Money For the Rest of Us

Why productivity growth is key to creating wealth. Why U.S. productivity growth is slowing, and what we can do to increase business and personal productivity.Topics covered include:How productivity is measured and how it relates to GDP, inflation, and living standardsHow productivity growth has led to more food, better health, better housing, and more consumer goods.What are potential reasons why productivity growth is slowingEvidence that work from home has led to lower productivityWhat individuals and businesses can do to increase productivityBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to LinkedIn and Hello Fresh for sponsoring the episode. Use code david12off for 12 free meals with free shipping from Hello Fresh.For more information on this episode click here.Show NotesThe Slowdown in Productivity Growth and Policies That Can Restore It by Emily Moss, Ryan Nunn, and Jay Shambaugh—The Hamilton ProjectThe technology-employment trade-off: Industry, automation, and income effects by Gene Kindberg-Hanlon—World Bank BlogsWill productivity and growth return after the COVID-19 crisis? by Jan Mischke, et al.—McKinsey & CompanyWork from Home & Productivity: Evidence from Personnel & Analytics Data on IT Professionals by Michael Gibbs, Friederike Mengel, Christoph Siemroth—Becker Friedman Institute for EconomicsThe Work of the Future: Building Better Jobs in an Age of Intelligent Machines by David Autor, David Mindell, and Elisabeth Reynolds—Massachusetts Institute of TechnologyHow to Stop Worrying and Love the Robot Apocalypse (Ep. 461) by Stephen J. Dubner, Produced by Zack Lapinski—FreakanomicsIs working from home bad for productivity? by Claire Jones—Financial TimesA World Without Email: Reimagining Work in an Age of Communication Overload by Cal NewportEffortless: Make It Easier to Do What Matters Most by Greg McKeownRelated Episodes142: Why Are Some Nations Wealthier Than Others?231: What Determines How Much You Make300: Ray Dalio and the Changing World Order331: Why Do We Work So Much?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How today's inflationary environment is similar and different from the great inflation of the 1970s. What are the best assets to protect your portfolio if the next great inflation is here.Topics covered include:How is inflation measured and why the pandemic made calculating inflation difficultWhat causes inflationWhy is inflation increasing currentlyWhat caused the great inflation of the 1970sWhich assets are best to own to protect against inflationBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Blinkist and IPVanish for sponsoring the episode.For more information on this episode click here.Show NotesA Complete Guide to Understanding and Protecting Against Inflation—Money For The Rest of UsGreat Inflation 2.0? Lessons from the 1970s by Simon Macadam—Capital EconomicsWhen it comes to inflation, how much fortitude does the Fed have? by Sebastion Mallaby—Financial TimesIf Inflation Is Coming, Here Is What to Do About It by James Mackintosh—The Wall Street JournalA Complete Guide to Investing in TIPS and I Bonds—Money For The Rest of Us334 Plus: A New Inflation ETF, Inverse ETFs, and Excess CAPE Yields—Money For The Rest of UsIVOL ETF Analysis and Review—Money For The Rest of UsWhat is Roll Yield and How It Impacts Commodity and VIX ETF Returns—Money For The Rest of UsDIVIDENDS: THEORY AND EMPIRICAL EVIDENCE—Aaron Brask Capital, LLC.Related ContentA Complete Guide to Understanding and Protecting Against InflationA Complete Guide to Investing in TIPS and I BondsIVOL ETF Analysis and ReviewWhat is Roll Yield and How It Impacts Commodity and VIX ETF Returns336: Own What Is Real337: Why in the World Would You Own Bonds?338: The National Debt, Inflation, and the U.S. Dollar—What Could Go Wrong?