2024 Nobel Laureate in Economics Simon Johnson explains the likel effects of Trump's economic policies on inflation and economic growth. Will inflation return under Trump? Subscribe to my free newsletter: davidlinreport.substack.com/ FOLLOW SIMON JOHNSON: X (@baselinescene): x.com/baselinescene MIT Shaping the Future of Work: shapingwork.mit.edu/ Power and Progress: shorturl.at/sdstz
You should bring on Hans Hermann Hoppe. He argues that Democracies actually stall economic growth and constitutional monarchies created most of the wealth over the past few centuries.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but its hard to bite the bullet and do it.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
*''TRUDY ELIZABETH STOUFFER’'* a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
As a passive investor, is it wise to buy market tracking index funds and ETFs from companies like Blackrock, Vanguard and State Street, even when they're at all time highs? I want to invest around 250K given the current market rally. Thoughts?
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10%. Remember to engage guidance so as to aid proper allocations.
Great advice here. Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$3.3m Less than 3 years until retirement.... I have about 400k in cash. My portfolio has yielded far more than I expected for my retirement. Kudos to my advisor.
Sure i don't mind. I've stuck with ‘’ Sophia Irene Powell ” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Anyone who thinks the Fed is “independent” and not subject to politics hasn’t noticed what they’ve been up to. Sure, let’s cut rates weeks before an election where your guy is losing, even in the face of sticky inflation that isn’t falling. Nope, no politics here, move along now.
@ Why are the FED administrators called “governors”, btw.? FYI, those banks are private institutions w/ private ownerships. Why is the FED not audited as a “private” institution, which has the arbitrary authority to debase our currency, on this note?
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
Not sure I would call tariffs a tax on lower income folks. Almost everything we buy from China is discretionary. Employment, food, housing, energy...is not.
Imports and exports from China make up 2% of gods and services. Canada and Mexico are about the same amount since the pandemic. We are shifting from China towards NAFTA.
we are "rolling back" the US financial system to times before 1913 when tariff taxation (like UK or Canada VAT) was heavily used. The whole point of FED and post 1913 income tax was to remove the tariffs. This plan is going back to mercantile economy and physical commodities, the next swan may kick us all back there.
Art Laffer always says pay attention to what Trump does, not what he says. The fact of the matter is that other countries also have tariffs and protectionism, Trump brings them to the table to talk.
True independence relies on the market; not on a Communist Manifesto stipulation (centralisation of credit.) The rate of interest is the most important price in the economy, as it affects saving, spending and investment patterns; and causes a Business Cycle; as well as widening the rich-poor income gap. CAPITALISM NEEDS FREE PRICES TO SERVE SOCIETY FAIRLY AND EFFICIENTLY. Plus, no subsidies or bailouts; as they are anti-capitalist acts; destroying competition and the smaller companies.
Could the professor address the ultimate purpose of the tariffs, which is to encourage the return of manufacturing and manufacturing jobs to North America?
Taxing the top 1% is great. Taxing American Businesses, amazing. Taxing Chinese Businesses, evil? If you think tariffs will raise the cost of goods, while don’t you think taxing American businesses does the same? Self reflect on why you believe this for a minute.
The tariff doesn’t effect the exporter. It effect the buyer and guess who needs all those components those business aka buyers…. And guess who buy from those business you.
Don't entirely buy that. You have to listen to EXACTLY what the guest actually said... to paraphrase, he said 'such things Trump has said are horrible' ... this may be the case, but I think Trump is much smarter than the Left generally give him credit for. Let's see what Trump actually DOES. It will probably be at least somewhat better than the disastrous Tax & Spend & Warmongering of the Biden years.
Jump on the prison stock train my friends, now that Trump won and we got the senate and will keep the house, he will clean house. GEO is worth 45 and trading at a discount, but not for long.
these guys always gaslight about tariffs, pretending like its a blank tariff not targeted one. duh ofc if he put a 40% tariff on everything that would be bad but he never once implied that, it's to save critical industries from being undercut by slave labor and he knows this
Trump’s “targeted” 2018 tariffs especially for the farming industry were so awful that he had to give 28 billion in aid to the industry to help recover.
