American Monetary Association

Jason Hartman talks with John Tamny, director for the Center for Economic Freedom, Editor of Real Clear Markets, and author of Who Needs the Fed?: What Taylor Swift, Uber, and Robots Tell Us About Money about why he believes the Fed doesn't have anywhere near the power they're given credit for, why their policies aren't effective in today's world, and why demographics may not be as useful as they're believed. John & Jason also discuss the impact of automation on all aspects of our life. John is excited about what all of this change will mean for the common worker and believes it will lead to higher quality of life for all. Key Takeaways: [1:58] How Uber made John realizing something about the Fed [5:41] The importance of the Fed is vastly overstated [10:43] The idea that the rest of the world is in on some deal where they hold worthless treasuries isn't realistic [13:40] Demographic arguments regarding Japan don't hold a lot of weight with John [17:27] Money flows to its highest use, regardless of the Fed