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Seven ways to manage fear in order to improve your investing. How fear can be beneficial.Topics covered include:Why fear can be both helpful and harmfulWhy expected investment returns are lower from a year agoWhat are the drivers of asset class returnsWhat is a bucket approach to investing and why it can be helpfulWhat are ways to automate investingWhy getting an investment second opinion can be valuableWhy we can never avoid investing mistakesBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Raycon and Policygenius for sponsoring the episode.For more information on this episode click here.Show Notes“How do I get rid of the fear?” by Seth Godin—Seth's BlogThe Gift of Fear by Dharmavidya David Brazier—Tricycle: The Buddhist ReviewRelated Episodes254: Should You Be 100% Invested In Stocks?306: Three Approaches to Asset Allocation326: The New Math of Retirement Spending and InvestingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How businesses, households, governments, asset managers, and investors interact in unpredictable ways to address the risks and opportunities related to climate change and other global trends. Why ESG investing goes beyond just buying an ESG fund or ETF.Topics covered include:What are incentives, constraints, opportunities, and risks faced by businesses, households, governments, asset managers, and investors when deciding what to do.What is ESG and sustainable investingWhat are the different levels of sustainable investing practiced by investors and asset managersHow investors can benefit from emerging technologies to combat climate changeThanks to Mint Mobile and Clear for sponsoring the episode. Use code David for two months free of Clear.For more information on this episode click here.Show NotesThe Beauty of Everyday Things by Soetsu Yanagi (affiliate link)Darmstadt Definition of Sustainable Investments by Johannes Hoffmann, Gerhard Scherhorn, Timo Busch (eds.)—Wuppertal InstituteFACT SHEET: President Biden Sets 2030 Greenhouse Gas Pollution Reduction Target Aimed at Creating Good-Paying Union Jobs and Securing U.S. Leadership on Clean Energy Technologies, APRIL 22, 2021—The White HouseCDP Climate CharityDrawdown Framework—Project Drawdown‘I Will Get Very Serious About ESG — But Not Yet,’ Allocators Claim by Amy Whyte—Institutional InvestorHow Sensitive are Optimal Fully Renewable Power Systems to Technology Cost Uncertainty? by Behrang Shirizadeh, Quentin Perrier, and Philippe QuirionTechno-optimism, behaviour change and planetary boundaries by Adair Turner—Keele World Affairs Lectures on SustainabilityActivate Your Money: Invest to Grow Your Wealth and Build a Better World 1st Edition by Janine Firpo (affiliate link)Making Sense Podcast 244 - Food, Climate, and Pandemic Risk—Sam HarrisWhy Invest in Disruptive Innovation?—Ark InvestRelated Episodes77: Does Ethical Investing Outperform the Market?118: Are Renewable Energy ETFs a Good Investment?140: How Climate Change Could Impact Your Investments and Your Life251: Impact Investing and IntentionalitySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What is decentralized finance and how it is seeking to solve the shortcomings of centralized finance. How BlockFi and MakerDAO, early entrants in the DeFi space work. How to earn up to a 9% yield with cryptocurrency lending.Topics covered include:How centralized finance differs from decentralized finance (DeFi)What are the shortcomings of centralized finance and why decentralized finance is more inclusiveWhat are the key elements of DeFiHow Ethereum smart contracts workHow MakerDao and Dai work and replicate many aspects of the modern financial systemHow BlockFi operates using overcollateralized and undercollateralized loansWhat are the risks of cryptocurrency lending using BlockFi and DaiThanks to LinkedIn and Truebill for sponsoring the episode.For more information on this episode click here.Show NotesCrypto Lending Interest Rates for April 2021—DeFi RateDeFi and the Future of Finance by Campbell R. Harvey, Ashwin Ramachandran, and Joey SantoroMillions Lost: The Top 19 DeFi Cryptocurrency Hacks of 2020 by Anton Tarasov—Crypto BriefingBitcoin Lending & Borrowing w/ BlockFi’s Zac Prince & Mark Yusko—Bitcoin Fundamentals by the Investor's Podcast NetworkBlockFi lands a $350M Series D at a $3B valuation for its fast-growing crypto-lending platform by Mary Ann Azevedo—Tech CrunchBlockFi Hacked Following SIM Swap Attack, But Says No Funds Lost by Graham Cluley—TripwireMaker Protocol Full Guide: How to Make Money with DAI by Evan Ezquer—Asia Crypto TodayDeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop by Brady Dale and William Foxley—CoinDeskCelsius Network Interest Rates, Explained—CelsiusWhat Crypto Lender Celsius Isn’t Telling Its Depositors by Nate DiCamillo—CoinDeskRelated Episodes304​: A 15% Guaranteed Return? Lending on the Fringes of Finance319: Here Come Central Bank Digital Currencies335: Are Non-Fungible Tokens Good Investments?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

