http://www.blogtalkradio.com/themacroviewTheMacroView Uses History, Statistics & Logic to discuss REAL issues facing the US and the World today, mostly from a Macroeconomic standpoint.enCopyright Andrew Smith (C/O Blogtalkradio)Sat, 15 Jun 2019 04:15:00 GMTThu, 02 Mar 2017 02:30:00 GMTFinanceBlogTalkRadio Feed v2.0https://dasg7xwmldix6.cloudfront.net/hostpics/bb8514c3-9b47-4cac-b6e3-9b6092165b13_fullsizerender_2.jpghttp://www.blogtalkradio.com/themacroviewTheMacroView Uses History, Statistics & Logic to discuss REAL issues facing the US and the World today, mostly from a Macroeconomic standpoint.feeds@blogtalkradio.comBlogTalkRadio.comfinance,economics,austrian economics,macroeconomics,libertarian,austrian school of economics,public policy,politics,capitalism,entrepreneurshipThe Macro ViewnoTheMacroView Uses History, Statistics & Logic to discuss REAL issues facing the US and the World today, mostly from a Macroeconomic standpoint.episodichttp://www.blogtalkradio.com/themacroview/2017/03/02/themacroview-episode-48-eminent-domain-the-fair-market-value-mythFinancehttp://www.blogtalkradio.com/themacroview/2017/03/02/themacroview-episode-48-eminent-domain-the-fair-market-value-myth/#commentshttp://www.blogtalkradio.com/themacroview/2017/03/02/themacroview-episode-48-eminent-domain-the-fair-market-value-mythThu, 02 Mar 2017 02:30:00 GMTTheMacroView Episode 48: Eminent Domain & the "Fair Market Value" MythIn Episode 48, Host Andrew Smith discusses the perversion of the Taking Clause, why the takings clause should be removed from the Constitution via a constitutional amendment, the Kelo case, and now Pleasant Ridge vs the City of Charlestown, Indiana.  He sets the record straight regarding the "fair market value" myth, and discusses why it is economically fallacious. Now most people agree that the Kelo decision was egregious. Most people would be appalled by the situation in Charlestown, but at the same time, most people thing that the use of eminent domain is the only way to cheaply and efficiently execute upon the construction of so-called public infrastructure projects.  Andrew also discusses why eminent domain actually costs alot MORE than voluntary transactions would costs for public infrastructure costs, and why it is logically fallacious to claim that any other way of constructing roads and other so-called public infrastructure could not otherwise occur. 00:30:00The Macro ViewnoLibertarian,Liberty,Law,Constitution,US PoliticsIn Episode 48, Host Andrew Smith discusses the perversion of the Taking Clause, why the takings clause should be removed from the Constitution via a constitutiohttp://www.blogtalkradio.com/themacroview/2017/03/01/themacroview-episode-47-the-budget-increase-motiveFinancehttp://www.blogtalkradio.com/themacroview/2017/03/01/themacroview-episode-47-the-budget-increase-motive/#commentshttp://www.blogtalkradio.com/themacroview/2017/03/01/themacroview-episode-47-the-budget-increase-motiveWed, 01 Mar 2017 05:30:00 GMTTheMacroView Episode 47: The Budget Increase MotiveBureaucracies Operate Under a Different Incentive than Private Enterprise...  In private enterprise companies and even not-for-profits (with more than one donor) operate under the profit and loss motive - prices send signals to entrpreneurs, telling them what society most urgently demands be produced with the means of produciton.... Bureaucracies on the other hand, operate under the Budget Increase Motive - the sole goal is to spend their entire budget to insure they get a larger appropriation from congress the next year. Further, it prevents them from ever solving the problems... We discuss why... 00:25:00The Macro ViewnoLibertarian,Liberty Movement,Free Markets,CapitalismBureaucracies Operate Under a Different Incentive than Private Enterprise...http://www.blogtalkradio.com/themacroview/2017/02/28/themacroview-episode-46-on-the-bargaining-power-mythFinancehttp://www.blogtalkradio.com/themacroview/2017/02/28/themacroview-episode-46-on-the-bargaining-power-myth/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/28/themacroview-episode-46-on-the-bargaining-power-mythTue, 28 Feb 2017 01:00:00 GMTTheMacroView Episode 46: On The Bargaining Power MythLeft-Wing Economist and Politicians use the fallacious claim that "low skill workers have no bargaining power" to justify the minimum wage, while simultaneously stripping bargaining power from them through overtime pay laws. They base their fallacious claim on another fallacy - the low skill labor buyers monopoly. In Episode 46 of TheMacroView Host Andrew Smith debunks both myths and explains where "bargaining power" comes from in the labor market. Getting back to the basics of economics - Andrew teaches listeners why low skilled workers have a tougher time earning raises, and what they can potentially do about it in a free market setting. Enjoy! 00:26:00The Macro ViewnoEconomics,Austrian Economics,Free Markets,Labor MarketLeft-Wing Economist and Politicians use the fallacious claim that "low skill workers have no bargaining power" to justify the minimum wage, while simultaneouslyhttp://www.blogtalkradio.com/themacroview/2017/02/24/themacroview-episode-45-bill-gates-the-ludditeFinancehttp://www.blogtalkradio.com/themacroview/2017/02/24/themacroview-episode-45-bill-gates-the-luddite/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/24/themacroview-episode-45-bill-gates-the-ludditeFri, 24 Feb 2017 21:00:00 GMTTheMacroView Episode 45: Bill Gates the LudditeBill Gates is Quickly Becoming a Common Theme on TheMacroView thanks to his continuous nonsense spewing in public interviews - and the use of his wealth by other outlets as examples of how so-called income inequality is worse than ever before... This time, once again, it is thanks to his own economic ignorance...  Either Bill Gates has intellectually regressed and adopted the fight of the Luddites - or he recently joined an Amish sect. Despite the evidence that technological advancement does not cause unemployment that he clearly witnessed from his own life's work, Bill is now claiming the robots will take the jobs of so many that the government should tax the productivity of robots in order to retrain people who lose their jobs. Oh the Irony... Bill why don't you just stick to technology and leave economic analysis to the pros... 00:24:00The Macro ViewnoLibertarian,Free Markets,Technology,Human Progress,CapitalismBill Gates is Quickly Becoming a Common Theme on TheMacroView thanks to his continuous nonsense spewing in public interviews...http://www.blogtalkradio.com/themacroview/2017/02/22/themacroview-episode-44-the-friction-fallacyFinancehttp://www.blogtalkradio.com/themacroview/2017/02/22/themacroview-episode-44-the-friction-fallacy/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/22/themacroview-episode-44-the-friction-fallacyWed, 22 Feb 2017 07:00:00 GMTTheMacroView Episode 44: The Friction FallacyIn Modern Mainstream Economics, academics and the well-read politician may refer to a concept which they call friction or frictional costs. In doing so what they are referring to is the cost of living for the unemployed that is seeking a job. Examples they may cite as frictional costs include the cost of traveling around the city or town in an effort to find employment, moving from one city to another for better opportunities and/or a lower cost of living, and general living expenses incurred on a daily basis. What they often fail to realize, however, is that much of these so-called frictional costs are caused by government hampering the market with rules and regulations, with wage laws and distortive capital guarantees. In the unhampered market economy unemployment is voluntary – always – for the generally decent person without a long rap sheet of physical violence or property crimes. As Mises put it in his renowned treatise Human Action: A job seeker who does not want to wait will always get a job in the unhampered market economy in which there is always unused capacity of natural resources and very often also unused capacity of produced factors of production. It is only necessary for him either to reduce the amount of pay he is asking for or to alter his occupation or his place of work. In the unhampered market there is always employment to be found. 00:26:00The Macro ViewnoEconomics,Austrian Economics,Liberty,Libertarian,PoliticsIn Modern Mainstream Economics, academics and the well-read politician may refer to a concept which they call friction or frictional costs. But in the unhamperehttp://www.blogtalkradio.com/themacroview/2017/02/21/themacroview-episode-43-shining-a-light-on-modern-labor-productivityFinancehttp://www.blogtalkradio.com/themacroview/2017/02/21/themacroview-episode-43-shining-a-light-on-modern-labor-productivity/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/21/themacroview-episode-43-shining-a-light-on-modern-labor-productivityTue, 21 Feb 2017 09:00:00 GMTTheMacroView Episode 43: Shining A Light on Modern Labor ProductivityA recent article from HumanProgress.org highlighted the incredible increase in labor productivity and standard of living using the lightbulb. In tonight's episode we discuss the myriad of 19th, 20th and 21st century innovations that we often take for granted! The fact is that we have an incredible and unprecedented prosperity, the highest standard of living in human history... America has been the land of innovation for greater than 150 years! There are causes for concern though... We discuss what those causes are and why bold action is needed! 