Jason Hartman talks with Alan Beaulieu, President & Principal at ITR Economics and author of Prosperity in the Age of Decline, about what’s going on in our economy when it comes to energy, inflation, and millennials. The two take a look at the difference between virtuous and non-virtuous inflation, how the millennials might respond to seeing actual inflation (and ways you can educate yourself about how times used to be different) and why you should be excited about the things that are coming. Alan also gives his thoughts on the recent tariffs and tax reform.
[4:16] What’s coming in the economy next
[6:15] What is “virtuous” and “non-virtuous” inflation?
[9:17] In 12 years there will be 30 million more people drawing down on Medicaid and Social Security
[13:24] Every single industry is having problems finding enough people, so the future isn’t as bleak as you might think
[16:49] The 5 sources of inflation
[20:24] We’re in a golden age with stable energy
[22:40] The 3 reasons Alan’s excited about where we’re headed