Podcasts about Adam Smith

Guest: John Tamny. Tamny explains Adam Smith's division of labor using the iPhone as an example, arguing that money exists solely to circulate goods and requires stability.

With online dating, smartphones, and apps, we have access to more options than ever. But infinite possibilities can be paralyzing. And just because you can customize a search, doesn't mean you know what you're searching for, or that the person on the other end is being honest about who they are. You've heard people say, “All the good ones are taken.” Is that true? What constitutes a “good one”? Are we looking for the wrong things or in the wrong places? What if it's a bit of both? Are there traits that make a match more likely to last, or is that just a myth? If you're new with us, let us know how we can be praying for you, we invite you to fill out an online Connect Card by visiting https://southhillschurch.churchcenter.com/people/forms/91550—If you are looking for what is next for you, we invite you to fill out an online “Next Steps” card by visiting https://southhillschurch.churchcenter.com/people/forms/672517To give with us select the Give tab on the Church Center App or visit https://southhills.org/giving/ and select the Corona Fund or Corona BOW Fund—Visit our Linktree to find out more about everything mentioned in today's message or follow along with the message slides:https://linktr.ee/SouthHillsCorona —To RSVP for On-Campus Events select the Events tab on the Church Center App or visit https://southhills.org/corona/

Matthew 5:33-37 | Adam Smith

In deze Toegevoegde Waarde nemen we een duik in de geschiedenis, want we gaan het hebben over de godfather van het kapitalisme. Zo wordt hij wel eens genoemd — al dan niet terecht, maar daar gaan we het over hebben — en dat is niemand minder dan Adam Smith. Marijn ging in Schotland op zoek naar zijn wortels om te kijken wat zijn betekenis nog is en wat we nog van hem kunnen leren. Verder onderzoeken we de mogelijkheden van een 28e regime binnen de EU. Dat is een plan om het voor start-ups en scale-ups makkelijker te maken in Europa te groeien. We zoeken uit wat dit regime nou precies is en of we dit wel moeten willen. In de aflevering verwijzen we naar een oude Toegevoegde Waarde, die kun je hier beluisteren: Waar gaat het mis op de vrije markt? Presentatie: Anna Dijkman en Marijn Jongsma Redactie & montage: Nelleke van der Heiden Muziek: Gijs FriesenSee omnystudio.com/listener for privacy information.

In deze Toegevoegde Waarde nemen we een duik in de geschiedenis, want we gaan het hebben over de godfather van het kapitalisme. Zo wordt hij wel eens genoemd — al dan niet terecht, maar daar gaan we het over hebben — en dat is niemand minder dan Adam Smith. Marijn ging in Schotland op zoek naar zijn wortels om te kijken wat zijn betekenis nog is en wat we nog van hem kunnen leren. Verder onderzoeken we de mogelijkheden van een 28e regime binnen de EU. Dat is een plan om het voor start-ups en scale-ups makkelijker te maken in Europa te groeien. We zoeken uit wat dit regime nou precies is en of we dit wel moeten willen. In de aflevering verwijzen we naar een oude Toegevoegde Waarde, die kun je hier beluisteren: Waar gaat het mis op de vrije markt? Presentatie: Anna Dijkman en Marijn Jongsma Redactie & montage: Nelleke van der Heiden Muziek: Gijs FriesenSee omnystudio.com/listener for privacy information.

Adam Smith is often invoked as the intellectual godfather of modern capitalism — but he was also a moral philosopher. Judo Bank founder and former CEO Joseph Healy joins Gene Tunny to argue that Australia's market economy has drifted from Smith's vision. From weak competition and high household debt to corporate scandals and lobbying influence, this episode explores whether capitalism has been “hijacked by capitalists” — and why complacency may be Australia's greatest economic risk.Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com. About this episode's guest: Joseph HealyJoseph Healy is an experienced Australian banking executive and the author of What Would Adam Smith Make of Modern Australia? He has had a long career in financial services in Australia and internationally, including as a co-founder and former CEO of Judo Bank, a specialist SME bank. Joseph has a longstanding interest in Adam Smith's work as both an economist and moral philosopher. In his book, he draws on The Wealth of Nations and The Theory of Moral Sentiments to assess the state of modern Australian capitalism — examining competition, corporate governance, banking, regulation, education, and the relationship between economic performance and societal wellbeing.What You'll LearnWhy Adam Smith must be read as both an economist and a moral philosopher.How shareholder value thinking reshaped corporate incentives from the 1980s onward.Why weak competition in banking, airlines, retail, and energy may be generating economic rents in Australia.How the shift of bank lending toward housing may have created systemic risk and underinvestment in SMEs in Australia.Why Joseph gives Australia a C+ overall — and why that grade could deteriorate.Timestamps02:25 – Why Joseph wrote to The EconomistThe 250th anniversary of The Wealth of Nations and reclaiming Smith's legacy.09:18 – Why Moral Sentiments still matters“Loved and lovely” — Smith's moral framework explained.16:30 – The legal test vs the moral test“It's not ‘Will we get caught?' — it's ‘Is this the right thing to do?'”18:29 – Shareholder value and the erosion of restraintHow incentives shifted corporate behaviour from the 1980s onward.27:39 – Banking concentration and the shift to mortgagesBig Four dominance and declining SME lending.31:05 – Systemic risk and household leverageIs Australia too exposed to housing debt?36:10 – Lobbying and barriers to competitionWhy reform is politically difficult.40:45 – Five areas of reformGovernment size, competition, tax reform, governance, trade unions & education.48:34 – The Qantas exampleLobbying, protection, and consumer impact.51:39 – What would Adam Smith make of Australia?The “report card”: A for trade, D for competition, C+ overall.55:11 – Reclaiming capitalism“Capture it back again so it's working for everybody.”Links relevant to the conversationJoseph's book, What Would Adam Smith Make of Modern Australia?https://majorstreet.com.au/products/what-would-adam-smith-make-of-modern-australia-br-i-small-by-joseph-healy-i-smallLumo Coffee promotion10% of Lumo Coffee's Seriously Healthy Organic Coffee.Website: https://www.lumocoffee.com/10EXPLOREDPromo code: 10EXPLORED 

KGMI's Adam Smith and Dianna Hawryluk chat about Valentine's Day events and live music in Whatcom County this weekend.

Paul Knowlton on Bad Theology, Plantation Economics You Practice on Yourself, and How Mars Built a Trillion-Dollar Legacy on Mutuality (The Price and Value Journey, Episode 160) In Part 2 of a two-part conversation, Paul Knowlton, attorney and partner at Stanton Law in Atlanta and co-author of Better Capitalism: Jesus, Adam Smith, Ayn Rand, and […]

In this episode, Smith and Mayhew unpack why difficulty is essential for growth and how the challenges you face - at work, at home, and in yourself - are often shaping you more than you realise. From frustration and anger to parenting, performance and self-awareness, this is an honest conversation about responding to life instead of reacting to it. Email Us: hello@agameconsultancy.com Adam Smith From depressed and suicidal to the happiest and fittest he's ever been, Adam Smith's self-development journey hasn't been easy but it has been worth it. Today, he's a qualified mindset coach in neuro-linguistic programming (NLP) and a certified Time Line Therapist®. Adam has coached many high performers, using NLP to rewire his clients' thoughts and behaviours so they can destroy limiting beliefs and engineer the change needed to excel. Connect with Adam Smith: https://www.linkedin.com/in/adam-smith-high-performance-coach/ Adam Mayhew Adam Mayhew swapped burnout and binge drinking for ultra marathons, CrossFit and sobriety. A registered nutritional therapist specialising in performance nutrition, Adam supports everyone from office workers to athletes to build healthy eating habits. Using science (and never fad diets, quick fixes or gym bro culture) he helps clients target their problem areas and confidently master diet, training and lifestyle. Connect with Adam Mayhew: https://www.linkedin.com/in/adam-mayhew-nutrition-coaching/ To find out more about Smith & Mayhew: https://agameconsultancy.com/about/