00:30:00The Macro ViewnoCapitalism,Anarcho-Capitalism,Libertarianism,Free Markets,ProsperityA recent article from HumanProgress.org highlighted the incredible increase in labor productivity and standard of living using the lightbulbhttp://www.blogtalkradio.com/themacroview/2017/02/16/themacroview-episode-42-the-future-of-the-libertarian-partyFinancehttp://www.blogtalkradio.com/themacroview/2017/02/16/themacroview-episode-42-the-future-of-the-libertarian-party/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/16/themacroview-episode-42-the-future-of-the-libertarian-partyThu, 16 Feb 2017 06:00:00 GMTTheMacroView Episode 42: The Future of the Libertarian PartyTonight on TheMacroView Special Guest and Libertarian Leadership Coach Michael Pickens joins us to discuss the Future of the Libertarian Party... Everything from Michael's Success, How to create more successful campaigns, Candidates running or planning to run for office, Marijuana Legalization, Strategies to build coalitions, and Michael's end goal! Don't miss this special episode, with our very special guest! Michael is the former Vice-Chair of the California Libertarian Party, Chair of the Libertarian Party of Washington, and former Campaign Manager for Larry Sharpe Libertarian Candidate for the Vice Presidential nomination in 2016. 00:36:00The Macro ViewnoLibertarian,Libertarian Party,Liberty,Success,PoliticsTonight on TheMacroView Special Guest and Libertarian Leadership Coach Michael Pickens joins us to discuss the Future of the Libertarian Partyhttp://www.blogtalkradio.com/themacroview/2017/02/13/themacroview-episode-41-climate-change--assuming-its-not-a-hoaxFinancehttp://www.blogtalkradio.com/themacroview/2017/02/13/themacroview-episode-41-climate-change--assuming-its-not-a-hoax/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/13/themacroview-episode-41-climate-change--assuming-its-not-a-hoaxMon, 13 Feb 2017 07:00:00 GMTTheMacroView Episode 41: Climate Change - Assuming It's Not a Hoax...The hyperbole surrounding the climate science debate is one of the most frustrating parts of society today... Let's set the facts straight.   Assuming it is not a hoax, what do the models actually say? Tonight we go through the models and discuss, from a realistic standpoint, what the implications of climate change are likely to be... From hotter temperatures and melting permafrosts to rising sea levels and ocean acidification, we talk real numbers and bring everyone back to earth!  Don't miss out on this episode! You're sure to be entertained, educated and love it! 00:21:00The Macro ViewnoLibertarianism,Anarcho-Capitalism,Climate Change,Global Warming,FactsThe hyperbole surrounding the climate science debate is one of the most frustrating parts of society today... Let's set the facts straighthttp://www.blogtalkradio.com/themacroview/2017/02/10/themacroview-episode-40-how-to-value-an-investment-part-4-of-4Financehttp://www.blogtalkradio.com/themacroview/2017/02/10/themacroview-episode-40-how-to-value-an-investment-part-4-of-4/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/10/themacroview-episode-40-how-to-value-an-investment-part-4-of-4Fri, 10 Feb 2017 20:00:00 GMTTheMacroView Episode 40: How to Value an Investment Part 4 of 4In the final part of this 4 part series we discuss equity risk measures, asset risk and portfolio level risk. Risk measures, as with all financial analysis are tools, not predictors. They can help the investor to assess and judge risk levels as compared to expected (judged) potential reward. They are not hard and fast rules, they are not perfect, they are not end all be all omniscient god-beings.  Investing involves risk, understanding how to minimize or mitigate risk, and specifically, how to assess what the risk of a particular investment may be - how to roughly measure such - and therefore how to make better informed judgements.   00:31:00The Macro ViewnoInvesting,Financial Markets,Entrepreneurship,Stock MarketIn the final part of this 4 part series we discuss equity risk measures, asset risk and portfolio level risk...http://www.blogtalkradio.com/themacroview/2017/02/08/themacroview-episode-39-how-to-value-an-investment-part-3-of-4Financehttp://www.blogtalkradio.com/themacroview/2017/02/08/themacroview-episode-39-how-to-value-an-investment-part-3-of-4/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/08/themacroview-episode-39-how-to-value-an-investment-part-3-of-4Wed, 08 Feb 2017 19:00:00 GMTTheMacroView Episode 39: How to Value an Investment Part 3 of 4Tonight we discuss Debt Risk Concepts such as the Recovery Rate, Probability of Default, Loss Given Default, and Where to Find Certain Items on a Company Balance Sheet, Income Statement and Cash Flow Statement. For anyone thinking of investing in corporate bonds these concepts are vital to the valuation.  You must be able to assess risk of default and the loss given default in order to determine what the value of the bond is, and make sure that you're not overpaying for the risk you are assuming. 00:31:00The Macro ViewnoInvesting,Financial Markets,Entrepreneur,InvestorTonight we discuss Debt Risk Concepts such as the Recovery Rate, Probability of Default, Loss Given Default, and Where to Find Certain Items on a Company Balanchttp://www.blogtalkradio.com/themacroview/2017/02/07/themacroview-episode-38-how-to-value-an-investment-part-2Financehttp://www.blogtalkradio.com/themacroview/2017/02/07/themacroview-episode-38-how-to-value-an-investment-part-2/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/07/themacroview-episode-38-how-to-value-an-investment-part-2Tue, 07 Feb 2017 06:30:00 GMTTheMacroView Episode 38: How to Value an Investment Part 2In part two of this multi-part series, we discuss the Compound Annual Growth Rate while debunking the recent Oxfam Report claiming Bill Gates will become the world's first Trillionaire due to concentration of wealth trends, we discuss Cap Rates, and Commonly Used Valuation Ratios for Stock Market aka Equity Investing. Don't miss out - If you're interested in investing, you need to understand these basic valuation concepts so that you know if you're making a wise investment, or if your prospective investment is overvalued at the moment. 00:39:00The Macro ViewnoInvesting,Business,Entrepreneurship,Valuation,Austrian EconomicsIn part two of this multi-part series, we discuss the Compound Annual Growth Rate while debunking the recent Oxfam Report claiming Bill Gates will become the wohttp://www.blogtalkradio.com/themacroview/2017/02/05/themacroview-episode-37-how-to-value-an-investment-part-1Financehttp://www.blogtalkradio.com/themacroview/2017/02/05/themacroview-episode-37-how-to-value-an-investment-part-1/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/05/themacroview-episode-37-how-to-value-an-investment-part-1Sun, 05 Feb 2017 20:00:00 GMTTheMacroView Episode 37: How to Value an Investment Part 1In the first part of this multi-part series, host of TheMacroView and Chartered Alternative Investment Analyst discuss the foundations of investment valuation. Herein, he covers Present and Future Values, The Discount Rate, Discounted Cash Flow Analysis, Net Present Value, the Internal Rate of Return and the issues with the IRR, as well as the Modified IRR. For anyone that is interested in financial markets, the stock market, real estate investing, entrepreneurship or any other activity that involves judging the soundness of a decision to payout money now, defer consumption, in the hopes of reaping future rewards, this is a Episode should NOT BE MISSED! 00:22:00The Macro ViewnoEconomics,Financial Markets,Investing,Entrepreneurship,Stock MarketIn the first part of this multi-part series, host of TheMacroView and Chartered Alternative Investment Analyst discuss the foundations of investment valuation.http://www.blogtalkradio.com/themacroview/2017/02/03/themacroview-episode-36-the-reason-i-say-no-thanks-to-ap-for-lpFinancehttp://www.blogtalkradio.com/themacroview/2017/02/03/themacroview-episode-36-the-reason-i-say-no-thanks-to-ap-for-lp/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/03/themacroview-episode-36-the-reason-i-say-no-thanks-to-ap-for-lpFri, 03 Feb 2017 06:00:00 GMTTheMacroView Episode 36: The Reason I Say "No Thanks" to AP for LPBeyond his childish antics and smugness, besides the fact that he just has one of those faces, like Ted Cruz, that is really hard to like, and besides the fact that I think he is very likely using the Libertarian Party as a platform for self-aggrandizement, the reason why I truly dislike Austin and think he is not and very likely never will be a good candidate for the libertarian party, is the fact that he is unable to explain the tenets and benefits of the free market without stumbling all over himself and shifting into non-sequitur quips about the other major parties. The libertarian party needs a candidate, if they are ever to be successful, who can so clearly and concisely explain the benefits of the free market, the logic of economic liberty, that conservatives will be willing to back them despite a non-interventionist foreign policy, and that liberals that have been voting democrat, will say “you know what, that makes a lot of sense, I’ve never heard anyone explain the free market that way before, plus this Libertarian is truly committed to non-interventionism unlike the democratic party”. 00:27:00The Macro ViewnoLibertarian,Libertarian Party,Economics,Free TradeBeyond his childish antics and smugness, besides the fact that he just has one of those faces, like Ted Cruz, that is really hard to like, the reason why I trulhttp://www.blogtalkradio.com/themacroview/2017/02/02/themacroview-episode-35-the-origin-of-money-part-3-of-3Financehttp://www.blogtalkradio.com/themacroview/2017/02/02/themacroview-episode-35-the-origin-of-money-part-3-of-3/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/02/themacroview-episode-35-the-origin-of-money-part-3-of-3Thu, 02 Feb 2017 06:00:00 GMTTheMacroView Episode 35: The Origin of Money Part 3 of 3In the final part of this 3 part series, we discuss how people knew that a certain commodity would be accepted for as a medium of exchange, Mises' regression theorem, recent money mischief conducting by governments around the world and why bitcoin is controversial in circles of economists coming from the Austrian tradition.   Government's around the world, including here at home, have still not learned from the mistakes of the past, they still think they can tool around with the currencies to breed prosperity. Why is money accepted? How do people know they will be able to buy things, and generally certain quantities of things, with their money?  