2184 FBF: Bubble Machines, Griftopia, Vampire Squids & Long Con That Is Breaking America with Matt Taibbi
Manage episode 429746596 series 3563509
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?
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2118 episódios