This Flashback Friday is from episode 1111, published last January 14, 2019.

Jason Hartman talks with Matt Taibbi, contributing editor at Rolling Stone and author of books such as Griftopia and The Divide, about bubbles. The two explore how Fed policy has been leading to bubbles throughout the years, how Wall Street is designed to take advantage of the average citizen and what we can learn from the history of bubbles.

Key Takeaways:

6:39 Will we learn how little we actually need the government by the time this shutdown is over?

8:04 The government doesn't need to be in all these industries

Matt Taibbi Interview:

13:28 There's a pretty decent path from Fed policy to bubbles

17:58 How the Great Recession came into being

22:34 Institutions have learned how to create a bubble to profit from, but then also be prepared to make money when their own bubble bursts

26:41 As long as trades are occuring Wall Street is making money

28:31 How investment bankers are auctioning off America's infrastructure

33:11 What is the investor's lesson from the bubble machine?

Website:

www.JasonHartman.com/Masters

www.Taibbi.SubStack.com

www.RollingStone.com

 

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