448: Income is Different from Wealth
Listen now
Description
When I talk about the mathematical Wealth Formula, I describe it as Wealth = Leverage (Mass X Velocity). For you physics geeks out there, you can see that I’m ripping off Newton a little bit. In this equation, velocity is your rate of return and leverage is debt such as a mortgage that amplifies positive […]
More Episodes
Buck Joffrey and Zulfi Ali tackle critical issues shaping the U.S. economic landscape, from the mounting government debt and entitlement challenges to the looming risks of a debt crisis. They examine the current state of U.S. debt, its global context, and the future of treasury auctions,...
Published 11/27/24
Published 11/27/24
I have to admit, I can’t wait to see what Elon Musk and Vivek Ramaswamy do with their proposed Department of Government Efficiency (DOGE).  Beyond potentially creating a big pump for Elon’s beloved crypto favorite, Doge Coin, the idea has generated significant discussion about its potential...
Published 11/24/24