"We all love Thomas Paine. We just wish we liked him." — Jonathan TurleyJonathan Turley's new book asks a deceptively simple question: why did the American Revolution become the longest-running successful democracy while the French Revolution devoured itself? The answer, he argues, lies in Madison's "auxiliary precautions" — constitutional safeguards designed not to eliminate rage but to channel it. Turley draws a direct line from Robespierre to today's calls to pack the Supreme Court and abolish the Senate, warning that removing those precautions invites the same mobocracy that sent the Jacobins to the guillotine. But the real provocation comes in the book's second half: with AI and robotics threatening mass unemployment, America may soon face a "kept population" — citizens subsidized by the state who lose their vital relationship to productivity and self-governance. We discuss Thomas Paine (brilliant about humanity, clueless about humans), why rage itself isn't the enemy, and whether the republic built to handle the 18th century can survive the 21st.About the GuestJonathan Turley is the Shapiro Professor of Public Interest Law at George Washington University Law School. A legal analyst for CBS, NBC, BBC, and Fox News over three decades, he is the author of The Indispensable Right (a bestseller) and the new Rage and the Republic: The Unfinished Story of the American Revolution.Chapters:00:01:14 The uniqueness of the American RevolutionTwo revolutions, two outcomes; Thomas Paine and James Madison as the twin geniuses00:03:53 Paine vs. Madison on democracyPaine wanted direct democracy; it nearly got him guillotined in France00:05:54 Robespierre's transformationThe ACLU lawyer who came to believe "terror is virtue"00:09:01 Thomas Paine: the penman of the revolutionFrom complete failure to revolutionary genius in two years00:11:46 Slavery and the revolution's contradictionsWhy people preferred Jefferson to Paine00:15:43 Franklin's greatest achievementSeeing something in "that heap of human wreckage"00:18:07 What was unique about American rageNot the rage itself, but the system designed to handle it00:25:08 The "New Jacobins"Calls to pack the Supreme Court and abolish the Senate00:26:40 Rage on both sides"Your rage is righteous, their rage is dangerous"00:30:47 AI and the "kept population"Mass unemployment and the citizen's relationship to the state00:39:26 "Gynan" jobsHomocentric industries like psychiatry and education that AI can't replace00:45:00 Why the American Republic is still the best modelDecentralization over EU-style centralizationReferencesFigures discussed:Thomas Paine — arrived in America "barely alive," became the penman of the revolution in two yearsJames Madison — designed the "auxiliary precautions" that prevented American democracy from devouring itselfBenjamin Franklin — paid for Paine's passage to America, saw genius in "that heap of human wreckage"Maximilien Robespierre — began as an advocate for due process, ended declaring "terror is virtue"Jean-Paul Marat — radical journalist, killed by Corday in his bathtub (he bathed constantly due to a skin disease)Charlotte Corday — Republican who assassinated Marat; Robespierre and Danton watched her executionGeorges Danton — joined the moderate Girondin wing; executed by the revolution he helped createArt:The Death of Marat (1793) — Jacques-Louis David's painting of Marat's assassination; David was himself a JacobinHistorical events:The Battle of Fort Wilson (1779) — Philadelphia mob attacked founder James Wilson's home; several killedThe Reign of Terror (1793–94) — nearly all Jacobin leaders guillotined, including Danton and RobespierreBooks mentioned:The Wealth of Nations (1776) — Adam Smith; embraced by the founders as "the perfect companion to their political theory"The Federalist Papers (1787–88) — Hamilton, Madison, and JayAbout Keen On America Nobody asks more impertinent questions than the Anglo-American writer, filmmaker and Silicon Valley entrepreneur Andrew Keen. In Keen On America , Andrew brings his sharp Transatlantic wit to the forces reshaping the United States — hosting daily interviews with leading thinkers and writers about American history, politics, technology, culture, and business. With nearly 2,800 episodes since the show launched on TechCrunch in 2010, Keen On America is the most prolific intellectual interview show in the history of podcasting.WebsiteSubstackYouTubeApple PodcastsSpotify

'WHO KNOWS WHAT IT'S ABOUT' - ADAM SMITH ON WILDER'S CLASH WITH SIMON JORDAN / REACTS TO BALL DEFEAT Learn more about your ad choices. Visit megaphone.fm/adchoices

En ce lundi matin, Luc Ferry partage ses réflexions sur l'avenir des Républicains et les défis qui les attendent. Le philosophe donne ses conseils pour redonner à ce parti une identité forte.Figure importante du gaullisme, il commence par souligner la nécessité pour les Républicains d'être plus libéraux en économie tout en étant plus républicains en politique. Selon lui, c'est la clé pour reconquérir l'électorat et faire barrage au Rassemblement national. Il regrette que les Républicains aient voté un budget qu'il qualifie de "socialiste", les accusant de laisser le terrain de l'État et du républicanisme aux partis d'extrême droite.L'ancien ministre de l'Éducation nationale revient ensuite sur les racines historiques du libéralisme et du républicanisme en France. Il souligne les différences profondes entre la tradition anglo-saxonne, incarnée par Adam Smith, et la tradition française, marquée par l'héritage robespierriste. Ce dernier estime qu'il est temps pour la France de s'engager résolument dans une politique libérale en économie, tout en restant républicaine en politique.Enfin, il exhorte les membres du parti à assumer pleinement leur identité de droite républicaine, craignant que la multiplication des candidatures au sein de ce dernier ne les condamne à une défaite cuisante face à l'extrême droite et l'extrême-gauche.Hébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

The more fixated we get on something, the more everything else fades to the background. If you're hoping to meet someone, it can be hard not to put your life on hold until it happens. If a lot of your dreams are based around getting married, it can be hard to know what to do in the meantime. Especially since the meantime is taking way longer than you want it to. What's the wisest thing to do with your single years? How do you make the most of that season and prepare for what's next…regardless of what's next? If you're new with us, let us know how we can be praying for you, we invite you to fill out an online Connect Card by visiting https://southhillschurch.churchcenter.com/people/forms/91550—If you are looking for what is next for you, we invite you to fill out an online “Next Steps” card by visiting https://southhillschurch.churchcenter.com/people/forms/672517To give with us select the Give tab on the Church Center App or visit https://southhills.org/giving/ and select the Corona Fund or Corona BOW Fund—Visit our Linktree to find out more about everything mentioned in today's message or follow along with the message slides:https://linktr.ee/SouthHillsCorona —To RSVP for On-Campus Events select the Events tab on the Church Center App or visit https://southhills.org/corona/

Matthew 5:31-32 | Adam Smith

Matthew 5:31-32 | Adam Smith

Jonathan Turley introduces his book Rage and the Republic, which examines how the American Revolution succeeded where the French Revolution failed by prioritizing liberty over direct democracy. Turley argues that the American founders purposefully paired their political framework with the capitalist theories of Adam Smith, believing that individual freedom is impossible without economic independence. He warns that modern "new Jacobins" who advocate for radical constitutional changes and socialist policies risk leading the nation toward a mobocracy and eventual tyranny.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Dementia Researcher podcast, host Adam Smith chats with with Professor Paul Freemont and researcher Tom Adam from the UK Dementia Research Institute at Imperial College London to discuss the critical issue of urinary tract infections (UTIs) in individuals living with dementia. The conversation highlights the complexities of diagnosing UTIs in people living with dementia, where communication barriers and atypical presentations often lead to misdiagnosis and unnecessary hospitalisations. The guests emphasise the urgent need for improved detection methods, as UTIs can exacerbate cognitive decline and lead to severe health complications. They talk about their work to develop and introduce an innovative novel point-of-care diagnostic device designed specifically for dementia patients, which aims to facilitate early detection of UTIs in a home and care home setting, thereby reducing the reliance on traditional symptom reporting and hospital visits. Key takeaways:

KGMI's Adam Smith and Dianna Hawryluk chat about Super Bowl weekend, That's What She Said at Bellingham Commons, Bellingham Dockside Market, birding at Lake Padden, a Mardi Gras concert in Fairhaven and Inpathos performing at Shakedown.

