Mon, 5 April 2021
1669: Real House Price Index, Lease Option, Is Capitalism Sustainable? & Tomorrow 3.0, Transaction Costs & the Sharing Economy with Mike Munger
Jason Hartman has been saying that house prices now are nominally high but cheap in the way that people ACTUALLY buy houses. Now it seems that other people are coming around to that realization as well. Could it be true that housing is cheap than it's been in a generation?
And in the interview part of today's show, when a libertarian is saying it may be time for Universal Basic Income (UBI), does that mean it's come mainstream?
Mike Munger, Professor at Duke University and author of the new book Platforms: The Perils and Promise, joins Jason Hartman to discuss the potential of a $15 minimum wage, and what that would do to the economy vs what a UBI could do. The two also discuss asset prices, monopolies, and what HAS to be fixed with our current version of capitalism.
[3:29] Even with the runup in prices, housing is still cheap
[7:29] Housing got 4.8% cheaper year over year since 2020
[11:06] The new branch of Jason's company
Mike Munger Interview:
[14:47] What is the 3rd revolution
[20:17] Why Mike is in favor of Universal Basic Income
[24:48] How do you find the ideal amount of UBI?
[29:19] Asset prices cause inequality
[31:21] Is it time to reexamine what we call antitrust?
[36:10] Capitalism is becoming cronyism in the USA. Is that sustainable?