Episodes

  • Money for the Rest of Us Update

    Money for the Rest of Us Update
    Sep 24 2025

    This week there isn’t a regular Money for the Rest of Us episode, but David shares an update on what’s happening behind the scenes. He previews an exclusive Plus member livestream on the forces shaping the next decade, explains why there won’t be a new episode next week, and highlights fresh content available on YouTube, Instagram, LinkedIn, and Substack. David also reflects on consistency, community, and the process of writing his second book. Regular episodes return in October.

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    6 mins
  • Resilient Wealth in an Era of Infinite Money

    Resilient Wealth in an Era of Infinite Money
    Sep 17 2025

    What happens when the money supply grows too slowly or too quickly? From gold-standard deflation to QE-driven inflation and inequality, we trace the lessons of monetary history, and what we can do today to protect ourselves in an age of infinite money.

    Topics covered include:

    • How is the money supply measured, and why is it a subjective exercise
    • What is an example of a negative money shock
    • Why an optimal monetary policy would lead to deflation, and why that is a good thing
    • What causes inflation
    • How quantitative easing contributed to wealth inequality
    • What is demurrage currency
    • The unorthodox way Richard Nixon sought to combat high inflation and a strong dollar
    • How to increase our wealth in an era of infinite money


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    Show Notes

    Distribution of Household Wealth in the U.S. since 1989—The Federal Reserve

    M2 (M2SL)—FRED

    Good Versus Bad Deflation: Lesson from the Gold Standard Era by Michael D. Bordo, John Landon Lane, and Angela Redish—NBER

    Speech by Richard Nixon (15 August 1971)—CVCE

    US - Total Market Cap Divided by M2 Money Supply—MacroMicro

    Did Quantitative Easing Increase Income Inequality? by Juan Antonio Montecino and Gerald Epstein—CEPWeb

    Does Quantitative Easing Affect Inequality: Evidence from the US - Nektarios Michail

    Demurrage currency—Wikipedia

    Debt: The First 5,000 Years by David Graeber

    Related Episodes

    482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity

    431: The Long-term Bullish Case for Gold

    336: Own What Is Real

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    26 mins
  • Forests, Fakes, and the Fight for the Real

    Forests, Fakes, and the Fight for the Real
    Sep 10 2025

    From salmon leaping along the Vancouver Island coast to fake bands on Spotify, this episode explores the divide between the physical and digital economy, and what lumber markets, managed forests, and everyday life teach us about staying connected to the real.

    Topics covered include:

    • How timber investing works and why it is reflective of how industries evolve
    • What percent of economic output is physical versus digital, and how has that changed over the past fifty years
    • How households spend their leisure time
    • Why live events stand out in an AI-infested world
    • Does it matter if ad images, videos, and podcasts are fake?
    • Why we need to stay connected to the real


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    Show Notes

    Lumber Prices Are Flashing a Warning Sign for the U.S. Economy by Ryan Dezember—The Wall Street Journal

    Lumber Price—Trading Economics

    J.Crew used A.I. to counterfeit their own vibes—Blackbird Spylane

    American Time Use Survey Summary—U.S. Bureau of Labor Statistics

    Related Episodes

    535: Six Principles for Thriving Under Uncertainty and How Big Tech Is Doing the Opposite

    531: Will AI Wipe Out Half of White Collar Jobs or Is There an AI Bubble?

    60: Are You Hoarding Or Investing?

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    23 mins
  • Why Central Banking Is So Hard and Why Fed Independence Matters

    Why Central Banking Is So Hard and Why Fed Independence Matters
    Aug 27 2025
    Central bankers set policy with incomplete information, unobservable targets, and constant trade-offs between growth, inflation, and employment. In this episode, we delve into how the fight for Federal Reserve independence could impact markets, interest rates, and your financial future.Topics covered include:What Federal Reserve Chair Powell said at the Fed's annual Jackson Hole SymposiumWhat is the Federal Reserve's mission statementWhy is it normal for U.S. presidents to disagree with the Federal Reserve's policy stance?Why attacking the Fed's independence is harmful and could lead to higher interest rates and a weakening dollarWhat causes inflation, and why is it difficult to know the correct level of interest ratesSponsorLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow Notes2025 Statement on Longer-Run Goals and Monetary Policy Strategy—The Federal Reserve BoardTrump says U.S. interest rate is at least 3 points too high—ReutersTrump warns of economic slowdown unless Fed cuts rates, triggering selloff by Howard Schneider and Ismail Shakil—ReutersWhat is the neutral rate of interest? by Sam Boocker, Michael Ng, and David Wessel—BrookingsTrump Moves to Fire Fed’s Cook, Setting Up Historic Fight by Jonnelle Marte and Myles Miller—BloombergDifferent Types of Central Bank Insolvency and the Central Role of Seignorage by R. Reis—Semantic ScholarPowell's Econ 101: Jobs not inflation. And forget about the money supply by Howard Schneider—ReutersRelated Episodes453: The Price of Money – 700 Years of Falling, Can Interest Rates Keep Rising?312: What the Federal Reserve’s New Policies Mean For Your Finances295: Federal Reserve Insolvency and Monetizing the National Debt246: What Central Banks Don’t Know Should Concern YouSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    25 mins
  • How To Invest During a Bubble

    How To Invest During a Bubble
    Aug 20 2025
    From the dot-com boom to today’s AI frenzy, bubbles follow a familiar script. This episode explores how to recognize them, what sustains them, and how to position your portfolio without getting swept up in the hype.Topics covered:How U.S. stock markets are the most concentrated and most expensive of all timeWhat constitutes a bubble and what sustains itHow to invest during a bubbleChanges David recently made in his portfolio in response to the AI bubbleSponsorLinkedIn Jobs – Use this link to post your job for free on LinkedIn JobsInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesI'm Changing How I Manage My Money Because of AI by Hank Green—YouTube% S&P 500 share of top 10 companies by market cap %—Apollo AcademyCharted: S&P 500 Market Concentration Over 145 Years by Kayla Zhu—Visual CapitalistAI’s Moment and Insights from Themes Past by Anil Rao—MSCIHow Pimco Outmaneuvered Apollo and KKR to Win $29 Billion Meta Deal by Carmen Arroyo and Laura Benitez—BloombergHow to invest in a stock market bubble by Stuart Kirk—The Financial TimesBubble, Bubble, Toil and Trouble by Rob Arnott, Bradford Cornell, and Shane Shepherd—Research AffiliatesRelated Episodes535: Six Principles for Thriving Under Uncertainty and How Big Tech Is Doing the Opposite 503: U.S. Stocks Have Never Been This Overhyped or Expensive500: The S&P 500 Index and the Decade Ahead365: Why Some Asset Bubbles Don’t BurstSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    21 mins
  • Six Principles for Thriving Under Uncertainty and How Big Tech Is Doing the Opposite

    Six Principles for Thriving Under Uncertainty and How Big Tech Is Doing the Opposite
    Aug 13 2025

    A practical framework for making better decisions, managing risk, and finding opportunity in unpredictable environments. We contrast these principles with the massive $2.9 trillion AI data center build-out by Big Tech, which is betting big on a single superintelligence future.

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    Money for the Rest of Us Plus

    Show Notes

    Inside the relentless race for AI capacity—The Financial Times

    Inside the AI race: can data centres ever truly be green?—The Financial Times

    The Kanye/Data Center Crossover by Paul Kedrosky—Paul Kedrosky

    Related Episodes

    531: Will AI Wipe Out Half of White Collar Jobs or Is There an AI Bubble?

    520: Where Are We Heading?

    501: Strategy and Systems Want Your Money

    496: Are You Taking Enough Aspirational Risk?

    492: The Power of Optionality: Small Bets, Big Payoffs

    482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity


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    25 mins
  • Why Most Hedge Funds Fail but This One Didn’t with Dave Thomas

    Why Most Hedge Funds Fail but This One Didn’t with Dave Thomas
    Aug 6 2025

    Dave Thomas, CIO and Founder of long/short hedge fund, Atalan Capital Partners, shares why most hedge funds fail and the keys to being a long-term successful investor.

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    Show Notes

    FEG Insight Bridge episode page

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    39 mins
  • How To Better Navigate Money, Risk, Time, and Uncertainty with Carl Richards

    How To Better Navigate Money, Risk, Time, and Uncertainty with Carl Richards
    Jul 30 2025

    David converses with renowned illustrator and financial philosopher Carl Richards on the abstraction of money, attention capital, distinguishing risk from uncertainty, and the importance of taking microactions.

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    Show Notes

    Carl Richard's website, Behavior Gap

    Your Money: Reimagining Wealth in 97 Simple Sketches by Carl Richards

    Related Episodes

    496: Are You Taking Enough Aspirational Risk?

    394: How to Get Better at Risk Taking

    135: Embrace the Messiness

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    38 mins