In the second episode in our short series about how the history of ideas can help with the deepest puzzles of politics, David talks to political theorist Paul Sagar about the eighteenth-century polymath Adam Smith. Normally thought of as the original champion of free-market economics, Smith was far more interested in history, human psychology and the problems inherent in all political systems. What does it mean to live in a commercial society? How should we understand the promise and pitfalls of equality? Where does human liberty come from? And why has the Adam Smith Institute made a mockery of his name? Next time: Learning from Max Weber You can find out everything you need to know about this podcast – who we are, what we do, plus merch, events and full lists of our episodes and PPF+ bonus episodes on our website https://www.ppfideas.com  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Paul Knowlton on How Misreading Adam Smith Broke Capitalism, Why the “Invisible Hand” Never Meant What You Think, and Whether Generosity Actually Works in Business (The Price and Value Journey, Episode 159) In part one of a two-part conversation, Paul Knowlton, patent attorney and co-author of Better Capitalism: Jesus, Adam Smith, Ayn Rand, and MLK Jr. […]

Part One- We speak with Adam Smith, a free-lance production assistant for TV and radio commercials based in Milwaukee. He is also a screenwriter, and he is organizing a public table read series called "Voices Off Paper" that will feature the work of local screenwriters. Part Two- A portion of a conversation with the late Bob Newhart, talking about his memoir "I Shouldn't Even Be Doing This: And Other Things That Strike Me As Funny."

In this episode, Smith and Mayhew dive into one of the most overlooked but powerful drivers of personal growth: awareness. If you've ever felt stuck, frustrated, or like you know what to do but still aren't doing it, this conversation cuts straight to the root of why. This is about waking up, taking responsibility, and recognising that real change starts long before motivation or discipline ever show up. Email Us: hello@agameconsultancy.com Adam Smith From depressed and suicidal to the happiest and fittest he's ever been, Adam Smith's self-development journey hasn't been easy but it has been worth it. Today, he's a qualified mindset coach in neuro-linguistic programming (NLP) and a certified Time Line Therapist®. Adam has coached many high performers, using NLP to rewire his clients' thoughts and behaviours so they can destroy limiting beliefs and engineer the change needed to excel. Connect with Adam Smith: https://www.linkedin.com/in/adam-smith-high-performance-coach/ Adam Mayhew Adam Mayhew swapped burnout and binge drinking for ultra marathons, CrossFit and sobriety. A registered nutritional therapist specialising in performance nutrition, Adam supports everyone from office workers to athletes to build healthy eating habits. Using science (and never fad diets, quick fixes or gym bro culture) he helps clients target their problem areas and confidently master diet, training and lifestyle. Connect with Adam Mayhew: https://www.linkedin.com/in/adam-mayhew-nutrition-coaching/ To find out more about Smith & Mayhew: https://agameconsultancy.com/about/

Despite half of American adults being single, churches seem to have no idea how to engage them. Singleness is often treated like a pitstop on the way to what really matters… coupling up and settling down. Which is why a lot of well-meaning married folk say all sorts of unhelpful and hurtful things to the singles in their orbit—dismissive, demeaning and condescending things; many of which contradict Scripture. Maybe it's time we adjust our view of singleness and start talking about and treating singles more like Jesus. What would happen if we did? If you're new with us, let us know how we can be praying for you, we invite you to fill out an online Connect Card by visiting https://southhillschurch.churchcenter.com/people/forms/91550—If you are looking for what is next for you, we invite you to fill out an online “Next Steps” card by visiting https://southhillschurch.churchcenter.com/people/forms/672517To give with us select the Give tab on the Church Center App or visit https://southhills.org/giving/ and select the Corona Fund or Corona BOW Fund—Visit our Linktree to find out more about everything mentioned in today's message or follow along with the message slides:https://linktr.ee/SouthHillsCorona —To RSVP for On-Campus Events select the Events tab on the Church Center App or visit https://southhills.org/corona/

Matthew 5:27–30 | Adam Smith

Matthew 5:27–30 | Adam Smith

On the latest episode of Minor Issues, Mark Thornton explains why the modern discussion of the division of labor is distorted by bad theory and political incentives. Mark contrasts Adam Smith's view with the Austrian tradition—especially Mises's—where the division of labor is driven and continuously reorganized by entrepreneurial judgment under uncertainty, disciplined by profit and loss. Mark also shows why technocrats and social engineers love an entrepreneur-less story of specialization, why Marxists found support in Smith's labor-theory drift, and why the real gains from specialization depend on individual differences that markets harmonize through exchange.Enter the 2026 Stocks vs. Manure Prediction Contest at https://mises.org/form/stocks-vs-manure-2026See “The Division of Labor Is at the Very Core of Economic Growth” by Per Bylund in The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno: https://mises.org/MI_160_AJoin us for the Mises Institute's first event of 2026, featuring Keith Smith, Caitlin Long, Ryan McMaken, Per Bylund, and Timothy Terrell: "Entrepreneurship Beyond Politics: Mises Circle in Oklahoma City." Register today at https://mises.org/okcOrder a Minor Issues tumbler today! https://mises.org/MinorIssuesTumblerBe sure to follow Minor Issues at https://Mises.org/MinorIssues

KGMI's Adam Smith and Dianna Hawryluk chat about a National Kazoo Day event at the Lynden Heritage Museum, stand-up comedy at Semiahmoo Resort, a gardening class at Garden Spot Nursery in Bellingham, and live music at Shakedown and Wild Buffalo.

Reminder: Join us TONIGHT at 6pm CT for Happy Hour with Hightower!The US military has long been an easy mark – for our own avaricious corporate contractors, that is.During the Civil War, for example, J.P. Morgan sold rifles to the Union army that cost him only $3.50 each, but he charged the military $22 each. Worse, his rifles were defective, blowing off the thumbs of soldiers who fired them. Still, a Congressional committee ruled that Morgan had a “legal” contract and had to be paid in full.Which brings us to the screwball contracts the Pentagon routinely signs these days with multibillion-dollar corporate con artists hawking weaponry. These gougers, though, have streamlined their taxpayer thievery by automatically inserting a corporate gotcha in nearly every Pentagon contract. It makes it illegal for the military to repair the weapons and systems they have bought!A drone won't fly? An AI system goes haywire? Anti-aircraft rockets fail? DON'T touch the systems! No — you must call a corporate-approved tech repair person, or take the malfunctioning gizmo to the manufacturer.Yes, this is insane, unworkable, immoral… and the very definition of “snafu.” But corporate profiteers have made it the law. At last, though, soldiers, battleground commanders and common-sense members of both parties are rebelling, supporting Sen. Elizabeth Warren's “Warrior Right to Repair Act.” Pathetically, Congress and avaricious contractor lobbyists recently defeated this bill, wailing contractor property rights is more important than authorizing soldiers to make lifesaving repairs in the field.The fight goes on, though, and you can help. Two lawmakers who engineered this travesty are Mike Rogers of Alabama and Adam Smith of Washington State, both of whom take hundreds of thousands of dollars from the war profiteers. To fight their insanity, go to pirg.org/repair.Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe

In this episode, Smith and Mayhew tackle one of the most destructive patterns men fall into: turning everyday mistakes into proof that they're not good enough. Using stoic philosophy, real coaching examples and honest conversation, they unpack the difference between guilt and shame - and why confusing the two keeps you stuck, frustrated and exhausted. Email Us: hello@agameconsultancy.com   Adam Smith From depressed and suicidal to the happiest and fittest he's ever been, Adam Smith's self-development journey hasn't been easy but it has been worth it. Today, he's a qualified mindset coach in neuro-linguistic programming (NLP) and a certified Time Line Therapist®. Adam has coached many high performers, using NLP to rewire his clients' thoughts and behaviours so they can destroy limiting beliefs and engineer the change needed to excel. Connect with Adam Smith: https://www.linkedin.com/in/adam-smith-high-performance-coach/ Adam Mayhew Adam Mayhew swapped burnout and binge drinking for ultra marathons, CrossFit and sobriety. A registered nutritional therapist specialising in performance nutrition, Adam supports everyone from office workers to athletes to build healthy eating habits. Using science (and never fad diets, quick fixes or gym bro culture) he helps clients target their problem areas and confidently master diet, training and lifestyle. Connect with Adam Mayhew: https://www.linkedin.com/in/adam-mayhew-nutrition-coaching/ To find out more about Smith & Mayhew: https://agameconsultancy.com/about/

