Accredited Income Property Investment Specialist (AIPIS) · Jason Hartman with Scott Sharp & Daniel Miller

422: Understanding the Economy & Markets: Inflation, Rate Hikes & Real Estate, Chance Finucane

October 30, 2023·33 min·3 clips

The host explains why he opposes the gold standard, despite its perceived benefits for controlling government spending.

This episode examines the national debt, monetary policy, and the viability of a gold standard. The host, an expert for accredited real estate investors, clarifies his position on these economic foundations. He frames the discussion around long-term obligations and government spending constraints. The host cites a national debt nearing $35 trillion and unfunded liabilities potentially reaching $220 trillion. He addresses a common listener assumption that he supports a gold standard to limit government expenditure. The host explicitly states he is not in favor of returning to a gold standard. He argues that, from a practical standpoint, such a system could not possibly work now. The episode references the historical end of the gold standard on August 15, 1971. This event is described as the day President Richard Nixon removed the last tether to gold. The host notes the period of economic expansion since that 1971 transition. A key insight is the distinction between believing fiscal discipline is good and believing a specific mechanism is practical. The host suggests the scale of modern debt and obligations makes a gold standard unworkable. The mention of "unfunded mandates" or "unfunded entitlements" highlights concerns beyond the official debt figure. The historical reference to Nixon provides a concrete anchor for the discussion on monetary policy evolution. The host's repeated emphasis on practicality over ideology is a central theme. The tone is educational and declarative, aimed at clarifying the host's stance for his professional audience. The style is conversational monologue, directly addressing listener assumptions. Real estate and finance professionals interested in the macroeconomic forces affecting property investment would find this relevant. Listeners seeking a detailed debate on monetary theory or a narrative story might find the episode too brief and focused.

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