually identify the real villain? They just go with the PR slogans. If we were to give people actionable things that they could do in the short term, what are those things? So there's a very simple set of things if you want to get ahead financially. Number one. My podcast will remain advert free, but all I ask is that you try Newtonic, which is now available in the Sainsbury's meal deal. It's in all major and good petrol stations across the UK, and we now have a store locator on our website for you to find a store. If you just try it once,

1:14.5

that's all I ask. And that's it. No more adverts. Enjoy this conversation. It's a great one.

1:19.5

Tom, what is the problem with not understanding the economy? You're going to get completely abused

1:24.4

by bankers and politicians and be befuddled as to why your life is not coming together.

1:30.8

It is immoral the way that our society is set up right now where you cannot save your way to success,

1:38.3

that you are forced to gamble in the stock market. And I think it is an absolute tragedy.

1:44.6

And it is the elites abusing people who simply don't understand.

1:48.6

And it allows them to funnel money from the poor and working class to the wealthy.

1:54.7

It is wild.

1:55.6

And I'm one of the wealthy.

1:56.6

And I'm telling you right now, like this system has to stop.

1:59.5

So it turns into a K-shaped economy,

2:01.4

which ultimately leads to revolution. And revolution leads to tyranny. It does not lead to the

2:07.4

turning of the tables that people want where it's like, oh, and now everything's good. It goes

...

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