Creating Wealth Real Estate Investing With Jason Hartman

Jason welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth. And, Jason announces the winner of the Amazon Echo raffle. Key Takeaways: [01:27] Paige Glenview is the winner of the Amazon Echo raffle. [04:10] SkyNews clip about giving women permission to drive in Saudi Arabia. [06:21] Meet the Masters and ADVenture Alliance event information.   Mike Norman Guest Interview:   [09:40] Modern Monetary Theory (MMT) explains the value of money. [12:39] A tax system is required to create demand for money. [17:31] A fixed monetary system creates cycles of economic depressions and recessions. [19:53] The US national debt