Financial Friday: Socialism, Racism, & Real Numbers

FF: Socialism, Racism, & Real Numbers

While nominal value may be increasing for items like the Dow, the real numbers tell a different story. You need to know the difference to be able to make good decisions for yourself. We also cover Mamdani's plan to tax white neighborhoods more and what New York City may be like in the future. We cover illegal activities from a state representative in Florida, tipping culture, and gold. Why are rents dropping in Argentina? Javier Milei has taken many actions that are making housing more affordable in his country. What can the U.S. learn from them? If you don't have accountability or good incentive structures, you end up with a lot of waste, fraud, and abuse. Pendulums eventually swing to the other side, and we are heading toward more accountability and freedom!

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