@@adamm2716here is the thing we do but China decided not to buy them because used counter tariffs on soy bean.. you should of did those farmer a big favor.. oh wait
Regardless, you could not get the income data from China most likely because they have spend less government resources on tracking income because income tax is not as transparent as other western countries. They respectively give more privacy to their citizens . If you actually lived in China and earned income as Chinese citizen you would understand. It’s not as what was described by the interviewee’s comment.
Tariffs will take us to war. They always have. Years ago over 25yrs ago I was importing from India, Mexico, China, Taiwan - they all had reverse tariff's. India would for example pay the company exporting an item to the U.S. 1-1 so you export a good sold for $1,000 - you received $1,000 subsidy from the country. This allowed the Indian company to sell into our market at a loss of 100% and still break even. It worked the same in the others mentioned but, as far as I know India was the most aggressive by percentage. Perhaps this is the angle we should use, considering how well it has worked for the East, and South.
If one country has no laws on slave labor, but the other has to pay over time and vacation pay, one will always be more expensive. The alternitve to shutting down all trade is a hybrid of offshore parts with onshore companys brands. (Like appel keeping people employed on both sides of borders) The correct metric for max growth in a middel class economy is not to over tax the rich becase they got that way by growing the economy, the government will not spend the money well, they take away from those who earned it, as they only create problems not products. The correct metric is to change the laber system to insintivise buissness to hold more employees, profit share with them and match pay for a home, health account, and retirement acc. (It is not sosalisam to take care of those that help you) ( it is generous to help the unfortunate) As a business success risses so should those that helped create it. It was the missing peace our forefathers forgot when they wrote the constitution as they were greedy buissness men as well, but not everything should be about greed or government over reach. If there was an honest government out there they would stimulate compitition so monoplies couldn't bribe them, they could keep middel class working, without working over the middel class with inflation and stop spending the unborn futuers wealth before there born to pay for overpriced sosalisam programs for the old.
I will add, Labor costs in Mexico are cheaper than China already. Add the costs of shipping and Mexico has already become our largest trade partner. Trade with China is falling off and they are only 2% of goods and services as a percentage of GDP. Canada is in third place.
Question: if tariffs lead to income for the fed gov. And higher prices Does it thereby restrict the extension of sales tax hikes on state level ? Like a chess move against the local government?
Very insightful. Looks like the government has their work cut out. Whether the new government under Trump can achieve a turnaround for US is the moot point. The professor rightly pointed out that Trump’s statement to massively increase tariffs is not the solution. So the new Administration has 4 years to resolve US current financial problems. It’s float or sink.
@ CPI is only about what happens to M2 about 2 years ago. Steve Hanke (& the Quantity Theory of Money) does… CPI has fallen from 9.1% to low 2% “with tariffs.”
Another far left radical Biden's economist . Did he ever talk ONCE about M2 ( money supply ) in his whole argument??? I would love to see a debate between him and professor Steve H ( regular guest of David lin show )
@@ampiciline No, he's just intelligent and has studied this. Trump's idiotic tariffs and mass deportations are going to lead to a major economic crisis and major inflation. Did you not learn your lesson about how greedy corporations can be? Companies selling goods made in the US will raise prices to just under the higher prices of imported goods... because they will be able to.
@hahamasala didn't say he was wrong. All I'm saying is fanny may is completely corrupt so as a board member I believe he has an agenda. Fanny may buys all these mortgages that are government backed which leads to misalocation hence the o8 crisis.
@@caseyrindal1815 Everybody in government and economic policy is corrupt to some extent. But I think that if his advice and opinions are correct, that's all that matters for the purposes of this video.
@hahamasala the man's association with Fanny may should bring huge crutiny. All I'm saying is don't take it as the absolute truth. We as the American have been lied to from every angle and this guy should be looked at the same.
21:52 "Tariffs are a tax on your own consumers... Its a ludicrous fantasy .. The whole thing makes no sense whatsoever, but when did that ever stop Mr. Trump?" That's all you need to know, Trump cult members. You played yourself. 😅
@CraigPepe-y4z No. The only adjustment that will happen is that corporations will use the tariffs to further increase prices and small companies will have to. Almost everything we buy is imported! And prices on things that aren't imported will rise accordingly.