Was Mises wrong, Was he right and is Bitcoin simply misunderstood? Could it be that he just didn't have the foresight to imagine the digital age upon us and the implications of such? 00:27:00The Macro ViewnoAustrian Economics,Money,Liberty,LibertarianIn the final part of this 3 part series, we discuss how people knew that a certain commodity would be accepted for as a medium of exchange, Mises' regression thhttp://www.blogtalkradio.com/themacroview/2017/02/01/themacroview-episode-34-the-origin-of-money-part-2-of-3Financehttp://www.blogtalkradio.com/themacroview/2017/02/01/themacroview-episode-34-the-origin-of-money-part-2-of-3/#commentshttp://www.blogtalkradio.com/themacroview/2017/02/01/themacroview-episode-34-the-origin-of-money-part-2-of-3Wed, 01 Feb 2017 02:30:00 GMTTheMacroView Episode 34: The Origin of Money Part 2 of 3Last night we discussed the what money is, the problems it solves, and why it is naive to think that a wise and benevolent dictator could have possible come up with the idea of money... Tonight we discuss how money actually came to be, the qualities that were required of a commodity in order for it to become a money, and why gold and silver have historically served as money. Lastly, we debunk the Keynesian concept which states: "Gold has no intrinsic value", and introduce listeners to tomorrow night's discussion! Don't miss part two of this three part series! 00:22:00The Macro ViewnoAustrian Economics,Money,Liberty,Libertarianism,CapitalismLast night we discussed the what money is, the problems it solves, and why it is naive to think that a wise and benevolent dictator could have possible come uphttp://www.blogtalkradio.com/themacroview/2017/01/31/themacroview-episode-33-the-origins-of-money-part-1Financehttp://www.blogtalkradio.com/themacroview/2017/01/31/themacroview-episode-33-the-origins-of-money-part-1/#commentshttp://www.blogtalkradio.com/themacroview/2017/01/31/themacroview-episode-33-the-origins-of-money-part-1Tue, 31 Jan 2017 04:30:00 GMTTheMacroView Episode 33: The Origins of Money Part 1Money is an universally accepted medium of exchange. What is Money? Why is there money? What problem does it solve? Did the government create money?  Carl Menger gave answers to these questions and many more about where money came from and why it exists... Tonight we explore these three key questions - tomorrow night and the following we discover much more... Questions such as why gold and silver emerged as money, how it happened, the problems with fiat currency, crypto-currencies... You do not want to miss the this series! Tune in to garner the knowledge you need to Spread the Logic of Liberty! 00:20:00The Macro ViewnoAustrian Economics,Origin of Money,Money,Liberty,LibertariansWhat is money? Where does money come from? Didn't the Government Create It? Tonight and in the next two episodes we explore the Origin of Moneyhttp://www.blogtalkradio.com/themacroview/2017/01/29/themacroview-episode-32-understanding-financial-markets-part-5-of-5Financehttp://www.blogtalkradio.com/themacroview/2017/01/29/themacroview-episode-32-understanding-financial-markets-part-5-of-5/#commentshttp://www.blogtalkradio.com/themacroview/2017/01/29/themacroview-episode-32-understanding-financial-markets-part-5-of-5Sun, 29 Jan 2017 03:30:00 GMTTheMacroView Episode 32: Understanding Financial Markets Part 5 of 5On the 5th and final part of this five part series on Understanding the Fundamentals of Financial Markets, we debunk the Deregulation Myth and use the Logic of Liberty to show how Government Interventions in Financial Markets Distort the Market and Hurt Everyone! From The Fed, The FDIC, and the SBA to the Community Reinvestment Act, The Graham-Leach-Bliley Act and Sarbanes Oxley, to Dodd-Frank, the Bank Bailouts and Wall Street Corruption, Government has fully distorted financial markets! Tonight, we not only show how, but discuss why it hurts people and has divided main street and wall street. 00:29:00The Macro ViewnoEconomics,Austrian Economics,Libertarianism,Financial Market Intervention,GovernmentOn the 5th and final part of this five part series on Understanding the Fundamentals of Financial Markets, we debunk the Deregulation Myth and use the Logic ofhttp://www.blogtalkradio.com/themacroview/2017/01/27/themacroview-episode-31-understanding-financial-markets-part-4-of-5Financehttp://www.blogtalkradio.com/themacroview/2017/01/27/themacroview-episode-31-understanding-financial-markets-part-4-of-5/#commentshttp://www.blogtalkradio.com/themacroview/2017/01/27/themacroview-episode-31-understanding-financial-markets-part-4-of-5Fri, 27 Jan 2017 05:30:00 GMTTheMacroView Episode 31: Understanding Financial Markets Part 4 of 5In the second to last episode of this 5 part series we discuss the role of losses, bankruptcy and the so called distressed asset market! Listeners will gain a firm foundation to understand why each of these cooperative forces help increase economic efficiency, abundance and prosperity. Often folks talk about the profit motive, or about corporate profits and their enormity without even mentioning losses or bankruptcy and the role taht it plays. Losses, bankruptcy and the resulting distressed asset market are the mechanisms by which scarce resources are reallocated away from entrepreneurs that have proven themselves incapable of delivering through the use of such resources, on consumer demands, or the most urgent consumer demands. New entrepreneurs replace them, often ones with better foresight and a more accurate finger on the pulse of consumers. This process, though it can be painful for those involved, is irreplacable. It is by far the most efficient manner by which capital and resources find their most efficient uses.  00:21:00The Macro ViewnoAustrian Economics,Financial Markets,Entrepreneurship,Libertarianism,EconomicsIn part 4 of this 5 part series, we discuss the vital role that entrepreneurial losses, bankruptcy and distressed markets play...http://www.blogtalkradio.com/themacroview/2017/01/26/themacroview-episode-30-understanding-financial-markets-part-3-of-5Financehttp://www.blogtalkradio.com/themacroview/2017/01/26/themacroview-episode-30-understanding-financial-markets-part-3-of-5/#commentshttp://www.blogtalkradio.com/themacroview/2017/01/26/themacroview-episode-30-understanding-financial-markets-part-3-of-5Thu, 26 Jan 2017 19:00:00 GMTTheMacroView Episode 30: Understanding Financial Markets Part 3 of 5In tonight's episode, part 3 of a 5 part series, we help listeners understand Complex Securities and Derivatives, their purpose, the markets they operate on, and how they played no part in the financial crisis. Instruments such as Mortgage Backed Securities, Credit Default Swaps, Collateralized Debt Obligations often get a bad wrap, as if they are inherently evil or destructive. The fact of the matter, like any financial instrument, is that these complex securities and derivative contracts are a ingenious innovation that help investors and financial institutions MITIGATE risk.  Further, during the financial crisis of 2008, these instruments helped to MINIMIZE the damage done by the Federal Government's Capital Manipulations of the past 2 decades and the Monetary Manipulation of the Federal Reserve Bank. Without such innovative products to help manage risk, the crisis could have been much worse. Tonight we help listeners get a handle on the concept of convertible debt, preferred stock, futures, options, mortgage backed securities, credit default swaps and collateralized debt obligations! Don't miss it! 00:34:00The Macro ViewnoFinancial Markets,Investing,Austrian Economics,Logic,Crusoe EconomicsIn tonight's episode, part 3 of a 5 part series, we help listeners understand Complex Securities and Derivatives, their purpose, the markets they operate on, anhttp://www.blogtalkradio.com/themacroview/2017/01/25/themacroview-episode-29--understanding-financial-markets-part-2-of-5Financehttp://www.blogtalkradio.com/themacroview/2017/01/25/themacroview-episode-29--understanding-financial-markets-part-2-of-5/#commentshttp://www.blogtalkradio.com/themacroview/2017/01/25/themacroview-episode-29--understanding-financial-markets-part-2-of-5Wed, 25 Jan 2017 05:30:00 GMTTheMacroView Episode 29 - Understanding Financial Markets Part 2 of 5On part two of this 5 part episode, we dive deep into the concepts of debt and equity securities, the concept of interest, and the role of the centralized securities exchange On last night’s episode, using a Crusoe Economics Thought Experiment, we hashed out the purpose of savings, lending and banking. We clearly showed the purpose of savings, how savings can increase productivity of labor, and how lending can transfer the benefit of savings to others who would like to increase the productivity of a society. We also introduced the role of a bank. Briefly, we’re going to go back to Robinson Crusoe’s Desert Island and discuss interest, and then to show the value of equity versus debt. 00:29:00The Macro ViewyesAustrian Economics,Financial Markets,Equity,Debt,LibertarianismOn part two of this 5 part episode, we dive deep into the concepts of debt and equity securities, the concept of interest, and the role of the centralized securhttp://www.blogtalkradio.com/themacroview/2017/01/24/themacroview-episode-28-understanding-financial-markets-pt-1-of-5Financehttp://www.blogtalkradio.com/themacroview/2017/01/24/themacroview-episode-28-understanding-financial-markets-pt-1-of-5/#commentshttp://www.blogtalkradio.com/themacroview/2017/01/24/themacroview-episode-28-understanding-financial-markets-pt-1-of-5Tue, 24 Jan 2017 05:30:00 GMTTheMacroView Episode 28: Understanding Financial Markets Pt 1 of 5In this 5 part series we discuss financial markets, their role, the various financial products out there, why they are so important, and how governments corrupt them... The financial markets are often misunderstood. People refer to them as “a casino” or “rigged”. Wall Street is among the most hated institution, not only in the US but around the world. Is this a fair characterization of financial markets? Possibly, under the heavy direction of the government there is no doubt that the financial markets have become utterly corrupted. Absent government involvement, however, the financial markets are the most important development in the history of the world for human progress. The ability to match, swiftly and for low cost, savers and borrowers, investors and entrepreneurs changed the world. The financial markets are often misunderstood. People refer to them as “a casino” or “rigged”. Wall Street is among the most hated institution, not only in the US but around the world. Is this a fair characterization of financial markets? Possibly, under the heavy direction of the government there is no doubt that the financial markets have become utterly corrupted. Absent government involvement, however, the financial markets are the most important development in the history of the world for human progress. The ability to match, swiftly and for low cost, savers and borrowers, investors and entrepreneurs changed the world. 