About The AMA Team

The AMA Team has been a member since December 4th 2012, and has created 345 posts from scratch.

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The AMA Team's Recent Articles

AMA 266: Happiness & Objectivism According to Ayn Rand with Tal Tsfany, President of Ayn Rand Institute

Jason Hartman talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth.

Key Takeaways:

[2:28] What’s happening with speech on college campuses is a result of progressive philosophies

[4:16] What would Ayn Rand’s political views be in today’s world?

[7:56] Ayn Rand’s definition of happiness

[11:23] Love is a goal or value that you pursue. It’s a spiritual trade

[15:20] Ayn’s definition of selfishness

[19:18] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms

Website:

www.AynRand.org

AMA 265: Inflation or Deflation on the Horizon? with IMF’s Raghuram Rajan

Jason Hartman talks with Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist and Director of Research at the International Monetary Fund (IMF), about how community has been weakened, which has allowed competitive markets and governments to get out of balance. They also discuss what jobs will remain after automation takes off even more, mortgage rates and whether we’re headed toward inflation or deflation.

Key Takeaways:

[1:24] What the IMF is and how it differs from the World Bank

[6:20] Massive technological change tends to hit an area and hurt before the benefits kick in later

[9:30] After automation comes and takes many of the jobs, there will still be jobs that involve human interaction

[14:51] Is Raghuram seeing inflation, deflation, stagflation or what in the coming years?

[17:34] Are mortgage interest rates artificially low?

[22:17] There’s good deflation and bad deflation

Websites:

The Third Pillar: How Markets and the State Leave the Community Behind

Raghuram Rajan at Chicago Booth School of Business

AMA 264: Corruption of Capitalism in America with Blackstone co-founder David Stockman

Jason Hartman talks with David Stockman, former budget director for President Reagan, former US Representative for the 95th Congress, former partner at The Blackstone Group and author of the new book Peak Trump: The Undrainable Swamp and the Fantasy of MAGA. The two discuss Reagan’s failure to curtail spending like he’d originally wanted, the difficulty Trump is having actually “draining the swamp”, the impact of increasing debt on inflation and whether it’s sustainable.

Key Takeaways:

[3:01] Reagan got very little in way of his proposed spending cuts, but got a much bigger tax reduction than proposed, then defense spending exploded

[6:42] Trump’s problem was that he recognized the economy was failing but didn’t have a program to address it

[11:47] Does our escalating deficit mean inflation is on the horizon?

[16:08] Is our private debt really that bad?

[19:53] How investors should position themselves for the next few years

[22:42] We’ve learned in the last decade that Central Banks can’t cause inflation on a worldwide basis

Website:

Peak Trump: The Undrainable Swamp and the Fantasy of MAGA

www.DavidStockmanContraCorner.com

AMA 263: Why the Global Growth Rate Has Been Subpar with Chris Martenson

Jason Hartman talks with Chris Martenson, co-founder of PeakProsperity.com and co-author of Prosper: How to Prepare for the Future and Create a World Worth Inheriting, about how the era of abundant, cheap energy is gone and our world needs to change with it. That doesn’t mean abandoning everything we have now, but just recognizing the actual situation and adjusting our investments/behavior accordingly. Chris and Jason also discuss the future, and whether we’re going to see inflation, deflation, or a little bit of both.

Key Takeaways:

[2:03] We’re coming up to a time when humans are going to have to organize ourselves in very different ways

[4:48] There are 2 ways humans change

[10:01] It’s getting costlier and costlier to get less and less oil out of the ground

[12:36] The easy, cheap energy from the past is gone, which explains why the global growth rate for the last 15 years has been subpar

[18:37] We’re beginning to see that raising children in a dopamine heavy technological world is creating issues we hadn’t expected when it began

[23:30] We have a lot of debt in our society, so deflation is ready to take over

Website:

www.PeakProsperity.com

AMA 262: Getting America Out of Debt with Jason Franciosa

Jason Hartman talks with Jason Franciosa, CEO & co-founder of Element 26, about the time value of money. Both Jason’s are concerned about inflation, and the two look at ways you can maintain your leverage so your returns can beat inflation, as well as how you can utilize your home loans to house hack (especially if you’re in the military).

Key Takeaways:

[5:15] Jason’s 6 ways governments can get out of debt

[7:48] The time value of money

[12:26] You have to have a way to maintain the leverage you have

[17:10] How you can utilize house hacking

Website:

www.JasonHartman.com/Masters

www.Element26.co