@CraigPepe-y4z If exporting nations subsidise exports, it does not seem unreasonable for gov't of an importing country to use tariffs as an offset. But the reality is it would be very difficult to keep in balance and tariffs probably best avoided at any large scale. I hope (and would bet) Trump decides not to do this on a large scale in the end. For now, this is just a negotiating position.
Screw the markets, it's time to think about what "the people" need. I'm thinking the greedy will be just fine... Think about that for a second, if you're able...
@@MH-53E Such a thoughtful response. You can't refute what I wrote. I can see why you voted for the orange idiot. You probably want to be intimate with Trump because he's so hot to guys like you. 😆
@@backupacctI think it will hurt China and help NAFTA. Why should China get special status? We have free trade agreements with Mexico, Canada, Japan, and South Korea. If your precious China wants to dump low quality cheap products into our markets let the sign a free trade agreement.
@@backupacctI don’t support insults, mocking, or bullying for either side, but believe I can defend Trump’s administration past foreign trade policies. Let’s call them Robert Lighthizen’s trade policies. Point of note he is the only secretary Trump left alone and didn’t fire. Biden double down on these policies so they are both Democrat and Republican trade policies at this point.
@@pl3317 He did mention the banks being too big. And the tariffs and mass deportations that will be the new problem, not the Fed. Who would handle interest rate decisions? Trump? 🤪
@hahamasala Unfortunately people are blinded by the FED and their fiat debt-based money system. In a proper gold-based money system interest rates are determined to keep the price of gold stable. It's that simple ! Unfortunately the FED has failed in it's duty for price stability - that is why gold has increased 60-fold since 1971 and is going parabolic. It has robbed the people of their wealth.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
2024 Nobel Laureate in Economics Simon Johnson explains the likel effects of Trump's economic policies on inflation and economic growth. Will inflation return under Trump?
Subscribe to my free newsletter: davidlinreport.substack.com/
FOLLOW SIMON JOHNSON:
X (@baselinescene): x.com/baselinescene
MIT Shaping the Future of Work: shapingwork.mit.edu/
Power and Progress: shorturl.at/sdstz
You should bring on Hans Hermann Hoppe. He argues that Democracies actually stall economic growth and constitutional monarchies created most of the wealth over the past few centuries.
Why can't the news do more like this: real journalism. This is actually important for people to understand.
“Its our job to tell you what to think “
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but its hard to bite the bullet and do it.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
*''TRUDY ELIZABETH STOUFFER’'* a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Most channels didn't put anything out today. But David Lin puts out 2 videos! Thanks Dave!
Thanks for watching!
As a passive investor, is it wise to buy market tracking index funds and ETFs from companies like Blackrock, Vanguard and State Street, even when they're at all time highs? I want to invest around 250K given the current market rally. Thoughts?
Index Funds & ETFs: 40-50%, Emerging Markets (e.g., VWO): 10-15%, Dividend Stocks: 10-20%, Growth Stocks/Small-Caps: 10-20%, REITs: 5-10%. Remember to engage guidance so as to aid proper allocations.
Great advice here. Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$3.3m Less than 3 years until retirement.... I have about 400k in cash. My portfolio has yielded far more than I expected for my retirement. Kudos to my advisor.
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
Sure i don't mind. I've stuck with ‘’ Sophia Irene Powell ” for years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the lead. I searched Sophia up and her webpage popped up, and I have sent her an email. I hope she gets back to me soon. Cheers!
Making money is an action, keeping money is a behavior, Growing Money is knowledge
Assets that can make one successful in life
I. Forex
2.Stocks
3.Shares
forex is profitable and lucrative investment online
You are right.
But I don't know why people remain poor due to ignorance
Doesn’t the FED have private shareholders? How is it independent, then?
Independent from the government. And the "shareholders" are just the member banks of the Federal Reserve system.
@@Wesley-rn7oc When Trump fires Jerome Powell, how is that independent?
Anyone who thinks the Fed is “independent” and not subject to politics hasn’t noticed what they’ve been up to. Sure, let’s cut rates weeks before an election where your guy is losing, even in the face of sticky inflation that isn’t falling. Nope, no politics here, move along now.
@ Why are the FED administrators called “governors”, btw.? FYI, those banks are private institutions w/ private ownerships. Why is the FED not audited as a “private” institution, which has the arbitrary authority to debase our currency, on this note?
@@issenvan1050 its a scam obviously.
Except the Fed is NOT independent just like the IMF is not independent.
But politically motivated.
If trumps implements tariffs in %centage ststee, the effect is higher inflation
Our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyper inflationary environment, individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
How can i get started when it comes to investing and passive income?
Just research the name Stacy Lynn Staples. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Typical academic, next to no real feel for business/true economy.
Not sure I would call tariffs a tax on lower income folks. Almost everything we buy from China is discretionary. Employment, food, housing, energy...is not.
Excellent, excellent point that doesn't get discussed enough
Imports and exports from China make up 2% of gods and services. Canada and Mexico are about the same amount since the pandemic. We are shifting from China towards NAFTA.
we are "rolling back" the US financial system to times before 1913 when tariff taxation (like UK or Canada VAT) was heavily used.
The whole point of FED and post 1913 income tax was to remove the tariffs.
This plan is going back to mercantile economy and physical commodities, the next swan may kick us all back there.
Art Laffer always says pay attention to what Trump does, not what he says. The fact of the matter is that other countries also have tariffs and protectionism, Trump brings them to the table to talk.
True independence relies on the market; not on a Communist Manifesto stipulation (centralisation of credit.) The rate of interest is the most important price in the economy, as it affects saving, spending and investment patterns; and causes a Business Cycle; as well as widening the rich-poor income gap. CAPITALISM NEEDS FREE PRICES TO SERVE SOCIETY FAIRLY AND EFFICIENTLY. Plus, no subsidies or bailouts; as they are anti-capitalist acts; destroying competition and the smaller companies.
Everyone should ask, "What is a bank? What does a bank do? What value is provided or extracted?".
Could the professor address the ultimate purpose of the tariffs, which is to encourage the return of manufacturing and manufacturing jobs to North America?
“Increase the taxes on the rich because they are by the way already rich” wonder what his political slant is
18:42 this is hilarious…. A central bank insulated from political pressure… as if we didn’t see what happened the last 4 years
Taxing the top 1% is great. Taxing American Businesses, amazing. Taxing Chinese Businesses, evil? If you think tariffs will raise the cost of goods, while don’t you think taxing American businesses does the same? Self reflect on why you believe this for a minute.
The tariff doesn’t effect the exporter. It effect the buyer and guess who needs all those components those business aka buyers…. And guess who buy from those business you.
We already have hyperinflation from MMT.
This guy is clearly biased against Trump… credibility is lost
Don't entirely buy that. You have to listen to EXACTLY what the guest actually said... to paraphrase, he said 'such things Trump has said are horrible' ... this may be the case, but I think Trump is much smarter than the Left generally give him credit for. Let's see what Trump actually DOES. It will probably be at least somewhat better than the disastrous Tax & Spend & Warmongering of the Biden years.
😂 it’s hard to accept you voted for the wrong person?
Another good interview from David. One of the hardest working and most level headed market commentators on youtube.
Jump on the prison stock train my friends, now that Trump won and we got the senate and will keep the house, he will clean house. GEO is worth 45 and trading at a discount, but not for long.
A lot of filler answers.
Mostly here to brag about accolades and trash talk Mr. Trump.
Thanks Dave, keep searching.
🍎
Finally someone who is not scared to tell it like it is instead of someone who lies on the behalf of the billionaires great interview
these guys always gaslight about tariffs, pretending like its a blank tariff not targeted one. duh ofc if he put a 40% tariff on everything that would be bad but he never once implied that, it's to save critical industries from being undercut by slave labor and he knows this
Trump’s “targeted” 2018 tariffs especially for the farming industry were so awful that he had to give 28 billion in aid to the industry to help recover.
@@TheSinimatik should we not grow our own food?
@@adamm2716here is the thing we do but China decided not to buy them because used counter tariffs on soy bean.. you should of did those farmer a big favor.. oh wait
@@Hmonks what would be your solution to removing slave labor from making our goods?
Regardless, you could not get the income data from China most likely because they have spend less government resources on tracking income because income tax is not as transparent as other western countries. They respectively give more privacy to their citizens . If you actually lived in China and earned income as Chinese citizen you would understand. It’s not as what was described by the interviewee’s comment.
Tariffs will take us to war. They always have. Years ago over 25yrs ago I was importing from India, Mexico, China, Taiwan - they all had reverse tariff's. India would for example pay the company exporting an item to the U.S. 1-1 so you export a good sold for $1,000 - you received $1,000 subsidy from the country. This allowed the Indian company to sell into our market at a loss of 100% and still break even. It worked the same in the others mentioned but, as far as I know India was the most aggressive by percentage. Perhaps this is the angle we should use, considering how well it has worked for the East, and South.
Not this time, brother.
@@xx-lk3bx😂😂 what's make you so sure, brother
@@b1burckHe's clueless, just another brainwashed Trump supporter.
@@hahamasala they aren't supporter's..they are his worshipers
Exactly. Tariffs have never worked in history and will not work this time. The US will end up similarly to the UK post Brexit.
So Johnson thinks slavery, colonialism and war mongering is sign of individual freedom 😂
Another great interview on the David Lin Report!
If one country has no laws on slave labor, but the other has to pay over time and vacation pay, one will always be more expensive.
The alternitve to shutting down all trade is a hybrid of offshore parts with onshore companys brands. (Like appel keeping people employed on both sides of borders)
The correct metric for max growth in a middel class economy is not to over tax the rich becase they got that way by growing the economy, the government will not spend the money well, they take away from those who earned it, as they only create problems not products.
The correct metric is to change the laber system to insintivise buissness to hold more employees, profit share with them and match pay for a home, health account, and retirement acc. (It is not sosalisam to take care of those that help you) ( it is generous to help the unfortunate)
As a business success risses so should those that helped create it. It was the missing peace our forefathers forgot when they wrote the constitution as they were greedy buissness men as well, but not everything should be about greed or government over reach. If there was an honest government out there they would stimulate compitition so monoplies couldn't bribe them, they could keep middel class working, without working over the middel class with inflation and stop spending the unborn futuers wealth before there born to pay for overpriced sosalisam programs for the old.
Spelling may be poor but substantive points are spot on.
I will add, Labor costs in Mexico are cheaper than China already. Add the costs of shipping and Mexico has already become our largest trade partner. Trade with China is falling off and they are only 2% of goods and services as a percentage of GDP. Canada is in third place.
We have to learn to just love the system. Cause we sure as hell won't ever do anything about it. 😂
So when does hyperinflation happen in USA? Once they realize Elon can’t stop the governments deficit spending?
India is a good example of democracy with a horrible economy.
Question: if tariffs lead to income for the fed gov. And higher prices Does it thereby restrict the extension of sales tax hikes on state level ?
Like a chess move against the local government?
That's what he said. The crux is it won't work.
Very insightful. Looks like the government has their work cut out. Whether the new government under Trump can achieve a turnaround for US is the moot point. The professor rightly pointed out that Trump’s statement to massively increase tariffs is not the solution. So the new Administration has 4 years to resolve US current financial problems. It’s float or sink.
i'll volunteer to be one of those small banks lol
I really enjoyed this interview. Thanks David!
moral hazard .. too much bail out
I Barely bother Commenting as TH-cam will Delete my comments no matter what i say
No they don't ..most of the time you will have to come back and rewatch it and then you will see your comment
Looks like your comment is still up... when do you expect them to delete it?
@@jameswamba4338 im amazed its still up. Keep defending your precious youtube bud i know you’re butt hurt about my comment. Sorry
Tariffs aren't terrible they just open opportunities in the black market.
good interview
Why would long rates not fall w/ a falling CPI?
Bc the CPI isn't legit
@ Regardless, it has clearly been in a downtrend!
Who says the CPI will fall with tariffs?
@ CPI is only about what happens to M2 about 2 years ago. Steve Hanke (& the Quantity Theory of Money) does… CPI has fallen from 9.1% to low 2% “with tariffs.”
@@issenvan1050 and people still blame Biden for the inflation which started with Trump and the Fed's policies during his term.
Another far left radical Biden's economist . Did he ever talk ONCE about M2 ( money supply ) in his whole argument??? I would love to see a debate between him and professor Steve H ( regular guest of David lin show )
@@ampiciline No, he's just intelligent and has studied this. Trump's idiotic tariffs and mass deportations are going to lead to a major economic crisis and major inflation. Did you not learn your lesson about how greedy corporations can be? Companies selling goods made in the US will raise prices to just under the higher prices of imported goods... because they will be able to.
