The wavelike movement effecting the economic system, the recurrence of periods of boom which are followed by periods of depression is the unavoidable outcome of the attempts, repeated again and again, to lower the gross market rate of interest by means of credit expansion.
—Ludwig von Mises, Human Action: A Treatise on Economics (1949) pg. 570.
"The quantity of money has a unique and profound effect on the level of income, output, and prices. But that effect depends critically on how rapidly money turns over, on the velocity of circulation."
—Milton Friedman, The Optimum Quantity of Money and Other Essays (1969), p. 188.
Welcome to the 59th episode of The Hale Report. My name is Lyric Hughes Hale, editor-in-chief of econVue, and your host.
My guest is a household name in the world of finance, John Mauldin of Mauldin Economics. As you'll hear from our lighthearted banter on serious topics, John and I go way back. Uniquely, he is both highly knowledgeable, and entertaining. He makes complex topics approachable to broad audiences, including more than a million subscribers to his free weekly newsletter, Thoughts from the Frontline.
John Mauldin is co-founder of Mauldin Economics. He has also written seven books on economics and finance, focusing on macroeconomic issues and the future of the global economy. His perspective is sought after in the financial industry for thought-provoking viewpoints, and by investors for his personal approach to money.
Together with Mauldin Economics, he hosts the annual Strategic Investment Conference. I had the pleasure of speaking at his conference last April, on China.
Mauldin is always looking for new ideas, including technological game changers. He is not just interested in long term investments, but in human longevity and healthy living, and will be announcing some new projects in the very near future.
Born in Texas, and a graduate of Rice University, he currently lives in Puerto Rico and is the proud father of eight children, five of whom are adopted from around the globe. He is diversity personified. His mission (when he is not fishing) is to make investors aware of the risks inherent in business cycles, so that their boats are better prepared to weather any storms.
Topics Discussed
With his vast experience, John and I dive into a wide range of subjects, including:
Monetary policy (Fed pivot, velocity of money, monetarist vs Austrian economics)
Geopolitical outlook (China vs India)
Financial strategy (Debt, The Great Reset, price controls)
Health and longevity (Health-Wealth connection)
I hope you enjoy the podcast. To continue to receive notifications of new podcasts, articles and panels, and to support our work, please subscribe.
📍Chicago
With many thanks to all the people behind the scenes who make econVue possible, especially our producer, Sam Fu.
John Mauldin: The Hale Report Ep. 59