A primer on how the economic engine works through coordination between savers, investors, consumers, producers, governments, and banks. How hoarding and unfair competition can lead to economic distortions. Topics covered include: Show Notes Wait, Is Saving Good or Bad? The Paradox of Thrift—The Federal Reserve Bank of St. Louis Rents: How Marketing Causes Inequality by Gerrit De Geest—Beccaria Books FTC Challenges Kroger’s Acquisition of Albertsons—Federal Trade … [Read more...]
430: How Should Personal and National Wealth Be Measured?
How we measure wealth, riches, abundance, and well-being is more important today than ever. Topics covered include: Show Notes An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith—Early Modern Texts About Adam Smith—Adam Smith Institute An Inquiry Into the Nature and Origin of Public Wealth and Into the Means and Causes of Its Increase by The Earl of Lauderdale—McMaster University Principles for Dealing with the Changing World Order: Why Nations … [Read more...]
88: Are You A Stock Or A Bond?
Our total wealth includes both financial and human capital, which is the value of our future employment earnings. How to consider both in your asset allocation. In this episode you'll learn: What is human capital.How human capital gets converted into financial capital.What is habitat utility.How do you factor human capital into your asset allocation.How insurance helps hedge human capital. Show Notes Are You A Stock or A Bond? Identify Your Own Human Capital For A Secure … [Read more...]
