Podcasts about economy is wrong

We are in a drastically different world from the one most of us grew up in. This has been proven by the rapid escalation in the events in the Middle East over the last six weeks. No longer are we in a world where, essentially, the US run the show. And this has huge global […]

In recent decades there has been a major restructuring of the economy from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields which increases the demand for high skilled workers. But why is it, that the US is producing a lot more innovation than other parts of the world?Edward W. Conard is an American businessman, author, and scholar. He is a New York Times-bestselling author of The Upside of Inequality: How Good Intentions Undermine the Middle Class and Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong; and a contributor to the book Income, Wealth, Consumption, and Inequality. Conard is an adjunct fellow at the American Enterprise Institute for Public Policy Research. Previously, he was a managing director at Bain Capital, where he worked closely with former presidential candidate Mitt Romney.Edward and Greg talk about how information technology led to increased productivity and how the vast majority of the benefits generated by these technological advances go to the consumers and only a tiny fraction is captured by the people that are in the business of producing it. They also discuss why the argument that the middle class is being hollowed out is wrong, and Edward's strategy for increasing wages for the middle and working classes.Episode Quotes:The constraint to growth in the world04:52: We can't afford to waste our talent because we have a lot less of it. And we have a lot more need from our population in terms of the economic help they need in order to live a happy life and in our economy. Because we have a lot of talent, a lot of it is not properly trained, and ultimately, we have to get the properly trained talent to take risks. (05:20) Because if all we do is our doctor or lawyer, they're not going to increase productivity. They're not going to produce innovation. And so that is the constraint to growth in our economy, it's probably the constraint to growth in the world.41:41: The lack of talent is a real constraint in trying to get things done. Not only find the ideas but reduce the risk. And so that's a very important piece of it. This whole risk with our savings gives the impression that capital's really cheap.How ideas affect taxes07:22: If you have great ideas, the tax rate is going to matter a lot because you're multiplying by the tax rate. If you don't have good ideas, it doesn't matter if you have zero times in a high or a low tax; then we're still going to be zero.Two effects of properly trained talent 39:41: Properly trained talent has two effects. One is that it goes out and finds the ideas because, without talent, you don't find the ideas. But the second thing it does is reduce the risk of implementing those ideas. So it has this risk-reducing function.Show Links:Recommended Resources:Thomas PikettyEquality and Efficiency: The Big Tradeoff by Arthur Okun Guest Profile:Professional at American Enterprise InstituteEdward Conard's WebsiteEdward Conard on LinkedInEdward Conard on TwitterEdward Conard on YoutubeEdward Conard on FacebookHis Work:Articles in National ReviewThe Upside of Inequality: How Good Intentions Undermine the Middle Class Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong The Economics of Inequality in High-wage Economies By Edward Conard

“The inflation target is, pardon my French, bullshit. And it's supposed to be: it reinforces the idea that the Federal Reserve is a central bank, and therefore, it is targeting inflation and just responsible for inflation; but it simply reinforces what the Federal Reserve actually does, which is trying to manipulate opinions and emotions.”— Jeff SniderJeff Snider is co-host of the Eurodollar University podcast and Head of Global Research at Atlas Financial Advisors. In this interview, we discuss the fundamentals of money, how the Eurodollar controls the global monetary system, and signals of a deflationary depression. - - - - The common narrative about the global economy is bleak. Money printing by central banks has been out of control. This new money fed into the economy and resulted in runaway inflation. Years of interest cuts to stimulate economies means cash is now trash, whilst economies are stagnating. Debt is unmanageable. The search for alpha is focused on wealth protection. But others think this narrative is wrong. Our perceived reality is a mirage. Central banks are not in control of the levers of money, they are mere bystanders playing the role of the wizard behind the curtain. The global monetary system is controlled by an opaque and unregulated dollar exchange market developed in the 1950s: the Eurodollar system.The Eurodollar market is sending signals that defy the forecasts that inflation will endure. The market predicts inflation will be transitory. In its wake, an aggressive period of deflation will soon rock the global economic order. Various economists over time have argued that whilst inflation is damaging, deflation is a worse evil. It has been blamed for depressions throughout history. If these forecasts are right, we could be about to enter a period of significant economic stress.Whilst there is consensus on the cause of the current economic malaise, i.e. profligate behaviours within the financial industry, opinions on solutions couldn't be more different. Those who follow Eurodollar signals believe global financial systems need more US dollars in the form of debt. A lack of liquidity is leading to a lack of risk-taking that is hurting the global economy.So, as we stand on the brink of widespread societal hardship, we have a representation of cause and response at odds with conventional wisdom. With the stakes so high, can we afford to reject these emergent opinions?- - - - This episode's sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesBitcasino - The Future of Gaming is herePacific Bitcoin - Bitcoin‑only event, Nov 10 & 11, 2022Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hostingCake Wallet - Open-source, privacy-focused Bitcoin walletBCB Group - Global digital financial Services-----WBD528 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

What does economic history have to do with a country's national identity? In Israel's case, a great deal. The myth of a socialist ideal morphing into a neo-liberal global powerhouse is captivating but contains far more complex processes, and many run contrary to the national self-image. Follow the gestation and birth of Israel's economy under the shadow of war, peace and privatization in a discussion with Dr Arie Krampf about his book “The Israeli Path to Neo-Liberalism: The State, Continuity and Change.” This season of the Tel Aviv Review is made possible by The Van Leer Jerusalem Institute, which promotes humanistic, democratic, and liberal values in the social discourse in Israel.

