Wed, 7 August 2019
1254: Misleading Stats & Value of Labor v Capital with Dr. David Kelley, Ayn Rand & The Atlas Society
Jason Hartman and Adam start today's show discussing the size of economies across the globe and how some countries (such as Japan) are able to have such large economies with very few natural resources. They also explore a potentially misleading real estate stat.
Then Jason talks with Dr. David Kelley, founder of The Atlas Society and current Chief Intellectual Officer for the society, about the ideals of Ayn Rand and why the economic principles she laid out during her life are still applicable today, but also about how Dr. Kelley has expounded on those thoughts. They also discuss the current entitlement mentality in the United States and what dangers that presents.
[3:05] Not surprisingly, the US and China make up the largest 2 economies in the world, but some of the others are surprising
[7:49] Just because you have natural resources doesn't necessarily make your economy thrive
[13:29] Misleading mortgage delinquency stats
David Kelley Interview, Part 1
[17:12] What is the Atlas Society?
[22:55] Marx's ideals have failed time after time but people keep going back to them. Why?
[25:37] The value of labor vs the value of capital