00:26:00The Macro ViewnoAustrian Economics,Finance,Financial Markets,Economic Theory,LibertarianismIn this 5 part series we discuss financial markets, their role, the various financial products out there, why they are so important, and how governments corrupthttp://www.blogtalkradio.com/themacroview/2017/01/21/themacroview-episode-27--the-fed-part-2Financehttp://www.blogtalkradio.com/themacroview/2017/01/21/themacroview-episode-27--the-fed-part-2/#commentshttp://www.blogtalkradio.com/themacroview/2017/01/21/themacroview-episode-27--the-fed-part-2Sat, 21 Jan 2017 05:30:00 GMTTheMacroView Episode 27 - The Fed Part 2Before our host took his well deserved vacation, we discussed the Federal Reserve in part 1 of this 2 part series. Tonight we finish that discussion! The Federal Reserve's track record shoiuld be a warning to us all that it has been an utter failure. In 1933, the FDIC was created using the same pitch as was used to create the Fed - End the Run on Banks and a period of utopian economic stability will come about! Banks still have to deal with runs, there's been multiple financial panics and deep recessions since then, and there have been more and more regulations layered on top of existing government interventions to continue to try and bring about the statist planner's vision of Utopia!  00:49:00The Macro ViewnoFederal Reserve,Austrian Economics,Austrian Business Cycle Theory,Libertarianism,Financial MarketsBefore our host took his well deserved vacation, we discussed the Federal Reserve in part 1 of this 2 part series. Tonight we finish that discussionhttp://www.blogtalkradio.com/themacroview/2016/12/23/themacroview-episode-26-the-fed-part-1Financehttp://www.blogtalkradio.com/themacroview/2016/12/23/themacroview-episode-26-the-fed-part-1/#commentshttp://www.blogtalkradio.com/themacroview/2016/12/23/themacroview-episode-26-the-fed-part-1Fri, 23 Dec 2016 02:00:00 GMTTheMacroView Episode 26: The Fed Part 1In the first part of this two part series discussing the Federal Reserve, Host of TheMacroView Andrew Smith, walks listeners through the history and mechanics of the Fed plus more! The Central Bank of the United States has re-emerged into the forefront of the American Populace's dinner table discussions, much thanks to Ron Paul and the push for transparency that his campaign in 2008 sparked.  While we all hear about the Fed, and their interest rate adjustments, few understand the mechanics and effects of actions that the Fed takes. Tonight we unveil the Wizard behind the manipulation of markets and discuss exactly what it is about the Fed that makes it such a potent force in the United States. 00:36:00The Macro ViewyesAustrian Economics,Libertarian,Federal Reserve,Interest Rates,MacroeconomicsIn the first part of this two part series discussing the Federal Reserve, Host of TheMacroView Andrew Smith, walks listeners through the history and mechanics ohttp://www.blogtalkradio.com/themacroview/2016/12/18/themacroview-episode-25-us-history-of-taxes-pt-2--before-beyond-income-taxesUS Governmenthttp://www.blogtalkradio.com/themacroview/2016/12/18/themacroview-episode-25-us-history-of-taxes-pt-2--before-beyond-income-taxes/#commentshttp://www.blogtalkradio.com/themacroview/2016/12/18/themacroview-episode-25-us-history-of-taxes-pt-2--before-beyond-income-taxesSun, 18 Dec 2016 03:00:00 GMTTheMacroView Episode 25: US History of Taxes Pt 2 - Before & Beyond Income TaxesThe 16th Ammendment was ratified in 1913, before that income taxes had been ruled unconstitutional because of the apportionment clause in the constitution, which required revenues to the federal government to be apportioned by each state. In the 2nd part of a 2 part series, TheMacroView host walks listeners through a history of taxes in the US before and beyond the income tax and discusses the implications of the 16th ammendment beyond granting the power to tax income in a non-apportioned manner to congress. 00:28:00The Macro ViewyesAustrian Economics,Economic History,Taxes,US GovernmentIn the second part of this 2 part series on the History of Taxes in the US, Host Andrew Smith walks listeners through pre-income tax taxes and rates, and the imhttp://www.blogtalkradio.com/themacroview/2016/12/17/themacroview-episode-24-history-of-taxes-in-the-us--part-1-of-2-income-taxesUS Governmenthttp://www.blogtalkradio.com/themacroview/2016/12/17/themacroview-episode-24-history-of-taxes-in-the-us--part-1-of-2-income-taxes/#commentshttp://www.blogtalkradio.com/themacroview/2016/12/17/themacroview-episode-24-history-of-taxes-in-the-us--part-1-of-2-income-taxesSat, 17 Dec 2016 05:30:00 GMTTheMacroView Episode 24: History of Taxes in the US - Part 1 of 2 Income TaxesLiving Caricatures of the Political Left - such as Bernie Sanders and Elizabeth Warren, have been pitching massive tax hikes, as high as 70% or higher for the top 1% - they use past tax rates as reference but whats the truth? Tonight on TheMacroView we walk listeners through the Income Tax rate history of the United States in less than 25 minutes. Its very important to understand the nuances of this history to debunk the myth's preached by leading politicians with socialist tendencies. The fact of the matter is that these high tax rates were levied on incomes of such a high level that very few people, if any at times, even came close to paying the top rates, while rates on the "Top 1%" at any given time could carry a wide range, many many brackets, and other nuances. Middle class folks were promised upon the ratification of the 16th amendment that they would NEVER have their income taxes. That this was just a tax on the "the Top 1%" - meanwhile, since 1913, the effective rate on taxable income have climbed from 0% initially, to 6% during WW I, back down to 2% in the mid 20s, before skyrocketing - reaching their high, believe it or not, in the early 1990s. Social Security taxes are included in tonights episode, as they have been a deceptive form of taxing income, and doing so in a highly regressive manner. Further, there are all sorts of distortive loopholes, and incentives to get people to behave a certain way, invest in certain things, donate money to not-for-profits, and much more! Tune in to get a full history of income taxes in the US - delivered in less than 25 minutes! 00:17:00The Macro ViewyesAustrian School of Economics,US Economic History,History of Taxes in the US,Politics,Political EconomyLiving Caricatures of the Political Left - such as Bernie Sanders and Elizabeth Warren, have been pitching massive tax hikes, as high as 70% or higher for the thttp://www.blogtalkradio.com/themacroview/2016/12/14/themacroview-episode-23-debt-overload--creating-a-financial-crisis-the-08-sagaFinancehttp://www.blogtalkradio.com/themacroview/2016/12/14/themacroview-episode-23-debt-overload--creating-a-financial-crisis-the-08-saga/#commentshttp://www.blogtalkradio.com/themacroview/2016/12/14/themacroview-episode-23-debt-overload--creating-a-financial-crisis-the-08-sagaWed, 14 Dec 2016 17:30:00 GMTTheMacroView Episode 23: Debt Overload - Creating a Financial Crisis the 08 SagaIn this 2 part series, host Andrew Smith discusses the environment leading up to, during and after the financial crisis! Slideshow accompanying this episode shows the statistics mentioned, if you are NOT listening to this from the Show page at MacroViewNews.com or on BlogTalkRadio directly you will want to tune in via one of these two channels so that you can follow along. If NOT stay tuned anyways and try to follow along. If you just sit back an listen to some of these statistics...   00:51:00The Macro ViewyesAustrian School of Economics,Austrian Economics,Libertarian,LibertarianismIn this 2 part series, host Andrew Smith discusses the environment leading up to, during and after the financial crisis! Slideshow accompanyinghttp://www.blogtalkradio.com/themacroview/2016/12/10/themacroview-episode-22-debate--no-state-vs-minimal-state-1Politicshttp://www.blogtalkradio.com/themacroview/2016/12/10/themacroview-episode-22-debate--no-state-vs-minimal-state-1/#commentshttp://www.blogtalkradio.com/themacroview/2016/12/10/themacroview-episode-22-debate--no-state-vs-minimal-state-1Sat, 10 Dec 2016 02:30:00 GMTTheMacroView Episode 22: Debate - No State vs Minimal State Tonight on The First Ever TheMacroView Debate Kyle Wagner - Founder of the Anarcho-Capitalism vs Minarchism Debate Group on Facebook - Joins TheMacroView to Debate the Host Andrew Smith. The Libertarian Movement has grown significantly, with the growth however, there have been the development of factions that - frankly to many the believe in the original libertarian ideals - can be quite frustrating. The Libertarian Movement at its heart always had two core factions - Minarchist and Anarcho-Capitalists. Tonight Host Andrew Smith takes the Affirmative Position for No State while Kyle takes the Affirmative Position on Minimal State! DO NOT MISS OUT ON THIS LIVE DEBATE! It is sure to be intellectually stimulating and exciting! 