Guest: John Tamny. Tamny explains Adam Smith's division of labor using the iPhone as an example, arguing that money exists solely to circulate goods and requires stability.

Season 8, Episode 459,   Feb 15, 03:14 AM

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Guest: John Tamny. Tamny explains Adam Smith's division of labor using the iPhone as an example, arguing that money exists solely to circulate goods and requires stability.
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Guest: John Tamny. Using Elon Musk's ventures, Tamny illustrates that credit naturally seeks talent and innovation, arguing that Federal Reserve interest rates do not impact high-risk startups.v
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