Today Jason talks about the current state of the market and the Federal Reserve. He mentioned that while house prices have increased significantly, median household income has also seen growth. However, real house prices are still more expensive than 23 years ago. Jason also discussed the resilience of the real estate market and the human tendency to rationalize decisions. He emphasized the importance of considering economic data on a per capita basis and discussed the concept of geo-arbitrage. He warned investors about the potential risks associated with triple net leases, specifically pointing out the example of Walgreens. He also announced a free Zoom meeting to discuss a new financing program offering 2.9% owner financing on select properties.

Then Jason and economist Robert P. Murphy discuss the implications of artificial intelligence (AI) on the economy. He emphasizes that while AI advancements might lead to job displacement, historical examples show that technological progress has ultimately led to increased prosperity and specialization. Murphy acknowledges concerns about AI's potential runaway self-improvement but argues that even in scenarios where AI outpaces human capabilities, humans can still benefit from coexisting with AI. He advises considering investments in assets that AI cannot easily replicate, like land and physical resources. Murphy also touches on the potential impact of AI on cryptocurrencies like Bitcoin and the security of public ledgers in the face of AI advancements.

Key Takeaways:

Jason's editorial

2:04 Peeling back the layers of house prices

7:11 Rationalizing our decisions

9:21 GDP per capita Stats: Colombia vs. the US

10:21 Gross National Income per capita, geoarbitrage and the Hartman Comparison Index

13:02 RiteAid and Triple net leases

15:43 Join our zoom meeting August 31: owner financing as low as 2.99%. Sign up at https://www.jasonhartman.com/financing

 

Robert Murphy interview

16:46 AI and dangers it brings

19:10 Lost jobs and the convenience and prosperity AI creates 

24:38 AI and "Free Trade"

27:54 When AI goes too far

29:25 Atoms vs. Bits- Invest in things that AI cannot mass produce in the future

33:25 Blockchains and AI

https://www.bobmurphyshow.com/

 

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