01:03:00The Macro ViewyesAnarcho-Capitalism,Minarchism,Libertarianism,No State,Small StateTonight on The First Ever TheMacroView Debate Kyle Wagner - Founder of the Anarcho-Capitalism vs Minarchism Debate Group on Facebook - Joins TheMacroView to Debhttp://www.blogtalkradio.com/themacroview/2016/12/10/themacroview-episode-21-tight-money-did-not-prolong-the-great-depression-part-2Financehttp://www.blogtalkradio.com/themacroview/2016/12/10/themacroview-episode-21-tight-money-did-not-prolong-the-great-depression-part-2/#commentshttp://www.blogtalkradio.com/themacroview/2016/12/10/themacroview-episode-21-tight-money-did-not-prolong-the-great-depression-part-2Sat, 10 Dec 2016 00:00:00 GMTTheMacroView Episode 21: Tight Money DID NOT Prolong the Great Depression Part 2Last Night we debunked the mainstream Keynesian economic theory detailing the great depression, WWII Deficit spending, and how in fact – said spending HURT the economy and caused a net drag for decades to come. Tonight – on a much more concise show, we’re going to discuss the monetarist view, which was presented originally by Milton Friedman in Monetary History of the United States. Milton Friedman and Co-Author Anna Schwartz in a Monetary History of the United States – argued, however that the Fed did NOT do enough. The theory – at the time – was considered revolutionary and caught on strong with a lot of the non-Austrian “Right” side of the political spectrum, because it gave those on the right a way to say “Fiscal Stimulus wasn’t needed”. The argument that Friedman laid out was one that essentially said, and properly so, that low interest rates and quote unquote “EASY MONEY” were NOT synonymous. While true – there are still a lot of flaws with the monetarist view of the Great Depression – Namely that it purely encourages another unsustainable boom by propping up prices before markets fully clear and pulls its evidence from the previous decade and the fact that the Fed kept propping up the market at every downturn. When the Fed finally decided NOT to continue propping up the overvaluation of assets then the market crashed. By Milton Friedman’s account had the Fed just propped up asset prices once again in 1929 and despite the malinvestment and the fact that many businesses were booming on credit with no sustainable organic growth just doesn’t matter. There’s other issues with what Milton Friedman and the Monetarists say. Tonight we Discuss 00:37:00The Macro ViewyesAustrian School of Economics,Macroeconomics,Politics,Public Policy,Monetary PolicyTonight we finish up our 2 part series debunking common mainstream economic theories of the Great Depression!http://www.blogtalkradio.com/themacroview/2016/12/08/themacroview-episode-20-budget-deficits-did-not-end-the-great-depressionFinancehttp://www.blogtalkradio.com/themacroview/2016/12/08/themacroview-episode-20-budget-deficits-did-not-end-the-great-depression/#commentshttp://www.blogtalkradio.com/themacroview/2016/12/08/themacroview-episode-20-budget-deficits-did-not-end-the-great-depressionThu, 08 Dec 2016 06:00:00 GMTTheMacroView Episode 20: Budget Deficits DID NOT End the Great Depression!Popular opinion, especially among Keynesian's, but forfeited by Monetarists as well, states that World War II budget deficits ended the Depression But the Truth Is  by 1940 - before War Time Spending Provisions DRASTICALLY increased the budget - Private Investment had ALREADY driven Per Capita REAL GDP to above its 1940 levels... Primarily in the face of the ACTUAL budget cuts (Real Per Capita) in 1932 and 1933. Hoover's first two years 1930 and 1931 spending actually increased, and despite the later year cuts was NEVER actually cut below 1929 Levels! Tonight we debunk the whole history, Great Depression, through WWII, through the Great Society, up through the Ford-Carter-Reagan Presidencies, and then through the Bush, Clinton, Bush in a History of Government Spending, Private Investment, Consumption and Incomes in the US. 00:46:00The Macro ViewyesAustrian School of Economics,Economic Thought,Economic History of the US,Great Depression,MacroeconomicsPopular opinion, especially among Keynesian's, but forfeited by Monetarists as well, states that World War II budget deficits ended the Depression But the Truthhttp://www.blogtalkradio.com/themacroview/2016/12/07/themacroview-episode-19-the-jobs-of-nationsFinancehttp://www.blogtalkradio.com/themacroview/2016/12/07/themacroview-episode-19-the-jobs-of-nations/#commentshttp://www.blogtalkradio.com/themacroview/2016/12/07/themacroview-episode-19-the-jobs-of-nationsWed, 07 Dec 2016 08:30:00 GMTTheMacroView Episode 19: The Jobs of NationsJobs, Jobs, Jobs Jobs at the Expense of Wealth Jobs at the Expense of Prices Jobs at the Expense of Productivity Jobs at the Expense of Freedom Jobs at the expense of everything.   Tonight we Debunk the Zero-Sum game Fallacy using the greatest reductio ad absurdum ever written, one of the most beautiful short essays revealing logic behind economic theory. Namely we focus on trade and government/the populace's, view of contempt towards it. We discuss the other areas in which the logic, rationale or end result, is similar. We, because sometimes I can't resist it, destroy, once again Keynesian's view of unproductive labor to make the final case in point in this obliteration of the interventionists that believe in trade AND interventionists that don't. 00:38:00The Macro ViewyesAustrian School of Economics,Macroeconomics,Public Policy,Politics,EntrepreneurJobs, Jobs, Jobs Jobs at the Expense of Wealth Jobs at the Expense of Prices Jobs at the Expense of Productivity Jobs at the Expense of Freedomhttp://www.blogtalkradio.com/themacroview/2016/12/03/themacroview-episode-18-poverty-is-natural-not-shocking--wealth-is-miraculousFinancehttp://www.blogtalkradio.com/themacroview/2016/12/03/themacroview-episode-18-poverty-is-natural-not-shocking--wealth-is-miraculous/#commentshttp://www.blogtalkradio.com/themacroview/2016/12/03/themacroview-episode-18-poverty-is-natural-not-shocking--wealth-is-miraculousSat, 03 Dec 2016 05:30:00 GMTTheMacroView Episode 18: Poverty is Natural NOT Shocking - Wealth is MiraculousFor most of human history, the wealthiest people in the world maintained a standard of living inferior to some of the poorest working people in the developed countries of today. Using numbers from the Maddison Project, Host Andrew Smith, guide's listeners through the economic productivity history of the past 2000 years, from 1 AD to 1700 AD productivity among the most productive country of each the time, didn't even double. From 1700 to 2010, economic productivity EXPLODED. The average person in the most productive country in 1700 (Great Britain) produced the equivalent of about 6 loaves of bread per person. By 2000 that productivity had increased 19 fold, and the average person in the US (the most productive country at the time) was producing the equivalent of 112 loaves of bread per day. Meanwhile in countries with tyranical, oppressive governments and collectivist economic policies have not only lagged behind the rest of the world, but in some cases, still maintain a per person productivity measure in constant dollars LESS than the Ancient Empires (Roman, Greek, Persian, Ottoman, Byzantium, Spanish, British, Prussian and Nordic). The war-torn Congo for example, has a per person production measures that is equal to about a single loaf of bread per person per day. 00:29:00The Macro ViewyesAustrian School of Economics,Poverty,Politics,Wealth,LibertarianismFor most of history, the wealthiest people in the world maintained a standard of living for inferior to some of the poorest working people in developed countriehttp://www.blogtalkradio.com/themacroview/2016/12/01/themacroview-episode-17-state-owns-corporations-through-pensionsFinancehttp://www.blogtalkradio.com/themacroview/2016/12/01/themacroview-episode-17-state-owns-corporations-through-pensions/#commentshttp://www.blogtalkradio.com/themacroview/2016/12/01/themacroview-episode-17-state-owns-corporations-through-pensionsThu, 01 Dec 2016 05:30:00 GMTTheMacroView Episode 17: State Owns Corporations Through PensionsAs of 2014 Public Employee Pension Assets had nearly $788 Billion in Direct or Indirect Equity Investments in both publicly listed and privately held investments... Does anyone believe that Government's DON'T try to prop up the businesses owned by funds that ultimately fall on taxpayers to make up differences. The levels of cronyism and corruption we see throughtout all levels of Government, in large part, is driven by the ownership of these same companies by the public employee pension funds. If the companies go bankrupt, and the pensions become insolvent - cities and states could find themselves unable to pay the pension liabilities. Mayors, Governors, City Council Members, State House Members, and Federal Government's elected officials are not Naive to this fact. If they are I PROMISE the CEO of the companies, whose equity they own, remind them everytime they lobby for a favor that'll push competition underwater permanently.     00:14:00The Macro ViewyesEconomics,Macroeconomics,Austrian School of Economics,Public Policy,PoliticsAs of 2014 Public Employee Pension Assets had nearly $788 Billion in Direct or Indirect Equity Investments in both publicly listed and privately held investmenthttp://www.blogtalkradio.com/themacroview/2016/11/30/themacroview-episode-16-corporate-subsidies--immoral-and-ineffectiveFinancehttp://www.blogtalkradio.com/themacroview/2016/11/30/themacroview-episode-16-corporate-subsidies--immoral-and-ineffective/#commentshttp://www.blogtalkradio.com/themacroview/2016/11/30/themacroview-episode-16-corporate-subsidies--immoral-and-ineffectiveWed, 30 Nov 2016 06:30:00 GMTTheMacroView Episode 16: Corporate Subsidies - Immoral and Ineffective!Corporate subsidies are welfare for the wealthy - but they have many devastating effects - furthering barriers to competition and allowing underemployment and less valuable uses of real scarce resources to continue... Tonight we debunk the logic behind corporate subsidies and then discuss the misunderstood history of Capitalism in the United States  Listeners will get some historical context of the subsidy and, for those of you that don't have the ammunition will gain it to destroy your leftist friend (or enemy) the next time they say "without out subsidies companies will fail"!   