Ed Conard is an AEI visiting scholar who authored two top 10 New York Times bestselling books: The Upside of Inequality: How Good Intentions Undermine the MiddleClass (2016) and Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong (2012). He has written op-eds for most major news outlets and has made hundreds of media appearances. He is a retired partner at Bain Capital, where he headed the firm’s New York office. On this episode, Ed corrects the misconceptions about the middle-class wagers being squeezed by the top 1% as we are all made to believe. He gives a fresh perspective of the upsides of inequality relative to economic growth. He also shares his vision of what the U.S. economy would be like in the next couple of years. At the end of this episode, Ed discloses his own personal portfolio including how he manages his money and where he invests.   Where we are: Johnny - Bulgaria Sam - Florida   Links: Edwardconard.com   Books: The Upside of Inequality: How Good Intentions Undermine the Middle Class Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong   Time Stamps: 04:30 – The Middle Class vs. the Top 1% 06:21 – What’s driving slow growth for the middle class? 09:32 – Understanding the American economy 16:04 – Measuring GDP 18:57 – Financial stability of households now and then 23:30 – American households’ savings 26:44 – Taxes on Government Services 30:02 – To what point will taxes slow down growth? 33:38 – His stand on the Trump Economy 35:12 – What he sees in the future economy 38:32 – Ed’s personal asset allocation 41:09 – Long-term upsides of inequality   If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.    

Jason Hartman and Ed Conard, founding partner of Bain Capital, discuss the current economic situation facing America. Conard is the author of Unintended Consequences: Why Everything You've Been Told About the Economy is Wrong, and The Upside of Inequality: How Good Intentions Undermine the Middle Class. The conversation includes discussion on CEO pay, the tech industry, and the impact of current regulations on competition in the marketplace. Key Takeaways: [1:28] Ed the tremendous growth Bain Capital was able to achieve while he was there with Mitt Romney [3:30] Bain Capital offered clients the ability to invest in capital management and management supervision deals [5:07] Bain Capital also used a higher risk strategy, which allowed them to capitalize on investments in undervalued assets. [7:21] The Upside of Inequality explores the American workers productivity [12:18] The US economy is accelerating and the Fortune 400 continues to have turnover, which are both good signs for our country [14:47] CEO pay may grab headlines, but it may not be quite so outlandish [19:36] Tech companies pay less taxes and have fewer regulations [21:22] Profitability in the tech sector continues to grow [22:23] There's a profitability squeeze in most of the economy [24:45] Trained talent and risk tolerance are the limiting factors to growth in this new economy. Website: www.EdwardConard.com www.twitter.com/edwardconard

Jason Hartman talks with Ed Conard, economist, and founding partner of Bain Capital, alongside Mitt Romney. Jason and Ed talk about his New York Times Bestselling book Unintended Consequences: Why Everything You've Been Told About the Economy is Wrong, along with his soon to be released book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. The two discuss CEO pay, the technology sector, and why regulations tend to hurt companies trying to get started. Key Takeaways: [1:28] Ed discusses his time at Bain Capital with Mitt Romney, when they experienced enormous growth. [3:30] Bain Capital gave clients the opportunity to invest in capital investment and management supervision related opportunities. [5:07] Bain Capital also provided a higher risk strategy, so they could capitalize on investment opportunities of undervalued assets. [7:21] The Upside of Inequality tackles the productivity of the American worker [12:18] The US economy is picking up, and Fortune 400 companies continue to turn over, suggesting companies aren't just negotiating for a bigger piece of the pie [14:47] People may find it hard to believe, but CEO pay may not be as ludicrous as it appears [19:36] Compared to other sectors of the economy, tech companies pay less taxes and have much looser regulation [21:22] Tech sector profitability has been amazing [22:23] The economy is squeezing the profitability out of most other sectors. [24:45] The way to grow in today's economic landscape is to have trained talent and the willingness to take a risk Website: http://www.edwardconard.com https://twitter.com/edwardconard

Jason Hartman talks with Ed Conard, economist, and founding partner, with Mitt Romney, of Bain Capital. Conard wrote the New York Times Bestselling book Unintended Consequences: Why Everything You've Been Told About the Economy is Wrong and his soon to be released book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. The two discuss the misunderstandings on CEO pay, why the technology sector is doing so well, and how current regulations tend to benefit the big players in the market. Key Takeaways: [1:28] Ed discusses his time at Bain Capital with Mitt Romney, when they experienced enormous growth. [3:30] Clients of Bain Capital were given the opportunity to invest in capital investment and management supervision related opportunities. [5:07] The company also utilized a higher risk strategy, which allowed them to take advantage of investment opportunities of undervalued assets. [7:21] The Upside of Inequality delves into American workers productivity [12:18] The US economy is accelerating and we don't see a stagnant Fortune 400, which means companies aren't just negotiating for a bigger piece of the pie [14:47] While the headlines make it seem ridiculous, CEO pay may not be quite as outrageous as it appears [19:36] Tech companies pay less taxes and have lax regulation, especially when compared to other sectors, who have to continuously look for loopholes to give get a competitive advantage. [21:22] The rise of profitability in the tech sector has been extraordinary. [22:23] The economy is squeezing the profitability out of every most other sectors. [24:45] Properly trained talent and a willingness to take risk are the binding constraints to growth in this new economy. Website: http://www.edwardconard.com https://twitter.com/edwardconard

Edward Conard is the author of the New York Times top-ten bestselling book, Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong (2012), and his recent book The Upside of Inequality: How Good Intentions Undermine the Middle Class which reached #7 on the New York Times Bestsellers list and is #1  on the New York Times business book list month. He is a visiting scholar at the American Enterprise Institute. and former Bain Capital partner. Ed Conard has debated economists, policymakers and journalists on topics related to inequality, the 2008 mortgage crisis, and the U.S. budget. He has appeared on television over 150 times, most notably when he debated Jon Stewart in one of the longest interviews in the Daily Show’s history. Ed has also written opinion pieces for the Wall Street Journal, The New York Times, Foreign Affairs and many other respected publications. Check out all the links, books and resources mentioned by ed conard at www.economicrockstar.com/edwardconard.

Edward “Ed” Conard is the author of two top ten New York Times bestselling books: The Upside of Inequality: How Good Intentions Undermine the Middle Class and Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong (2012). Before Ed was the author he is today with top-selling books, he was just an average high school student who didn’t try hard at being a good academic. He went on to college, however, and earned a degree as an engineer because he was good at math. He went on to take a good job, but then was laid off. When Ed saw a friend got into a top-tier university he decided to apply and got in. He had a long run at a few great jobs, but he didn’t really stick with any of them. He even worked with Mitt Romney at Bank Capital… for free. You’ll have to hear this part of his story!! It is amazing. The numbers he was dealing with were absolutely mind-blowing. Ed became a partner in Bank Capital for specific reasons, one of which was his ability to close deals. But he was just a guy feeding his family in a way. It wasn’t the income that motivated him. You want to know what did? You’ll have to listen to this interesting episode of the Cash Flow Diary podcast. Learn more. LISTEN NOW.

My guest today is Ed Conard, here to discuss his recent book, The Upside of Inequality: How Good Intentions Undermine the Middle Class. He is a visiting scholar at the American Enterprise Institute and a former managing director at Bain Capital. His 2012 book, Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong was a New York Times bestseller. Because his business partner Mitt Romney was running for President at the time, many people expected the book to be a defense of the one percent. It wasn't, but this new book is! We had a wide-ranging discussion that touched on inequality, immigration, entrepreneurship, finance, and housing.  

Guest Ed Conard is an economist who worked with Mitt Romney at Bain Capital, he is the New York Times Bestselling Author of Unintended Consequences: Why everything you've been told about the economy is wrong and his upcoming book, The Upside of Inequality: How Good Intentions Undermine the Middle Class promises to educate and enlighten. Discussions during this podcast include misnomers about CEO pay, why the technology sector is wildly profitable and how a complex web of regulations may be only benefiting the big players in the market. Ed Conard Guest Interview: [3:52] Ed Conard worked at Bain Capital with Mitt Romney during which time they experienced exponential growth. [5:54] The two types of opportunities people invested with Bain Capital are capital investment and management supervision related opportunities. [7:31] Bill Bain used a higher risk strategy and took advantage of undervalued investment opportunities. [9:45] The Upside of Inequality showcases the productivity of the American work force. [14:42] Is negotiating for a bigger piece of the pie accelerating the US economy? [17:11] CEO pay may not be as outrageous as the headlines lead us to believe. [22:00] The tech sector pays less taxes and has minimal regulation as compared to other sectors who are constantly looking for regulatory loopholes to give them a competitive advantage.   [23:46] The rise of profitability in the tech sector has been extraordinary. [24:47] The economy is squeezing the profitability out of every most other sectors.   [27:09] Properly trained talent and a willingness to take risk are the binding constraints to growth in this new economy.   Mentioned in This Episode: Jason Hartman - Now with New Features! Hartman Education Edward Conard @edwardconard on Twitter

Chuck Morse and Huffington Post columnist Dave Johnson are joined by Linda Killian, author of The Swing Vote - The Untapped power of Independents and by Bain Capital executive Edward Conard, author of Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong.