Rubber Meets The Road Economics: Exploring the forces shaping our economy with Professor Edwin T. Burton
Welcome to ’Rubber Meets The Road Economics,’ where investor Hunter Craig and Professor Edwin T. Burton from the University of Virginia explore the forces shaping our economy. Each episode breaks down complex economic concepts into clear, relatable insights. From globalization and technology to behavioral economics and policy impacts, we cover the topics that influence your daily life. Whether you’re an enthusiast or just curious, join us for engaging discussions that deepen your understanding of economics. Subscribe now and follow us for updates.
Episodes
13 hours ago
13 hours ago
In episode 2, Hunter Craig and Dr. Edwin Burton discuss the U.S. deficit and debt crisis. They explore the projected budget deficit for 2024, the national debt predictions, and the challenges of balancing the budget. Dr. Burton emphasizes the need for healthcare and Social Security reforms, realistic economic forecasts, and thoughtful policy changes to navigate the economic challenges effectively.
"The national debt is currently around $30 trillion, but with obligations like the Social Security Trust Fund, the real fiscal debt amounts to $36 trillion, which is 123% of GDP." - Dr. Edwin Burton
"We have never spent this percentage of our GDP in peacetime, ever. It's never happened in history." - Dr. Edwin Burton
"Inflation, by definition, is the decline in the value of the currency. That's the definition." - Dr. Edwin Burton
"The free market is the fairest way to allocate anything. But once you decide we're going to ration things, the government's going to be fair, those are words that should terrify you." - Dr. Edwin Burton
"The solution is for both political parties to get together and say, okay, we can only spend 20% of our GDP. What are we going to do?" - Dr. Edwin Burton
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Monday Jun 17, 2024
Navigating Inflation and Economic Challenges with Professor Edwin Burton
Monday Jun 17, 2024
Monday Jun 17, 2024
In Episode 1 of 'Rubber Meets The Road Economics,' investor Hunter Craig interviews Professor Edwin Burton from the University of Virginia. The discussion covers Professor Burton's extensive background in academia and Wall Street, the impact of inflation, the significant increase in the money supply, and current economic policies.
Key insights include the consequences of government spending, rising interest rates, and their implications on the economy. Professor Burton also shares personal anecdotes and historical comparisons to explain the complexities of modern economics.
00:00 Introduction to the Podcast
00:28 Meet Professor Edwin Burton
00:55 Professor Burton's Background
03:57 Discussion on Inflation and Money Supply
08:30 Impact of Government Spending
21:21 Historical Perspective on Interest Rates
29:42 Closing Thoughts and Famous Stories
31:11 Conclusion and Future Episodes
Monday Jun 17, 2024
Monday Jun 17, 2024
We're excited to introduce 'Rubber Meets The Road Economics,' a podcast that delves into the dynamic world of economics and its real-world impacts. Hosted by investor Hunter Craig, each episode features insightful conversations with renowned economics professor, Dr. Edwin Burton from UVA.
Discover how globalization, technology, behavioral economics, and policy decisions shape our lives and the economy. Whether you're an economics enthusiast or just curious, this podcast offers clear, engaging discussions that will deepen your understanding of the financial forces at play.
Listen to our trailer now and subscribe on your favorite podcast platform. Follow us on social media for updates and bonus content. Get ready to navigate the world of economics with clarity and confidence. This is 'Rubber Meets The Road Economics.'