Send us a textWe walk through Book Five of The Wealth of Nations to map a state that defends, adjudicates, and builds wisely, then pays for it without killing growth. From militias to standing armies, fee-based courts to salaried judges, turnpikes to basic schooling, and taxes to debt, we test what holds up now.• defense as a professional, civilian-controlled standing army• justice as predictable law and salaried judges• public works funded by user fees where feasible• education to offset division of labor's civic costs• incentives in universities and churches• four tax maxims and ability to pay• why land taxes beat mobile capital taxes• state property and monopolies as bad revenue• debt, consols, and fiscal illusion• Smith with Hume and public choice echoesWe do have one more episode, which is a summing up and taking stock of why the Wealth of Nations still matters today. It will post Tuesday, February 24th, 2026.If you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com ! You can follow Mike Munger on Twitter at @mungowitz

Keith challenges the usual "overpopulated vs. underpopulated" debate and shows why that's the wrong way to think about demographics—especially if you're a real estate investor. Listeners will hear about surprising global population comparisons that flip common assumptions.  Why raw population numbers don't actually explain housing shortages or rent strength. How household formation, aging, and migration really drive demand for rentals. Which kinds of markets tend to see persistent housing pressure—and why the US has a long‑term demographic edge. You'll come away seeing population headlines very differently, and with a clearer lens for spotting where future housing demand is most likely to show up. Episode Page: GetRichEducation.com/590 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold  0:01   Keith, welcome to GRE. I'm your host. Keith Weinhold, is the world overpopulated or underpopulated? Also is the United States over or underpopulated? These are not just rhetorical questions, because I'm going to answer them both. Just one of Africa's 54 nations has more births than all of Europe and Russia combined. One US state has seen their population decline for decades. This is all central to housing demand today. On get rich education   Keith Weinhold  0:36   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Speaker 1  1:21   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:31   Welcome to GRE from Norfolk Virginia to Norfolk, Nebraska and across 188 nations worldwide, you are inside. Get rich education. I am the GRE founder, Best Selling Author, longtime real estate investor. You can see my written work in Forbes and the USA Today, but I'm best known as the host of this incomprehensibly slack John operation that you're listening to right now. My name is Keith Weinhold. You probably know that already, one reason that we're talking about underpopulated versus overpopulated today is that also one of my degrees is in geography and demography, essentially, is human geography, and that's why this topic is in my wheelhouse. It's just a humble bachelor's degree, by the way, if a population is not staying stable or growing, then demand for housing just must atrophy away. That's what people think, but that is not true. That's oversimplified. In some cases. It might even be totally false. You're going to see why. Now, Earth's population is at an all time high of about 8.2 billion people, and it keeps growing, and it's going to continue to keep growing, but the rate of growth is slowing now. Where could all of the people on earth fit? This is just a bit of a ridiculous abstraction in a sense, but I think it helps you visualize things. Just take this scenario, if all the humans were packed together tightly, but in a somewhat realistic way, in a standing room only way, if every person on earth stood shoulder to shoulder, that would allow about 2.7 square feet per person, they would sort of be packed like a subway car. Well, they could fit in a square, about 27 kilometers on one side, about 17 miles on each side of that square. Now, what does that mean in real places that is smaller than New York City, about half the size of Los Angeles County and roughly the footprint of Lake Tahoe? So yes, every human alive today could physically fit inside one midsize us metro area. This alone tells you something important. The world's problem is certainly not a lack of space. Rather, it's where people live and not how many there are. So that was all of Earth's inhabitants. Now, where could all Americans fit us residents using the same shoulder to shoulder assumption, and the US population by mid year this year is supposed to be about 350,000,00349 that's a square about five and a half kilometers, or 3.4 miles on each side. And some real world comparisons there are. That's about half of Manhattan, smaller than San Francisco and roughly the size of Disney World, so every American could fit into a single small city footprint. And if you're beginning to form an early clue that we are not overpopulated globally, yes, that's the sense that you Should be getting.     Keith Weinhold  5:01   now, if you're in Bangladesh, it feels overpopulated there. They've got 175 million people, and that nation is only the size of Iowa. In area, Bangladesh is low lying and typhoon prone. They get a lot of flooding, which complicates their already bad sanitation problems and a dense population like that, and that creates waterborne diseases, and it's really more of an infrastructure problem in a place like Bangladesh than it is a population problem. Then Oppositely, you've got Australia as much land as the 48 contiguous states, yet just 27 million people in Australia, and only 1/400 as many people as Bangladesh in density. Now we talk about differential population. About 80% of Americans live in the eastern half of the US. But yet, the East is not overpopulated because we have sufficient infrastructure, and I've got some more mind blowing population stats for you later, both world and us. Now, as far as is the world overpopulated or underpopulated, which is our central question, depending on who you ask and where they live, you're going to hear completely different answers. Some people are convinced that the planet is bursting at the seams. Others warn that we're headed for a population collapse. But here's the problem, that question overpopulated or underpopulated, it's the wrong question. It's the wrong framing, especially if you're into real estate, because housing demand doesn't respond to total headcount or global averages or scary demographic headlines. Housing demand responds to where people live, how old they are, and how they form households. And once you understand this, a lot of things suddenly begin to make sense, like why housing shortages persist, why rents stay high, even when affordability feels stretched, why some states struggle while others boom, and why population headlines often mislead investors.   Keith Weinhold  7:20   So today I want to reframe how you think about population and connect it directly to housing demand, both globally and right here in the United States. And let's start with the US, because that's probably where you invest.    Keith Weinhold  7:33   Here's a simple fact that should confuse people, but usually doesn't, the United States has below replacement fertility. I'll talk about fertility rates a little later. They're similar to birth rates, meaning that Americans are not having enough children to replace the population naturally and without immigration, the US population would eventually shrink, and yet in the US, we have a housing shortage, rising rents, tight vacancy and a lot of metros and persistent demand for rental housing, which could all seem contradictory. Now, if population alone determine housing demand, well, then the US really shouldn't have any housing shortage at all, but it does so clearly, population alone is not the main driver, and really that contradiction is like your first clue that most demographic conversations are just missing the point. Aging does not reduce housing demand. The way that people think a misconception really is that an aging population automatically reduces housing demand. It does not, in fact, just the opposite. If a population is too young, well, that tends to kill housing demand, and that's because five year old kids and 10 year old kids do not form their own household. Instead, what an aging population often does is change the type of housing that's demanded, like seniors aging in place, some of them downsizing. Seniors living alone. Sometimes after a spouse passes away, others relocating closer to health care or to family. So aging can increase unit demand even if population growth slows. So already, we've broken two myths here. Slower population doesn't mean weaker housing demand, and aging doesn't mean fewer housing units are needed. Now let's explain why. Really, the core idea that unlocks everything is that people don't live inside, what are called Population units. They live in households. You are one person. That does not mean that your dwelling is then one population unit. That's not how that works. You are part of a household, whether that's a house a Household of one person or five or 11 people, housing demand is driven by the number of households, the type of households and where those households are forming, not by raw population totals. So the same population can have wildly different demand. Just think about how five people living together in one home, that's one housing unit, those same five people living separately, that is five housing units, same population, five times the housing demand. And this is why population statistics alone are almost useless for real estate investors, you need to know how people are living, not just how many there are. The biggest surge in housing demand happens when people leave their parents' homes or when they finish school or when they start working, or you got big surges in housing demand when people marry or when they separate or divorce. So in other words, adults create housing demand and children don't. And this is why a country with a youngish, working age population, oh, then they can have exploding housing demand. A country with high birth rates, but low household formation can have overcrowding without profitable housing growth. So it's not about babies, it's about independent adults, and what quietly boosts housing demand, then is housing fragmentation. Yeah, fragmentation. That's a trend that really doesn't get enough attention, and that is the trend, households are fragmenting, meaning more single adults later marriage, like I was talking about in a previous episode. Recently, higher divorce rates, more people living alone and older adults living independently, longer. Each one of those trends increases housing demand without adding any population whatsoever. When two people split up, they often need two housing units instead of one, and if you've got one adult living alone, that is full unit demand right there. So that's why housing demand can rise even when population growth slows or stalls for housing demand. What matters more than births is migration. And another key distinction is that, yes, births matter, but they're on somewhat of this 20 year delay and migration matters immediately, right now. So see, when a working age adult moves, they need housing right away. They typically rent first. They cluster near jobs, and they don't bring housing supply along with them. They've got to get it from someone else. Hopefully you in your rental unit.    