00:18:00The Macro ViewyesEconomics,Politics,Austrian School of Economics,Capitalism,Public PolicyCorporate subsidies are welfare for the wealthy - but they have many devastating effects - furthering barriers to competition and allowing underemployment and lhttp://www.blogtalkradio.com/themacroview/2016/11/29/themacroview-episode-15-real-savings-investment-vs-aggregate-demand-theoryFinancehttp://www.blogtalkradio.com/themacroview/2016/11/29/themacroview-episode-15-real-savings-investment-vs-aggregate-demand-theory/#commentshttp://www.blogtalkradio.com/themacroview/2016/11/29/themacroview-episode-15-real-savings-investment-vs-aggregate-demand-theoryTue, 29 Nov 2016 06:00:00 GMTTheMacroView Episode 15: Real Savings & Investment vs Aggregate Demand TheoryMainstream Economic Theory is driven by the old Broken Window Fallacy - Increased Aggregate Demand Despite It's Productivity or Lack Thereof Must by Stimulated. The keynesians, as a result have made some of the most ridiculous declarations that one could imagine. From Keynes himself advocating the government bury money in bottles deep in coal mines and let people go dig them up - to Krugman advocation deception of the public and a false threat from aliens as a way to justify massive deficit spending to stimulate aggregate demand, despite it's wastefulness. Tonight we discuss the basic logical fallacies, we discuss the flaws in aggregate demand theory and we close out discussing WHY, fundamentally, private savings and investment as a result of overproduction, that is each individual producing more than they consume (or household), is what leads to real, sustainable, strong economic growth. 00:32:00The Macro ViewyesMacroeconomics,Public Policy,Austrian School of Economics,Austrian Business Cycle Theory,SavingsMainstream Economic Theory is driven by the old Broken Window Fallacy - Increased Aggregate Demand Despite It's Productivity or Lack Thereof Must by Stimulatedhttp://www.blogtalkradio.com/themacroview/2016/11/24/themacroview-episode-14-muh-roads--without-government-who-will-build-themFinancehttp://www.blogtalkradio.com/themacroview/2016/11/24/themacroview-episode-14-muh-roads--without-government-who-will-build-them/#commentshttp://www.blogtalkradio.com/themacroview/2016/11/24/themacroview-episode-14-muh-roads--without-government-who-will-build-themThu, 24 Nov 2016 06:00:00 GMTTheMacroView Episode 14: Muh Roads - Without Government Who Will Build Them?Tired of Being Called a Roadist? Tune in Tonight  TheMacroView Episode 14: Muh Roads - Without Government Who Will Build Them? *Preview of the Ammunition You Will Receive* Federal & Local Government Taxes for The Roads Cost Drivers in Los Angeles about $800 a year each - a total that reaches into the $10s of Billions of Dollars Annually.  The City of Los Angeles Spends about $155 Million Per Year (about $1.00 per daily Driver on the Downtown - Santa Monica I-10 daily drivers and about $77.5 per year for ALL Drivers in LA that Drive DAILY)... Statists that Tell you We Couldn't Pay for the Roads just Don't Understand Entreperneurship and Worse - Don't Understand the Tragedy of the Commons as Compared to Private Ownership. Tonight I pay Tribute to My 'Road Hating' Liberty Lovers by Arming them w the Logic, History & Numbers Needed to Destroy the Next Statist that Accuses them of Being a Roadist! 00:37:00The Macro ViewyesPublic Policy,Economics,Muh Roads,Liberty,LibertarianAs Followers of the Liberty Movement Know - Libertarians and Especially AnCap Libertarians are Often Accused by Statists of 'Hating Roads' - Tonight We Debunk Thttp://www.blogtalkradio.com/themacroview/2016/11/23/themacroview-episode-13-the-largest-heist-in-history-social-securityFinancehttp://www.blogtalkradio.com/themacroview/2016/11/23/themacroview-episode-13-the-largest-heist-in-history-social-security/#commentshttp://www.blogtalkradio.com/themacroview/2016/11/23/themacroview-episode-13-the-largest-heist-in-history-social-securityWed, 23 Nov 2016 05:30:00 GMTTheMacroView Episode 13: The Largest Heist in History – Social SecuritySocial Security is a Ponzi Scheme Through and Through and The Market Solution is FAR Better Anyways... Tonight We Level with the Those on both the Right and the Left who just Won't Accept the Truth! Social Security is the largest intergenerational heist in the history of the world. Over the Next 2 decades, individuals aged 15-45 will transfer $40 TRILLION of wealth to people aged 46 and Older Today! Back on November 7th, Host of TheMacroView Andrew Smith Published a Whitepaper length blog post at MacroViewNews.com (Link Below) - Detailing a way that those counting on it will get it, those younger than 45 will have the burden reduced and will have private accounts/longevity insurance purchased in the private market. This is not a Radical Idea - the Proposition elminates the majority of the burden within the next 10 years, and turns the private sector lose with the life blood of progress, savings and investment. http://www.macroviewnews.com/themacroview/fellow-millennials-lets-privatize-social-security-over-the-next-50-years 00:51:00The Macro ViewyesPublic Policy,Economics,Business,Macroeconomics,CapitalismSocial Security is a Ponzi Scheme Through and Through - The Market Solution is FAR Better... Tonight We Level with the Right and the Left who just Won't Accepthttp://www.blogtalkradio.com/themacroview/2016/11/22/themacroview-episode-12-statist-strawman-debunked-the-ebenezer-scrooge-fallacyFinancehttp://www.blogtalkradio.com/themacroview/2016/11/22/themacroview-episode-12-statist-strawman-debunked-the-ebenezer-scrooge-fallacy/#commentshttp://www.blogtalkradio.com/themacroview/2016/11/22/themacroview-episode-12-statist-strawman-debunked-the-ebenezer-scrooge-fallacyTue, 22 Nov 2016 05:30:00 GMTTheMacroView Episode 12: Statist Strawman Debunked-The Ebenezer Scrooge FallacyOne of the most effective Statist strawmen is the “Greedy, Selfish Person that just wouldn’t voluntarily help the poor”. For those that believe this is the norm throughout civil societies, they have decided the State should be trusted to reallocate private property to the poor. Practically speaking, the implemented solutions basically combine class feudalism, job rationing (through minimum wage and regulations), false hope (through affirmative action and the higher education scam) and a small pittance with many strings attached (welfare). These policies are millennia old and have failed the most vulnerable members of society, low-skill impoverished adults and their children, for just as long. Libertarians (small and big L) have failed in backing up their pitch that while self-interested, rationally, nobody achieves their maximum satisfaction isolated in a tunnel, and happiness, being the end goal, is thwarted by humanitarian crisis and tragedy. It is the reason that politics mobilize so many millions of people – even though cycle after cycle voters get nothing but empty promises and less personal & economic freedoms. Billions of individuals actually genuinely DO care about these things, pursuing happiness is extremely difficult for the vast majority of people if and when suffering is all around them. Its why in 2015, US Citizens donated over $358 Billion to charities, already approximately 35% of the revenues government takes in through social insurance taxes. 00:20:00The Macro ViewyesEconomics,Politics,Liberty,Libertarian,Anarcho CapitalismOne of the most effective Statist strawmen is the “Greedy, Selfish Person that just wouldn’t voluntarily help the poor” - Tonight we Debunk that on TheMacroViewhttp://www.blogtalkradio.com/themacroview/2016/11/19/themacroview-episode-11-health-care-whats-behind-the-ever-rising-costs-1Financehttp://www.blogtalkradio.com/themacroview/2016/11/19/themacroview-episode-11-health-care-whats-behind-the-ever-rising-costs-1/#commentshttp://www.blogtalkradio.com/themacroview/2016/11/19/themacroview-episode-11-health-care-whats-behind-the-ever-rising-costs-1Sat, 19 Nov 2016 09:00:00 GMTTheMacroView Episode 11: Health Care – What’s Behind the Ever-Rising Costs?The median corporate profit margin in the US is 7.5% - in the Pharmaceutical Industry it’s 16%. There’s a reason for that. In the US there are essentially single company monopolies on specific drugs and the FDA protects them. In other countries around the world, the same companies have to charge a significantly lower price, why you may ask? Because there are 9 to 10 companies producing the exact same drug, competing with each other. In the developed world, the US has among the highest health care costs, and the mainstream media and politicians blame it on the big bad greedy capitalists. Instead of explaining that the health care industry, not just pharmaceuticals, the entire industry is a crony industry built around subsidies and access to Medicare patients, at the federal and state levels. That money comes with a lot of strings. If you check out the links at the bottom of this blog post attached, it goes directly to the federal register search for economically significant rules and regulation for two different federal agencies, FDA and Health & Human Services. The FDA in particular is an atrocious bureaucracy that would rather let people that have diseases with NO Cure die than to allow them to consent to taking risky experimental drugs that, you know what, just might save their life.’ The FDA also as a matter of doing business, doesn’t like to, for whatever reason, approve multiple versions of the same drug if there is no reason to, and just showing an identical chemical compound doesn’t get you throw trials – rather the FDA has taken approach of allowing a single company a monopoly over specific drugs. In some cases, lifesaving drugs.  