With a ballooning U.S. federal budget deficit, a growing national debt, and double digit increases in the money supply, is it time to bet against the dollar?Topics covered include:What is driving the double digit increases in U.S. home pricesWhy hasn't inflation spiked in line with rising home pricesWhat is the velocity of money and why is it fallingWhat are three schools of thought regarding what causes inflationWhat is the average interest rate and maturity schedule of the U.S. national debtHow the Bank of Amsterdam is an example of how central banks can go insolvent and shut downWhy the dollar has an exorbitant privilegeThanks to Policygenius and Hello Fresh for sponsoring the episode. Use code david12off for 12 free meals with free shipping from Hello Fresh.For more information on this episode click here.Show NotesWhere Did Americans Move in 2020? by Janelle Cammenga—Tax FoundationVelocity of M2 Money Stock (M2V) Chart—Federal Reserve Bank of St. LouisFederal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSGDA188S) Chart—Federal Reserve Bank of St. LouisHow the CPI measures price change of Owners’ equivalent rent of primary residence (OER) and Rent of primary residence (Rent)—U.S. Bureau of Labor StatisticsConsumer Price Index – March 2021—U.S. Bureau of Labor StatisticsTable 1 (2017 – 2018 Weights). Relative importance of components in the Consumer Price Indexes: U.S. city average, December 2020—U.S. Bureau of Labor StatisticsInflation and Debt by John H. Cochrane, Fall 2011—National AffairsUS Government Finance: Debt by Dr. Edward Yardeni and Mali Quintana—Yardeni Research, Inc.Can the Central Bank Alleviate Fiscal Burdens? by Ricardo Reis—London School of Economics and Political ScienceBIS Working Papers No 902 An early stablecoin? The Bank of Amsterdam and the governance of money by Jon Frost, Hyun Song Shin, and Peter Wierts—Bank of International SettlementsEXCHANGE ARRANGEMENTS ENTERING THE 21ST CENTURY: WHICH ANCHOR WILL HOLD? by Ethan Ilzetzki, Carmen M. Reinhart, and Kenneth S. RogoffRelated Episodes and ContentA Complete Guide to Understanding and Protecting Against Inflation287: What Causes Hyperinflation and How To Prepare For It295: Federal Reserve Insolvency and Monetizing the National DebtSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

With interest rates rising does it still make sense to own bonds? Yes. This episode explores the role of bonds including why they are more effective at hedging stock losses than protective put options.Topics covered include:David's business and investment philosophyHow bond funds have performed in 2021Three disparate views on the direction of interest rates from Capital Economics, Ray Dalio, and Hoisington Investment Management CompanyHow to invest in China bondsWhy owning bonds is cheaper and more effective at hedging stock market losses than put optionsHow covered call strategies workHow to decide on your allocation to bonds versus stocksThanks to Mint Mobile for sponsoring the episode.For more information on this episode click here.Show NotesWhat I think, not what I thought – Jason FriedWhy in the World Would You Own Bonds When… – Ray DalioExplainer: Foreign access to China’s $16 trillion bond market – ReutersThe True Cost of Hedging S&P Downside - Movement CapitalRevisiting Covered Calls and Protective Puts: A Tale of Two Strategies – Bryan FolticePathetic Protection: The Elusive Benefits of Protective Puts – Roni IsraelovRelated Episodes302: Investing Is Not Knowing255: With Interest Rates Falling, Why Do You Own Bonds?225: How To Invest in BondsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

There has never been this much money in the world. Now is the time to own real property.Topics covered include:How to buy something with BitcoinHow cryptocurrencies are similar and different from fiat currenciesWhat is legal tenderWhy there has never been this much money in the worldWhy central banks can control interest rates but not inflationWhat real property should investors ownThanks to Truebill and Babbel for sponsoring the episode. Use code David for Babbel to get an additional three months free.For more information on this episode click here.Show NotesThe Power of Gold: The History of an Obsession by Peter L. BernsteinIRS Virtual Currency Guidance Announcement 2014-21—Internal Revenue ServiceLegal Tender Status—U.S. Department of the TreasuryIndia to propose cryptocurrency ban, penalising miners, traders - source by Aftab Ahmed, Nupur Anand—ReutersExecutive Order 6102—Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to the Government