Keith Weinhold  12:57   This is why migration is such a powerful force in rental markets, and you see me talk about migration on the show, and you see me send you migration maps in our newsletter. It's also why housing pressure shows up unevenly. It gets concentrated around opportunity. If you want to know the future, look at renters. Renters are the leading indicator, not homeowners and not birth rates. See renters create housing demand faster than homeowners, because renters form households earlier. They can do it quickly because they don't need down payments. Renters move more frequently and immigration overwhelmingly starts in rentals, fresh immigrants rarely become homeowners, so even when mortgage rates rise or home purchases slow or affordability headlines get scary, rental demand can stay strong. It's not a mystery, it's demographics. So births surely matter, but only over the long term. It's like how I've shared with you in a previous episode that the US had a lot of births between 1990 and 2010 those two decades, a surge of births more than 4 million every single one of those years during those two decades, with that peak birth year at 2007 but see a bunch of babies being born in 2007 Well, that didn't make housing demand surge, since infants don't buy homes. But if you add, say, 20 years to 2007 when those people start renting, oh, well, that rental demand peaks in 2027 or maybe a little after that, and since the first time, homebuyer age is now 40. If that stays constant, well, then native born homebuyer demand won't peak until 2047 so when it comes to housing demand, the important thing to remember is migration has an immediate effect and births have a delayed effect.    Keith Weinhold  15:02   and I'm going to talk more about other nations shortly, but the US has two major migration forces working simultaneously, domestic and international migration. I mean, Americans move a lot, although not as much as they used to, and people move for jobs, for taxes, for weather, for cost of living and for lifestyle. So this creates state level winners and losers, and Metro level housing pressure and rent growth in those destination markets and national population averages totally hide this. So that's domestic migration. And then on the international migration. The US has a long history, hundreds of years now on, just continually attracting working age adults from around the world. This matters immensely, because they arrive ready to work, and they form households quickly. They overwhelmingly rent first. They concentrate in metros, and this props up rental demand before it ever shows up in home prices. And this is why investors often feel the rent pressure first those rising rents.    Keith Weinhold  16:17   I've got more straight ahead, including Nigeria versus Europe, and what about the overpopulation straining the environment? If you like, episodes that explain why housing behaves the way it does, rather than just reacting to the headlines. You'll want to be on my free weekly newsletter. I break down demographics, housing, demand, inflation, investor trends and real estate strategy in plain English, often complemented with maps. You can join free at greletter.com that's gre letter.com   Keith Weinhold  16:53   mid south homebuyers with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your return on investment as their North Star. It's no wonder smart investors line up to get their completely renovated income properties like it's the newest iPhone headquartered in Memphis, with their globally attractive cash flows, mid south has an A plus rating with the Better Business Bureau and 4000 houses renovated. There is zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate with an industry leading three and a half year average renter term. Every home they offer you will have brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter in an astounding price range, 100 to 150k GET TO KNOW mid south enjoy cash flow from day one at mid southhomebuyers.com that's midsouthhomebuyers.com   Keith Weinhold  17:54   you know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom, family investments.com/gre, or send a text. Now it's 1-937-795-8989Yep. Text their freedom coach directly again. 1937795, 1-937-795-8989,   Keith Weinhold  19:05   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Chris Martenson  19:37   this is peak prosperity. Is Chris Martinson. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  19:53   Welcome back to get rich Education. I'm your host, Keith Weinhold, and this is episode 590 yes, we're in my Geography wheelhouse today, as I'm talking human geography and demographics with how it relates to housing, while answering our central question today is the world and the US overpopulated or underpopulated? And now that we understand some mechanics here, let's go global. Here's one of the most mind bending stats in all of demographics. Are you ready for this? When you hear this, it's going to have you hitting up chat, GPT, looking it up. It's going to be so astonishing. So jaw dropping. Every year, Nigeria has more births than all of Europe plus all of Russia combined. Would you talk about Willis?   Keith Weinhold  20:47   Yeah, yes, you heard that, right? Willis, that's what I'm talking about. Willis. The source of that data is, in fact, from the United Nations. Yes, Nigeria has seven and a half million births every year. Compare that to all of Europe plus Russia combined, they only have about 6.3 million births per year. So you're telling me that today, just one West African nation, and there are 54 nations in Africa. Just one West African nation produces more babies than the entire continent of Europe, with all of its nations plus all of Russia, the largest world nation by area. Yes, that is correct. One country in Africa produces more babies every year than France, Germany, Italy, Spain, the UK, all of Europe, including all the Eastern European nations, and all of Russia combined. This is a demographic reality, and now you probably already know that less developed nations, like Nigeria have higher birth rates than wealthier, more developed ones like France or Switzerland. I mean, that's almost common knowledge, but something that people think about less is that poorer nations also have a larger household size, which sort of makes sense when you think about it. In fact, Nigeria has five persons per household. Spain has two and a half, and the US also has that same level two and a half. That one difference alone explains why population growth and housing demand are completely different stories now, the US had 3.3 people per household in 1950 and it's down to that two and a half today. That means that even if the population stayed the same, the housing demand would rise. And this is evidence of what I talked about before the break, that households are fragmenting within the US. You can probably guess which state has the largest household size due to their Mormon population. It's Utah at 3.1 the smallest is Maine at 2.3 they have an older population. In fact, Maine has America's oldest population. And as you can infer with what you've learned now, the fact that they have just 2.3 people per household means that if their populations were the same. Maine would need more housing units than Utah. By the way, if you're listening closely at times, I have referred to the United States as simply America. Yes, I am American. You are going to run into some people out there that don't like it. When US residents call themselves Americans, they say something like, Hey, you need a geography lesson. America runs from Nunavut all the way down to Argentina. Here's what to tell them. No, look, there are about 200 world nations. There is only one that has the word America in it, that is the United States of America that usually makes them lighten up. That is why I am an American, not a Peruvian or Bolivian, and there's no xenophobic connotation whatsoever. There are more productive things to think about moving on. Why births matter is because births today become future workers, renters, consumers and even migrants. But not evenly. Young populations move toward a few things. They're attracted to capital. They move towards stability. They're attracted to opportunity, and young populations move toward infrastructure. That's not ideology, that's the gravity and the US remains one of the strongest gravity wells on Earth, a big magnet, a big attractant. Now it's sort of interesting. I know a few a People that believe that the world is indeed overpopulated, they often tend to be environmental enthusiasts, and the environment is a concern, for sure, but how big of a concern is it? That's the debatable part. And you know, it's funny, I've run into the same people that think that the world is overpopulated, they seem to lament at school closures. You see more school closures because just there weren't as many children that were born after the global financial crisis. And these people that are afraid we have an overpopulation problem call school closures a sad phenomenon. They think it's sad. Well, if you want a shrinking population, then you're going to see a lot more than just schools close so many with environmental concerns, though. The thing is, is that they seem to discount the fact that humans innovate. More than 200 years ago, Thomas Malthus, he famously failed. He wrote a book, thinking that the global population would exceed what he called his carrying capacity, meaning that we wouldn't be able to feed everybody. He posited that, look, this is a problem. Populations grow exponentially, but food production only grows linearly. But he was wrong, because, due to agricultural innovation, we have got too many calories in most places. Few people thought this many humans could live in the United States, Sonoran and Mojave deserts, that's Phoenix in Las Vegas, respectively. But our ability to recycle and purify water allows millions of people to live there. So my point about running out of resources is that history shows us that humans are a resource ourselves, and we keep finding ways to innovate, or keep finding ways to actually not need that rare earth element or whatever it is now, if the earth warms too much from human related activity, can we cool it off again? And how much of a problem is this? I am not sure, and that goes beyond the scope of our show. But the broader point here is that history shows us that humans keep figuring things out, and that is somewhat of an answer to those questions. The world is not overpopulated, it is unevenly populated. Some regions are young, others are growing, others are capital constrained, and then other regions are aging, shrinking and capital rich. And that very imbalance right there is what fuels migration and fuels labor flows and fuels housing demand in destination countries and the US benefits from this imbalance. Unlike almost anywhere else in the world, it's a demographic magnet. Yes, you do have some smaller ones out there, like Dubai, for example.    