Tonight on TheMacroView Host Andrew N. Smith discusses why this is so dangerous 00:24:00The Macro ViewyesPolitics,economics,austrian school of economics,anarcho capitalism,health careThe median corporate profit margin in the US is 7.5% - in the Pharmaceutical Industry it’s 16%. There’s a reason for that. In the US there are essentially singlhttp://www.blogtalkradio.com/themacroview/2016/11/18/themacroview-episode-10-forced-fallacies--dual-housing-mandate-of-politicians-1Financehttp://www.blogtalkradio.com/themacroview/2016/11/18/themacroview-episode-10-forced-fallacies--dual-housing-mandate-of-politicians-1/#commentshttp://www.blogtalkradio.com/themacroview/2016/11/18/themacroview-episode-10-forced-fallacies--dual-housing-mandate-of-politicians-1Fri, 18 Nov 2016 22:30:00 GMTTheMacroView Episode 10: Forced Fallacies - Dual Housing Mandate of PoliticiansPoliticians have a lot of empty promises, but the basic logic of the "Keeping Homeowners Afloat + Affordable Housing" mutually exclusive dual mandate for politicians is dangerous, tonights episode, host Andrew Smith discusses why, and the recent measure that his home city, Los Angeles passed, to once again move further in the WRONG direction. Basic Logic debunks their claims, from an efficacy and possibilities standpoint, unless they maintain mystical powers that none of us know about, but it doesn't stop them. Keep passing laws that restrict or place barriers in the way of land owners to allocate their land resources to the REAL market's highest and best use, and you will keep getting the results that you are. There are some very simple reasons as to why home prices are becoming more and more unaffordable for the common person, all of them are government, and yet the voters keep asking them to have more control and more power.... At what point to we say, you know, nothing that they claim to want to do actually happens. At what point do we realize that laws aren't virtue signals for things you don't want to spend too much time thinking about. Laws create definite consequences on actor, we all are actors, and these laws create incentives for actors in the real estate development market to service everyone EXCEPT for those that the bleeding hearts claim to want to help when voting for this BS. TheMacroView Destroys the claim that government needs a hand in the housing market with logic, statistics and history in a Jab - Jab - Duck - Uppercut knockout of the Statist agenda for housing!!! 00:25:00The Macro ViewyesEconomics,Macroeconomics,Austrian Economics,Anarcho-Capitalism,CapitalismPoliticians have a lot of empty promises, but the basic logic of the "Keeping Homeowners Afloat + Affordable Housing" mutually exclusive dual mandate for politihttp://www.blogtalkradio.com/themacroview/2016/11/16/episode-9-big-win-for-liberty-the-arrogance-of-the-eliteFinancehttp://www.blogtalkradio.com/themacroview/2016/11/16/episode-9-big-win-for-liberty-the-arrogance-of-the-elite/#commentshttp://www.blogtalkradio.com/themacroview/2016/11/16/episode-9-big-win-for-liberty-the-arrogance-of-the-eliteWed, 16 Nov 2016 05:30:00 GMTEpisode #9 – Big Win for Liberty & the Arrogance of the EliteWith the Republicans Dominating the elections in every single branch of elected government except the Senate (which they maintained a 1 seat majority in) Rand Paul Becomes the Most Powerful Person in Washington in the Biggest Win for the Liberty Movement Ever! But there are battles to be fought and an intellectual war to be won. At the center of it are the Wealthy, the Powerful, the Well Connected as another example and as the Left prepares to put forth a formidable opponent that adopts the full Bernie Sanders platform, the likes of Bill Gates Arrogantly Calls for Socialism to Solve Climate Change. With the 'intellectuals' and 'social elite' all in line and urging the government to take control and force people to do what, in their mind, 'individuals are just to stupid to do on their own' we've got a long road ahead 00:39:00The Macro ViewyesEconomics,Liberty,Libertarian,Capitalism,MacroeconomicsRand Paul Becomes the Most Powerful Person in Washington in the Biggest Win for the Liberty Movement Ever & Bill Gates Arrogantly Calls for Socialism to Solve Ghttp://www.blogtalkradio.com/themacroview/2016/11/15/themacroview-episode-8-the-aftermathFinancehttp://www.blogtalkradio.com/themacroview/2016/11/15/themacroview-episode-8-the-aftermath/#commentshttp://www.blogtalkradio.com/themacroview/2016/11/15/themacroview-episode-8-the-aftermathTue, 15 Nov 2016 06:36:42 GMTTheMacroView Episode 8: The Aftermath?Tonights show we discuss the aftermath of the election. Cabinet pick whisper names, the first hundred day plan, and yes the riots! I've got some messages for those on the Right I've got some messages for those on the Left For those seeking a greater opportunity to control their own destiny, we've got alot of work to do. Donald Trump is the President Elect of the United States, there are a number of items of the proverbial chopping block, and alot of items in the proverbial woodworks. Some great, some good, some neutral, some bad, some horrible. There's no reason to believe that government will shrink outright, although there is reason to have faith it will dramatically slow it's growth. There's no reason to believe that there won't be continued foreign policy disasters, but there is cause for optomism on the war front.  There's alot of terms being thrown around to describe the rioters and to describe the President Elect and his apparent Republican Trifecta. PCness was revolted against.Elitists were revolted against. Bernie still should be the next President, and this will fuel someone like him, that is FARRRRR more scary than Trump. Cronyism Lite, Cronyism Heavy, some free markets, alot of police state, we shall see. Tune in and get my take! Related Links: www.pbs.org/newshour/rundown/president-elect-donald-trumps-plan-first-100-days/ 00:52:00The Macro ViewnoEconomics,Politics,macroeconomics,Austrian School of Economics,Donald TrumpDonald J. Trump is the President Elect - What's the Prognosishttp://www.blogtalkradio.com/themacroview/2016/10/31/themacroview-episode-7-1500-minimum-wage-a-real-life-perspectiveFinancehttp://www.blogtalkradio.com/themacroview/2016/10/31/themacroview-episode-7-1500-minimum-wage-a-real-life-perspective/#commentshttp://www.blogtalkradio.com/themacroview/2016/10/31/themacroview-episode-7-1500-minimum-wage-a-real-life-perspectiveMon, 31 Oct 2016 04:00:00 GMTTheMacroView Episode 7: $15.00 Minimum Wage: A Real Life PerspectiveThere are some devestating effects to the minimum wage, almost none moreso than the discouragement of the development of human capital. On tonights episode we get a look at the real life consequences from a person that has taken the time to develop, through experience, the human capital that it takes to achive a $12.00 to $13.00 an hour.  Lets discuss what the consequence of throughout the world is. The real life disincentivizing of the development of human capital that this imposes. SPECIAL GUEST Chef Aaron Pencar - Speaking Live. 01:22:00The Macro ViewyesEconomics,Minimum wage,PoliticsProposals to raise the minimum wage to $15.00 p/hr are everywhere. Here's a real life perspective!http://www.blogtalkradio.com/themacroview/2016/09/30/themacroview-episode-6-record-income-inequality-record-profitsFinancehttp://www.blogtalkradio.com/themacroview/2016/09/30/themacroview-episode-6-record-income-inequality-record-profits/#commentshttp://www.blogtalkradio.com/themacroview/2016/09/30/themacroview-episode-6-record-income-inequality-record-profitsFri, 30 Sep 2016 06:30:00 GMTTheMacroView Episode 6: Record Income Inequality & Record ProfitsEspecially during election years, the record level of income inequality and the record level of profits that US companies earn are in the new seemingly everyday as politicians make their pitch to get their hands on just a little more of that money. Given that we hear about these two topics all the time, we here at TheMacroView figured 'What the Hell', lets investigate this topic a little deeper. The results may be shocking, so I hope you are sitting down.  We will reveal the numbers on tonights episode, but first..... What is Income in the first place? 01:12:00The Macro ViewyesMacroeconomics,Economics,Economics for Beginners,Income Inequality,Corporate ProfitsIncome Inequality Myths Debunkedhttp://www.blogtalkradio.com/themacroview/2016/09/04/themacroview-episode-5-how-to-fix-education-funding-isnt-the-issue-1Financehttp://www.blogtalkradio.com/themacroview/2016/09/04/themacroview-episode-5-how-to-fix-education-funding-isnt-the-issue-1/#commentshttp://www.blogtalkradio.com/themacroview/2016/09/04/themacroview-episode-5-how-to-fix-education-funding-isnt-the-issue-1Sun, 04 Sep 2016 07:00:00 GMTTheMacroView Episode 5: How to Fix Education, Funding Isn't the IssueThe education system is broken, it has become a prop for politicians to stand on top of as a way to demand more money go into 'their' coffers to spend on 'the children'. It's shameful, it's wasteful, and the result is stagnation and a 3rd generation of people that learned nothing about markets, economics, investing, logic, reason, and statistics. Worse yet, it is not for a lack of funding and effort.  