by Franklin D. Roosevelt—The American Presidency ProjectTotal Circulating Bitcoin—Blockchain ChartsFederal Reserve statistical release: Factors Affecting Reserve Balances, March 18, 2021—United States Federal ReserveMoney Stock Measures – H.6 Release, March 23, 2021—Board of Governors of the Federal Reserve SystemM2 Money Stock/Gross Domestic Product—Federal Reserve Bank of St. LouisMonthly Budget Review: Summary for Fiscal Year 2020—Congressional Budget OfficeA Fed With No Fear of Inflation Should Scare Investors by James Mackintosh—The Wall Street JournalBiden Administration Officials Put Together $3 Trillion Economic Plan by Ken Thomas and Andrew Duehren—The Wall Street JournalTurkey faces a currency crisis after Erdogan sacks his central banker—The EconomistRelated Episodes295: Federal Reserve Insolvency and Monetizing the National Debt316: Paper, Rocks, or Digits—What Makes the Best Money322: Why Currency Exchange Rates MatterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How do non-fungible tokens work, what are the risks, and how do NFTs fit within the landscape of investments.Topics covered include:Investing in physical art versus cryptoartHow NFTs work on the ethereum blockchainHow Ethereum differs from BitcoinWhat is the purpose of investing and are NFTs investmentsHow much energy do cryptocurrencies and the financial system consumeWhat are the risks of NFTsThanks to Amazon Pharmacy and SmartAsset for sponsoring the episode.For more information on this episode click here.Show NotesWant to Buy an NFT? Here’s What to Know by Amber Burton—The Wall Street JournalFrom Crypto Art to Trading Cards, Investment Manias Abound by Erin Griffith—The New York TimesNFTs, explained by Mitchell Clark—The VergeHERE IS THE ARTICLE YOU CAN SEND TO PEOPLE WHEN THEY SAY “BUT THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?” by Everest Pipkin39% of PoW mining is powered by renewables – Cambridge University Cryptoasset study by Gareth Jenkinson—The Daily ChainCambridge Bitcoin Electricity Consumption IndexBitcoin Energy Consumption Index—DigiconomistEthereum Energy Consumption Index (beta)—DigiconomistThe Bitcoin vs Visa Electricity Consumption Fallacy by Carlos Domingo—Hacker NoonHow much would you pay for a virtual sofa? by Anne Quito—QuartzThe Wisdom of Finance: Discovering Humanity in the World of Risk and Return by Mihir DesaiTechno-optimism, behaviour change and planetary boundaries by Adair Turner—Keele World Affairs Lectures on SustainabilityRelated Episodes167: Is Bitcoin Better At Money Than The Dollar?182: Was Tulipmania Just Like Bitcoin?228: How Tokenization Will Radically Change InvestingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How much can you earn investing in farmland and what are the risks? What are the ways to invest in farmland?Topics covered include:What determines farmland investment returnsHow much has U.S. farmland appreciated historicallyHow much income does farmland investing generateWhy the amount of U.S. farmland is shrinkingHas another commodity supercycle startedWhy U.S. farmers are dependent on exportsWhat are farmland investing risksWhat farmland investment vehicles are availableHow to evaluate a farmland investment opportunityThanks to LinkedIn and Policygenius for sponsoring the episode.For more information on this episode click here.Show NotesFarmland Values, Land Ownership, and Returns to Farmland, 2000-2016 by Christopher Burns, Nigel Key, Sarah Tulman, Allison Borchers, and Jeremy Weber—United States Department of AgricultureLand Values 2020 Summary—United States Department of AgricultureFarming and Farm Income—Economic Research Service United States Department of AgricultureAgricultural Markets and Prices: Towards 2025—Organisation for Economic Co-operation and DevelopmentU.S. Agricultural Trade at a Glance—Economic Research Service United States Department of AgricultureWhy Invest In Farmland?—AcreTraderFarmTogetherFarmland Index Posts First Negative Return in 19 Years by Mike Walsten—Pro FarmerNCREIF Farmland Property IndexLumber Prices Are Soaring. Why Are Tree Growers Miserable? by Ryan Dezember and Vipal Monga—The Wall Street JournalPistachio industry looks to reposition product amid supply boom by John Cox—The Bakersfield CaliforniaRelated Episodes218: Is China or the U.S. More Vulnerable?232: Is It Time To Invest In Commodities?328: Are You Underweight Chinese Stocks? Pros and Cons of Investing in ChinaSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.