Keith Weinhold  28:04   But why? Why do we keep attracting immigrants? Well, we've got strong labor markets, capital availability, property rights, economic mobility, and US has existing housing stock. Countries today don't just compete for capital, they're competing for people. In the US keeps attracting working age adults, and that is exactly the demographic that creates housing demand, and this is why long term housing demand in the US is more resilient than a lot of people think. In fact, the US population of about 350 million. This year, it's projected to peak at about 370 million, near 2080 and of course, the big factor that makes that pivot is that level of immigration. So that's why the population projections vary now. The last presidential administration allowed for a lot of immigrants. The current one few immigrants, and the next one, nobody knows. You've got a group called the falconist party that calls for increased legal immigration into the US. Yeah, they want to allow more migrants into the country, but yet they want to enforce illegal immigration. That sounds just like it's spelled, F, A, L, C, O, N, i, s, t, the falconist Party, but the us's magnetic effect to keep driving population growth through immigration is key, because you might already know that 2.1 is the magic number you need a fertility rate of at least 2.1 to maintain a population fertility rate that is the average number of children that a woman is expected to have over her lifetime. And be sure you don't confuse these numbers with the earlier numbers of people per. Per household, like I discussed earlier, although higher fertility rates are usually going to lead to more people per household, India's fertility rate is already down to 2.0 Yes, it is the most populated nation in the world, but since women, on average, only have two children, India is already below replacement fertility. The US and Australia are each at 1.6 Japan is just 1.2 China's is down to 1.0 South Korea's is at an incredibly low seven tenths of one, so 0.7 in South Korea, and then Nigeria's is still more than four. So among all those that I mentioned, only Nigeria is above the replacement rate of 2.1 and most of the nations above that rate are in Africa. Israel is a big outlier at 2.9 you've got others in the Middle East and South Asia that are above replacement rate as well. And when I say things like it's still up there, that whole still thing refers to the fact that there is this tendency worldwide for society to urbanize and have fewer children. For those fertility rates to keep falling. And that's why the future population growth is about which nations attract immigrants, and that is the US. Is huge advantage. Now there's a great way to look at where future births are going to come from. A way to do this is consider your chance of being born on each continent in the year 2100 This is interesting. In the year 2100 a person has a 48% chance of being born in Africa, 38% in South Asia, in the Middle East, 5% South America, 5% in Europe or Russia, 4% in North America, and less than 1% in Australia. Those are the chances of you being born on each of those continents in the year 2100 and that sourced by the UN.   Keith Weinhold  32:09   the world population is, as I said earlier, about 8.2 billion, and it's actually expected to peak around the same time that the US population is in the 2080s and that'll be near 10 point 3 billion. All right, so both the world and the US population should rise for another 50 to 60 years. Let's talk about population winners and losers inside the US. I mean, this is where population conversations really become useful for investors, because population doesn't matter nationally that much. It really matters locally, unevenly and sometimes it almost feels unfairly. So let me give you some perspective shifting stats. I think I shared with you when I discussed new New York City Mayor Zoran Manami here on the show a month or two ago, that the New York City Metro Area has over 20 million people, nearly double the combined population of Arizona and Nevada together, yes, just one metro area, the same as Two entire sparsely populated states. So when someone says people are leaving New York I mean that tells you almost nothing, unless you know where they're going. How many are still arriving in New York City to replace those leaving, and how many households are still forming inside that Metro? The household formation so scale matters, however, net, people are not leaving New York. New York City recently had more in migration than any other US Metro. Some states are practically empty. Alaska or take Wyoming. Wyoming has fewer than 600,000 people in the entire state. That's fewer people than a lot of single US cities. That's only about six people per square mile. In Wyoming, that's about the population of one midsize Metro suburb. Now, when someone says the US has plenty of land in a lot of cases, they're right. I mean, just look out the window when you fly over Wyoming or the Dakotas. But people don't really live where land is cheap. They actually don't want to. Most of the time. They live where jobs, incomes and their networks already exist. You know, the wealthy guy that retires to Wyoming and it has a 200 acre ranch is an outlier. There's a reason he can sprawl out and make it 200 acres. There's virtually nobody there. Let's understand too that population loss, that doesn't mean that demand is gone, but it does change the rules, especially when you think about a place like West Virginia. They have lost population in most decades since the 1950s and incredibly, their population is lower today than it was in 1930 we're talking about West Virginia statewide. They have an aging population. West Virginia has an outmigration of young adults. So this doesn't mean that no real estate works in West Virginia, but it means that appreciation stories are fragile. Income matters more than equity. Growth and demographics are a headwind, not a tailwind. That's a very different investment posture than where you usually want to be. It's important to understand that a handful of metros, just a handful, are absorbing massive national growth. And here's something that a lot of investors underestimate. About half of all US, population growth flows into fewer than 15 metro areas, and it's not just New York City, Houston, Miami, but smaller places like Jacksonville, Austin and Raleigh, and that really helps pump their real estate market. So that means demand concentrates, housing pressure intensifies, and rent growth becomes pretty sticky, unless you wildly overbuild for a short period of time like Austin did, and this is why some metros just feel perpetually tight over the long term, and others feel permanently sluggish. Population does not spread evenly. It piles up. In fact, Texas is a great case in point here. Understand that Texas is adding people faster than some entire nations do. Texas alone adds hundreds of 1000s of residents per year in strong cycles. Some years, they do add more people than entire small countries, more than several Midwest states combined. And of course, they don't spread evenly across Texas. They cluster in DFW, Houston, Austin and San Antonio, so pretty much the Texas triangle, and that clustering fact is everything for housing demand, yet at the same time, there are fully 75 Texas counties that are losing population, typically out in West Texas. Then there's Florida. Florida isn't just growing. It's replacing people. Florida's growth. It's not just net positive, it's replacement migration, and it's across all different types and ages. You've got retirees arriving, you've got young workers arriving, you've got young households forming, and you've got seniors aging in place. So this way, among a whole spectrum of ages, you've got demand for rentals, workforce housing, age specific, housing and multifamily all in Florida, and this is why Florida housing demand over the long term is not going to cool off the way that a few skeptics expect. Now, of course, some areas did temporarily overbuild in Florida in the years following the pandemic. Yes, that's led to some temporary Florida home price attrition, but that is going to be absorbed. California did not empty out. It reshuffled now. There were some recent years where California lost net population, but here's what that hides. Some metros lost residents. Others stayed flat. You had some income brackets that left California and others arrived. In fact, California has slight population growth today overall, so housing demand definitely did not vanish. It shifted within the state and then outward to nearby states, and that's how Arizona, Nevada and Texas benefited. But overall, California's population count, really, it's just pretty steady, not declining.   Keith Weinhold  39:05   population density. It's that density that predicts rent pressure better than growth rates. Do something really important for real estate investors. Dense metros absorb shocks better. They have less elastic housing supply, and they see faster rent rebounds. Sparse areas have cheaper land and easier supply expansion and weaker rent resilience. So that's why rents snap back faster in dense metros, and oversupply hurts more in spread out to regions. Density matters more than raw growth does. Shrinking states can still have tight housing I mean, some states lose population overall, but yet they still have housing shortages in certain metros, and you'll have tight rental markets near job centers, and you've got strong demand In limited sub markets, even if the state is shrinking. And I think you know this is why the slower growing Northeast and Midwest, they've had the highest home price appreciation in the past two years. There's not enough building there. If your population falls 1% but the available housing falls 2% well, you can totally get into a housing shortage situation, and that bids up real estate prices. And when people look at population charts on the state level, a lot of times, they still get misled. When you buy an investment property, you don't buy a state, you buy a specific market within it, so the United States is not full it is lopsided. The US is not overpopulated. It is heavily clustered. It's unevenly dense, and it's really driven by migration. And perhaps a better way to say it is that the US population is really opportunity concentrated housing demand follows jobs, networks, wages and migration flows. It sure does not follow empty land. And really the investor takeaway is, is that when you hear population stats, don't put too much weight on the question, is the population rising or falling? Although that's something you certainly want to know. Some better questions to ask are, where are households forming? Where are adults moving? Where is supply constrained? And where does income support, rent like those are, what four big questions there, because population alone does not create housing demand. It's households under constraint that do so. Our big arching overall question is the world overpopulated or underpopulated? The answer is neither. The world is unevenly populated. It's unevenly aged, and it's unevenly governed. And for real estate investors, the lesson is simple. You don't invest in population counts, you invest in household formation, age structure, migration and supply constraints. Really, that's a big learning summary for you, that's why housing demand can stay strong even when population growth slows. And once you understand that demographic headlines that seem scary aren't as scary, and they start to be more useful. Why I've wanted to do this overpopulated versus underpopulated episode for you for years. I've really thought about it for years. I really hope that you got something useful out of it. Let's be mindful of the context too. When it comes to the classic Adam Smith economics of supply demand, I've only discussed one side today, largely just the demand side and not the supply side so much that would involve a discussion about building and some more things that supply side. Now that I've helped you ask a better question about population and the future of housing demand, you might wonder where you can get better answers. Well, like I mentioned earlier, I provide a lot of that and help you make sense of it, both right here on this show and with my newsletter, geography is something that's more conducive and meaningful to you visually, that's often done with a map, and that's why my letter at greletter.com will help you more if you enjoy learning through maps, just like we've done every year since 2014 I've got 52 great episodes coming to you this year. If you haven't consider subscribing to the show until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 2  43:57   Nothing on this show should be considered specific, personal or professional advice, please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively you   Keith Weinhold  44:25   The preceding program was brought to you by your home for wealth, building, get richeducation.com

