379: The Great Demographic Reversal, Ageing, Inequality & Inflation Revival by Charles Goodhart (Goodhart’s Law)

Charles Goodhart and Manoj Pradhan join today to elaborate on a significant global prediction that low-interest rates won’t last. When they go away, it will place substantial hardship on the economy. Charles and Manoj authored the book The Great Demographic Reversal, a book that will outline the rise in inflation and interest rates but lead to a pullback in inequality. Ultimately, Charles Goodhart shares Goodhart’s Law. Books: The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival Key Takeaways: [2:00] It’s a time to be thankful.  [3:20] The Fannie Mae loan limits are going to be increasing!  [4:15] Jason Hartman Flash Briefing: The Story of Inflation [7:50] How are Manoj and Charles connected? [10:20] How have globalization and technology influenced inflation?  [13:45] The debt ratios around the world have been jumping up very sharply.  [14:00] Will interest rates go up? [15:00] The best way to get out of debt is to grow faster. [17:00] Japan is aging itself out of existence with its extremely low birthrates.  [18:20] Robots won’t do; we need a reallocation from one part of the economy.  [22:00] Why is the dependency ratio so important? [23:45] The way Japan has been treated has been symptomatic of many of the analysis problems that we see in the global economy.  [25:45] Manoj comments on what allowed Japan’s debt to get so high. [27:25] One result of the pandemic was that every country becomes more national and self-reliant.  [29:45] Are we moving into an era of stagflation? [30:15] What kind of inflation is coming? US or Global? And how much? [35:00] Goodhart’s Law Websites: jasonhartman.com/protect JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN