Socialism, the Fed, and the Hidden Costs of Real Estate Investing

Listener suggestion,

Corey.

Let's hear it.

Yeah, so thank you to our listener who asked this question.

So I'm going to read this first to you, Jake.

Go ahead.

How can we address the economics of socialism without being, quote, political? He then sent a clip or a snippet, I should say, from- Quotes.

That's the right word I'm looking for.

A quote from an op-ed from the Wall Street Journal.

It said that socialism is the cool new way to get elected.

The mantra is effective.

Oh, we just want more affordable housing.

And then simply whisper sweet nothing like free buses, cheap groceries, and frozen rent into the ears of the young, naive, economically illiterate, free-riding, over-degreed, underpaid, at least compared with their high self-regard.

voters who think, surely the socialist central planners will appreciate my talents.

It works, and they're getting the votes.

Okay, that's the quote.

And then the last point here from our listeners, you and Jake talked about educating kids about economics and finance early.

How can that be done? How can we stop this generational loss? I'm a fan of this for years as even basic accounting, making change, math cannot be done by workers.

Yeah, thank you for this question.

It's a big one.

Yeah.

So for my thoughts, how can we address the economics of socialism without being political? I think it's impossible.

I agree.

I think socialism by its definition is a political stance.

Now, whether it's right or wrong, that's up to our viewers' interpretation.