Great interview! Thank you!
Damn imf member, hard to believe him.
Fanny may board member hard to trust.
@@caseyrindal1815 Explain how he's wrong and how tariffs will help anything.
@hahamasala didn't say he was wrong. All I'm saying is fanny may is completely corrupt so as a board member I believe he has an agenda. Fanny may buys all these mortgages that are government backed which leads to misalocation hence the o8 crisis.
@@caseyrindal1815 Everybody in government and economic policy is corrupt to some extent. But I think that if his advice and opinions are correct, that's all that matters for the purposes of this video.
@hahamasala the man's association with Fanny may should bring huge crutiny. All I'm saying is don't take it as the absolute truth. We as the American have been lied to from every angle and this guy should be looked at the same.
@caseyrindal1815 That's fair but nearly all other economists would agree with his take on tariffs.
21:52 "Tariffs are a tax on your own consumers... Its a ludicrous fantasy .. The whole thing makes no sense whatsoever, but when did that ever stop Mr. Trump?"
That's all you need to know, Trump cult members. You played yourself. 😅
They're so dumb. All they cared about was being racist and owning the libs and so they elected an idiotic lunatic.
Change is coming...
@@aleaiactaest8354 And how will it be good?
@CraigPepe-y4z No. The only adjustment that will happen is that corporations will use the tariffs to further increase prices and small companies will have to. Almost everything we buy is imported! And prices on things that aren't imported will rise accordingly.
@CraigPepe-y4z If exporting nations subsidise exports, it does not seem unreasonable for gov't of an importing country to use tariffs as an offset. But the reality is it would be very difficult to keep in balance and tariffs probably best avoided at any large scale. I hope (and would bet) Trump decides not to do this on a large scale in the end. For now, this is just a negotiating position.
Trump will pardon himself
So should all the felons sitting in the jail
lol he won't have to the doj can't investigate a sitting president
@@xx-lk3bx trump was never a felon you're not a convicted felon till after you lose the appeal, and ofc he was never sentenced
It's not a real Nobel, but congrats.
Amazing David, impressive interview with Simon Johnson
Every country on Earth does tariffs!!
yea you might wana look into that - most are reverse tariffs
Can you interview Jeremy Siegel please?
Screw the markets, it's time to think about what "the people" need. I'm thinking the greedy will be just fine... Think about that for a second, if you're able...
So you think that Trump's tariffs will help "the people?" You're sadly mistaken.
@backupacct Go back and vote for Cameltoe again.
@@MH-53E Such a thoughtful response. You can't refute what I wrote. I can see why you voted for the orange idiot. You probably want to be intimate with Trump because he's so hot to guys like you. 😆
@@backupacctI think it will hurt China and help NAFTA. Why should China get special status? We have free trade agreements with Mexico, Canada, Japan, and South Korea. If your precious China wants to dump low quality cheap products into our markets let the sign a free trade agreement.
@@backupacctI don’t support insults, mocking, or bullying for either side, but believe I can defend Trump’s administration past foreign trade policies. Let’s call them Robert Lighthizen’s trade policies. Point of note he is the only secretary Trump left alone and didn’t fire. Biden double down on these policies so they are both Democrat and Republican trade policies at this point.
Super great information Brothers 👍😊❤❤
Excessive power for no one .... except the regulator and there is the problem.
@@modelmark The problem will be that Trump will have excessive power, and he has no idea what he's doing.
This guest actually seems pretty legit. Would like to see him on again..maybe a longer.. more in depth interview. This seemed a little rushed.
He still doesn't tell you that the financial system is run by the too-big-to-fail banks and nothing is going to change as long as the FED exists 😂
@@pl3317 He did mention the banks being too big. And the tariffs and mass deportations that will be the new problem, not the Fed. Who would handle interest rate decisions? Trump? 🤪
@hahamasala Unfortunately people are blinded by the FED and their fiat debt-based money system. In a proper gold-based money system interest rates are determined to keep the price of gold stable. It's that simple ! Unfortunately the FED has failed in it's duty for price stability - that is why gold has increased 60-fold since 1971 and is going parabolic. It has robbed the people of their wealth.
@hahamasala The banks are too big because they own the FED. How can you make a bank smaller when it owns the financial system ?
Wow, fascinating. Thanks.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.