In this episode, we're joined by Adam Smith, former Sacramento Republic FC Assistant Head Coach (2014–2017), current MLS scout for Charlotte FC, and part of the group working to bring a new USL team and stadium to Fresno. Adam shares the latest updates on the Fresno USL project, what's happening behind the scenes, and why this moment is so important for soccer in the Central Valley. We also look back at his time coaching Fresno FC, including stories from the sidelines and lessons learned during his years in USL. Adam talks about his experiences with Fresno FC and Central Valley Fuego, and shares insight into his current role as a scout for Charlotte FC. Plus, we take a look at Sacramento Republic's newest signing, Kyle Edwards, who joins the club from Hartford Athletic, and discuss what he could add to the squad. Intro/Outro Music: "The Descent" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 4.0 License http://creativecommons.org/licenses/by/4.0/ Support State of the Republic by contributing to their tip jar: https://tips.pinecast.com/jar/state-of-the-republic

Matthew 5:21–26 | Adam Smith

Matthew 5:21–26 | Adam Smith

What would your life look like if you operated at your absolute peak—mentally, physically, and emotionally? In this transformative episode of The Self Esteem and Confidence Mindset, we sit down with performance coach Adam Smith to explore how optimizing your performance and making the life-changing decision to give up alcohol can unlock levels of clarity, energy, confidence, and success you never thought possible.Adam shares his personal journey of quitting alcohol, how it transformed his performance and life, and the strategies he uses to help high-performers reach their full potential without relying on substances that numb, distract, or hold them back. If you're questioning your relationship with alcohol or ready to level up your performance, this conversation is a game-changer.You can find more here:https://www.youtube.com/@a-gameconsultancyhttps://www.linkedin.com/in/adam-smith-high-performance-coach/

Last Resort Network proudly presents its very own book club! Zach, Ben and Micah in three parts will work through Adam Smith's "The Theory of Moral Sentiments", a notable work that creates many of his moral arguments for his most famous work "The Wealth of Nations". The crew dig through Smith's thoughts on sympathy and seek to understand the foundational worldview that guides Smith's arguments. Don't miss out on this unique show!Instagram-@TheMovieVaultPodEmail us- themovievaultpod@gmail.comYouTube - https://www.youtube.com/@lastresortnetworkThis episode is brought to you by Point A Insurance (formerly Hedman Anglin Agency). Contact them at 614-486-7300 for your home and auto insurance needs. If you do contact them, make sure to tell them that Ben and Zach sent you! Visit their website for more information at www.PointAInsurance.com

In this episode, our host and CEO, Ross Overline reflects on what Scholars of Finance built in 2025—and what 2026 demands from finance leaders in a rapidly changing world.Released on Martin Luther King Jr. Day, this episode starts with a question that sits at the heart of SOF's mission: What kind of society are we trying to build—and what responsibility does capital carry in it? From there, Ross shares a clear look back at SOF's growth in 2025—tripling leadership development for students and serving 4,000+ future finance leaders—before laying out SOF's 2026 theme: Adaptive Excellence.Episode Segments:Growth in 2025: A behind-the-scenes look at how SOF strengthened student formation, expanded chapter presence, and grew the community supporting principled finance leadership.2026: Adaptive Excellence in the Age of AI: A candid assessment of what's changing in finance—AI, automation, and rising competition—and what it means to stay both excellent and values-grounded. Ross shares how SOF will evolve curriculum, coaching, partnerships, and alumni support to keep members on the leading edge.Generosity as a Moral Requirement of Capitalism: Zooming out, Ross reflects on a fractured society and the growing tension between individualism and collectivism—drawing on MLK and Adam Smith to make a case for generosity as a form of moral leadership. The episode closes with a simple challenge: if excellence is rising, generosity must rise with it.Whether you're a student entering the industry, an alum navigating early career, or a senior leader shaping institutions, this episode is designed to re-anchor your year in character—and to raise the bar for what leadership in finance can look like.