Thus where we are today, the most polarized political landscape since the 1950s, an anti-business culture like nothing seen in this country before, and a populace demanding Government be their savior from the "Evil Market" trying to exploit them. This dangerous philosophy has to end, the best way to do it, competition in education that will foster best practices and lead to a standard in the US that once again is the envy of the World in terms of education. What I am calling for may seem radical, but it is the only way to really do right by the next generation and repair the cultural harm that 3 generations of socialist propoganda in our K-12 and Higher Education system has done.  01:03:00The Macro ViewnoEducation,economic,macreconomics,business,entrepreneurshipTurn Schoolboards into Real Estate Management Cos, What education is REALLY for, why that is important...http://www.blogtalkradio.com/themacroview/2016/09/01/themacroview-pop-up-episode-45--why-do-americans-fear-financial-advisorsFinancehttp://www.blogtalkradio.com/themacroview/2016/09/01/themacroview-pop-up-episode-45--why-do-americans-fear-financial-advisors/#commentshttp://www.blogtalkradio.com/themacroview/2016/09/01/themacroview-pop-up-episode-45--why-do-americans-fear-financial-advisorsThu, 01 Sep 2016 04:00:00 GMTTheMacroView Pop-Up Episode #4.5 - Why Do Americans Fear Financial Advisors? Andrew discusses a recent article from the Denver Post that cites  a study showing most Americans fear financial advisors, and what the current and longer term wealth effects will be for most people. The financial profession exists for a reason, it is an honorable profession to be in, and 99% of advisors have their clients best interest in mind to a fault. They are honest to a fault, they are dedicated to preserving and growing their clients wealth. Why then do most Americans have a deep distrust for financial advisors and investment professionals? Is it that big of a deal? How will this effect American culture, wealth, opportunities and innovation? Brain-Drain from Wall Street, Increasing Criminalization of Everyday Course of Action for Advisors, Increasing recordkeeping requirements and other non-scienter, non-fraud violations that Advisors can face, prosecution in kangaroo courts known as Administrative Proceedings... Have we gone way to far? Are lower income, middle income and even the lower end of upper income individuals and households being neglected as a result? This and More on #TheMacroView Pop-Up Episode #4.5 00:34:00The Macro ViewyesEconomics,investing,culture,jobs,innovationAndrew discusses a recent article from the Denver Post that cites  a study showing most Americans fear financial advisors, and what the current and longer termhttp://www.blogtalkradio.com/themacroview/2016/08/28/themacroview-episode-4-access-to-capitalFinancehttp://www.blogtalkradio.com/themacroview/2016/08/28/themacroview-episode-4-access-to-capital/#commentshttp://www.blogtalkradio.com/themacroview/2016/08/28/themacroview-episode-4-access-to-capitalSun, 28 Aug 2016 04:30:00 GMTTheMacroView Episode 4: Access to CapitalACCESS TO CAPITAL, ACCESS TO CAPITAL, ACCESS TO CAPITAL! How do we get this economy bumpin again? Access to capital for start ups, small businesses, growing business that can put capital to work YESTERDAY. This isn't the old days, you can't walk into the bank with a good idea and 2 paychecks, negotiate terms directly and build a solution for financing that works for you. Only people in certain statuses are even legally allowed to invest in some businesses, banks are constricted by 4+ regulators depending on their business lines, wealthy people know well how hard it is to start and grow a business, and how regulatory barriers to entry increase the cost, in turn to get a wealthy person to invest in your good idea, you need to be in a business that either has government favors built in and easy access to those favors (an uncle that sits on a board with a councilmember) or that has little regulations (software as a service, mobile apps, low productivity - boom or bust type ideas), not to mention you gotta find an court wealthy people to find one that likes your idea. How we can fix this and more will be discussed on Episode 4 01:01:00The Macro Viewnoeconomics,entrepreneurship,business,small business,investingOn tonight's episode we will be discussing why it is so difficult for entrepreneurs to access capital and how we can make it easierhttp://www.blogtalkradio.com/themacroview/2016/08/23/themacroview-episode-3-financial-entanglementFinancehttp://www.blogtalkradio.com/themacroview/2016/08/23/themacroview-episode-3-financial-entanglement/#commentshttp://www.blogtalkradio.com/themacroview/2016/08/23/themacroview-episode-3-financial-entanglementTue, 23 Aug 2016 05:30:00 GMTTheMacroView Episode #3: Financial EntanglementI will discuss the Financial Entanglement that has occurred between powerful organizations, governments, corporations, and how/why the regulators have to protect the status quo.In every industryinnovation - the kind that can cause long-standing companies with their corporate blinders on to go bankrupt, has the potential to be so disruptive it could cause massive financial losses for some of the most powerful organizations in the United States. Every labor union, city, state, even the federal government has pension liabilities that will eat up future tax revenues in the event of significant losses. This could mean forced financial prioritization for major cities, and likely massive cuts, etc. The political picture would be disastourous for leaders in office. Regulators, as the enforcement arms, must maintain the stability, in the elite classes eyes, and this is where the hypocracy and contradictions begin. Government promotes "Clean Energy" but then subsidizes fossil fuel based companies at every level. Locally, utility companies have government granted regional monopolies, all are fossil fuel based. Utility companies, from an investors standpoint, are about as safe as it gets in an equity portfolio, barring corporate scandal, they will likely never go bankrupt. Dodd-Frank, and the promotion of "Ending Too Big Too Fail", while turning around and making "Too Small to Survive" the "New Normal". Consolidation, complacency and lack of lending to growing businesses for real investment is the result +/- 7 years later -This and More on a Special #TheMacroView Check This Out: http://goo.gl/KgkDh4 01:00:00The Macro ViewyesEconomics,Regulatory Environment,Regulations,Bureaucracy,InvestmentI will discuss the Financial Entanglement that has occurred between powerful organizations, governments, corporations, and how/why the regulators have to protechttp://www.blogtalkradio.com/themacroview/2016/08/14/themacroview-episode-2--the-4yr-ba-is-dead-what-young-ppl-should-do-more-1Financehttp://www.blogtalkradio.com/themacroview/2016/08/14/themacroview-episode-2--the-4yr-ba-is-dead-what-young-ppl-should-do-more-1/#commentshttp://www.blogtalkradio.com/themacroview/2016/08/14/themacroview-episode-2--the-4yr-ba-is-dead-what-young-ppl-should-do-more-1Sun, 14 Aug 2016 06:30:00 GMTTheMacroView Episode #2 - The 4YR BA is Dead, What Young Ppl Should Do + More I will be talking about how the factorys are already coming back, but the jobs in those factories, the high paying manufacturing jobs politicians love and love to promise, will not be coming back with the factories. This and more on Episode 2. This and other pressing issues that have a major effect on the labor market, and the inability for people, young people with bachelors degrees specifically, to find good paying jobs that match their 'qualification'. We will discuss why and how the 4 year degree died, we will discuss the jobs that are coming, and will be available for sure both the most available, as well as the highest paying, we're going to talk about how entrepreneurship, innovation, the sharing economy, and other entrepreneurial revolutions can create unexpected and unanticipated opportunities for millions of people to own their own destiny, we will discuss ways public policy reforms can get banks lending again and get wealthy people using markets to redistribute wealth to new ideas, and in the process increase their own wealth along with the wealth and standard of living of the entrepreneur with the idea, the employees they hire, the other investors that subsequently invest as it grows, and the consumers that benefit from the product and service. We will discuss 'The Two Job Mentality' quite a bit, and we will bring up a revolutionary [sarcasm] chain of 2 ideas - "Income Does NOT Necessarily Equal Wealth and Wealth Does NOT Necessarily Equal Happiness". This plus more on TheMacroView: Episode 2 01:30:00The Macro Viewyesmacroeconomics,jobs,millennials,business,entrepreneurshipI will be talking about how the factorys are already coming back, but the jobs in those factories, the high paying manufacturing jobs politicians love and lovehttp://www.blogtalkradio.com/themacroview/2016/08/08/themacroview-episode-1--introduction-common-anti-capitalist-mythsFinancehttp://www.blogtalkradio.com/themacroview/2016/08/08/themacroview-episode-1--introduction-common-anti-capitalist-myths/#commentshttp://www.blogtalkradio.com/themacroview/2016/08/08/themacroview-episode-1--introduction-common-anti-capitalist-mythsMon, 08 Aug 2016 06:00:00 GMTTheMacroView Episode #1 - Introduction & Common Anti-Capitalist Myths TheMacroView is dedicated to passionate, substantive, evidence based discussions regarding the economy, investment, entrepreneurship, education, the job market, public policy, the welfare system and it's effectiveness and much more. The goal is to clearly separate corporatism, cronyism and other mixed economic philosophies, so often branded as capitalism, and real capitalism. Another goal is to get listeners to buy in and believe in the system, understanding that markets will and do listen, not because of, but rather often in spite of government policy.  We will make compelling arguements for why Bureacracies are inherently anti-progress,i.e. how renewable energy is constantly screwed over by regional monopolies owned by utility companies. We will discuss problems with Public Employee Pension systems, and the current social security/entitlement system. We will promote ownership and the concept of a "Two Job Mentality" in which we all understand we have an income producing job (Work) and a Wealth Creation Job (Personal Finances & Investing), we will promote causing social change, environmental change, and demanding accountability by buying a seat at the table of corporate America. We will discuss many issues, promote creative new & time tested solutions to the pressing issues of our time, and we will do all we can to stand up for entrepreneurs, business owners, and especially fiduciaries/custodians/advisors of wealth. We will promote concepts to bring wealthy to the less fortunate from a "Teach them How to Fish" as opposed to a "Give them a Fish" approach, we will talk alot in NUMBERS, hard real Numbers, and alot in historical evidence. We will begin to have guests on and we are currently building out a series of interviews. Eventually we hope to move to video, and also host very compelling debates. 01:30:00The Macro ViewyesInvesting,Entrepreneurship,The American Dream,Public Policy,MacroeconomicsIntroduction to #TheMacroView, Common Anti-Capitalist Myths, Brief of the Philosophy, Logic, and some basic statistics, & a compelling argument to drive down co