Political Tribalism with Lauren HallPolitical scientist Lauren Hall joins Michael Liebowitz for a wide-ranging discussion on political tribalism—how identity, loyalty, and moral signalling have displaced judgment, moderation, and principled disagreement in modern politics.Lauren Hall brings a rare combination of scholarly depth and cultural clarity to the conversation. Drawing on the classical liberal tradition and her work on family, moderation, and the moral limits of politics, she examines how tribal thinking corrodes institutions, distorts public debate, and turns politics into a substitute for meaning. The discussion explores why societies fracture when politics becomes a moral identity—and what intellectual resources exist for restoring restraint, pluralism, and seriousness to public life.This episode is a thoughtful examination of ideas over slogans, and persuasion over power—an essential listen for anyone concerned with the health of liberal society.Disclaimer:The views expressed by Lauren Hall are her own, and not necessarily reflective of her employer or anyone with whom she works.About Lauren HallLauren Hall is Professor and Associate Dean of Academic Affairs at the Rochester Institute of Technology, College of Liberal Arts. She is the author of The Medicalization of Birth and Death (Johns Hopkins University Press, 2019) and Family and the Politics of Moderation (Baylor University Press, 2014), and co-editor of a volume on the political philosophy of Chantal Delsol.Her scholarship engages deeply with the classical liberal tradition, including extensive writing on Edmund Burke, Adam Smith, and Montesquieu.About Michael Liebowitz – Host of The Rational EgoistMichael Liebowitz is the host of The Rational Egoist podcast, a philosopher, author, and political activist committed to the principles of reason, individualism, and rational self-interest. Deeply influenced by the philosophy of Ayn Rand, Michael uses his platform to challenge cultural dogma, expose moral contradictions, and defend the values that make human flourishing possible.His journey from a 25-year prison sentence to becoming a respected voice in the libertarian and Objectivist communities is a testament to the transformative power of philosophy. Today, Michael speaks, writes, and debates passionately in defence of individual rights and intellectual clarity.He is the co-author of two compelling books that examine the failures of the correctional system and the redemptive power of moral conviction:Down the Rabbit Hole: How the Culture of Corrections Encourages Crimehttps://www.amazon.com.au/Down-Rabbit-Hole-Corrections-Encourages/dp/197448064XView from a Cage: From Convict to Crusader for Libertyhttps://books2read.com/u/4jN6xjAbout Xenia Ioannou – Producer of The Rational EgoistXenia Ioannou is the producer of The Rational Egoist, responsible for overseeing the publishing, presentation, and promotion of each episode to ensure a consistent standard of clarity, professionalism, and intellectual rigour.She is the CEO of Alexa Real Estate, a property manager and entrepreneur, and serves on the Board of Directors of the Ayn Rand Centre Australia, where she contributes to the organisation's strategic direction and public engagement with ideas centred on reason, individual rights, and human freedom.Xenia also leads Capitalism and Coffee – An Objectivist Meetup in Adelaide, creating a forum for thoughtful discussion on philosophy and its application to everyday life, culture, and current issues.Join Capitalism and Coffee here:https://www.meetup.com/adelaide-ayn-rand-meetup/Follow Xenia's essays on reason, independence, and purposeful living at her Substack:https://substack.com/@xeniaioannou?utm_source=user-menuBecause freedom is worth thinking about — and talking about.#TheRationalEgoist #LaurenHall #PoliticalTribalism #ClassicalLiberalism #Reason #IndividualRights #FreeThought #IntellectualHonesty #MichaelLiebowitz #XeniaIoannou

Why a federal judge accused Trump administration officials of engaging in an “unconstitutional conspiracy,” and what it means for the future of free speech in America; Rep. Adam Smith goes in on Trump's misadventures in Venezuela, Greenland and Iran; Trump's latest threat to place tariffs on American allies; and we go inside the current state of Trump's economy To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Everyone knows putting yourself around the right people is important. Easier said than done. Some people only seem to drag you down. Others are good for you, but don't have much time for you. They're busy. And so are you. Then there are moments where you're surrounded by good people, but all your interactions just seem to skim the surface. You want more. But you don't want to make it weird. Is that even avoidable? If you can't become your best self all by yourself, where do you go from here? If you're new with us, let us know how we can be praying for you, we invite you to fill out an online Connect Card by visiting https://southhillschurch.churchcenter.com/people/forms/91550—If you are looking for what is next for you, we invite you to fill out an online “Next Steps” card by visiting https://southhillschurch.churchcenter.com/people/forms/672517To give with us select the Give tab on the Church Center App or visit https://southhills.org/giving/ and select the Corona Fund or Corona BOW Fund—Visit our Linktree to find out more about everything mentioned in today's message or follow along with the message slides:https://linktr.ee/SouthHillsCorona —To RSVP for On-Campus Events select the Events tab on the Church Center App or visit https://southhills.org/corona/

Matthew 5:17–20 | Adam Smith

Matthew 5:17–20 | Adam Smith

Rep. Adam Smith is the ranking member of the House committee that's supposed to have oversight on the Department of Defense—yes, that's what he still calls it. But from strikes on Venezuela to ICE surges in Minneapolis, “oversight” isn't a key function of Congress these days.Guest: Rep. Adam Smith, ranking member of the House Armed Services Committee, representative from Washington's Ninth District.Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen.Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther. Hosted on Acast. See acast.com/privacy for more information.

Rep. Adam Smith is the ranking member of the House committee that's supposed to have oversight on the Department of Defense—yes, that's what he still calls it. But from strikes on Venezuela to ICE surges in Minneapolis, “oversight” isn't a key function of Congress these days.Guest: Rep. Adam Smith, ranking member of the House Armed Services Committee, representative from Washington's Ninth District.Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen.Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther. Hosted on Acast. See acast.com/privacy for more information.

Rep. Adam Smith is the ranking member of the House committee that's supposed to have oversight on the Department of Defense—yes, that's what he still calls it. But from strikes on Venezuela to ICE surges in Minneapolis, “oversight” isn't a key function of Congress these days.Guest: Rep. Adam Smith, ranking member of the House Armed Services Committee, representative from Washington's Ninth District.Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen.Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther. Hosted on Acast. See acast.com/privacy for more information.

Rep. Kelly Morrison discusses being blocked from entering an ICE facility in Minneapolis; remembering Renee Good; Rep. Adam Smith discusses President Trump's true intentions for Venezuela and Greenland, and how it may preview a new era of American Imperialism To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We all want our lives to matter. We want to make a difference, have an impact, leave a legacy, change the world. But how's that going to work? Because you're you, living here… on a limited budget. Sure, there's stuff you could do, but most of it is so… common. You're destined for big things. It's just that no one will give you the opportunities you deserve. But what if the most life-changing opportunities are the ones you already have access to? What might happen if you decided to start small and fill the needs you found, instead of waiting for something profound? If you're new with us, let us know how we can be praying for you, we invite you to fill out an online Connect Card by visiting https://southhillschurch.churchcenter.com/people/forms/91550—If you are looking for what is next for you, we invite you to fill out an online “Next Steps” card by visiting https://southhillschurch.churchcenter.com/people/forms/672517To give with us select the Give tab on the Church Center App or visit https://southhills.org/giving/ and select the Corona Fund or Corona BOW Fund—Visit our Linktree to find out more about everything mentioned in today's message or follow along with the message slides:https://linktr.ee/SouthHillsCorona —To RSVP for On-Campus Events select the Events tab on the Church Center App or visit https://southhills.org/corona/

A Washington Democrat wants to change rules around license plate readers. Rep. Adam Smith says that Congress needs to step in and rein in the ‘choas’ of college football after UW’s QB transferred. UW study shows Washington teens distracted by phones, which is prompting a push to ban them. // Big Local: The News Tribune analyzes whether Sheriff Keith Swank spends too much time on X. Tacoma is adding more traffic cameras. Spokane leaders propose land‑value tax pilot to curb land speculation and address housing crisis. // You Pick the Topic: Young people are increasingly dropping cigarettes for vaping.

Trump administration officials briefed a select group of bipartisan lawmakers on Venezuela in a classified setting this evening. One person who was in the briefing, Rep. Adam Smith, the ranking member of the House Armed Services Committee, joins Anderson to discuss what was learned. And former CIA Director and head of U.S. Central Command, retired General David Petraeus, gives his perspective on the historic U.S. military operation leading to Maduro's arrest. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tonight on The Last Word: Polls show voters are furious at the start of the midterm year. Also, New York City Mayor Zohran Mamdani promises to govern “audaciously.” Plus, Iran protests are growing amid a deepening economic crisis. And lawmakers threaten Attorney General Pam Bondi with contempt over incomplete Epstein files. Timothy Snyder, Robert Reich, Bobby Ghosh, Rep. Adam Smith, and Lisa Rubin join Ali Velshi. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.