James Altucher

Nobody does it, though. But that's an alternative to whatever people are doing now, which is just straight riding Uber. So when people look, there's always alternatives. to find cheaper goods or goods that are trying to be more competitive because they're made domestically. So they're cutting prices to to compete with when they couldn't compete before with the Chinese products or whatever.

Nobody does it, though. But that's an alternative to whatever people are doing now, which is just straight riding Uber. So when people look, there's always alternatives. to find cheaper goods or goods that are trying to be more competitive because they're made domestically. So they're cutting prices to to compete with when they couldn't compete before with the Chinese products or whatever.

Nobody does it, though. But that's an alternative to whatever people are doing now, which is just straight riding Uber. So when people look, there's always alternatives. to find cheaper goods or goods that are trying to be more competitive because they're made domestically. So they're cutting prices to to compete with when they couldn't compete before with the Chinese products or whatever.

So, yes, it's true. People don't care where the inflation comes from, but there's not going to be individual products might rise in prices, but you can't have overall inflation because where there's no money for that if there's not extra money in the economy.

So, yes, it's true. People don't care where the inflation comes from, but there's not going to be individual products might rise in prices, but you can't have overall inflation because where there's no money for that if there's not extra money in the economy.

So, yes, it's true. People don't care where the inflation comes from, but there's not going to be individual products might rise in prices, but you can't have overall inflation because where there's no money for that if there's not extra money in the economy.

Yeah, so if money is printed, if money is printed, then there will be inflation. But that's not necessarily a bad thing either. We've had... 30,000 or whatever percent inflation since 1903, right? So three cents in 1903 could buy what a dollar could buy now, more or less. But our quality of life has gone up amazingly. Inflation is not necessarily a bad thing.

Yeah, so if money is printed, if money is printed, then there will be inflation. But that's not necessarily a bad thing either. We've had... 30,000 or whatever percent inflation since 1903, right? So three cents in 1903 could buy what a dollar could buy now, more or less. But our quality of life has gone up amazingly. Inflation is not necessarily a bad thing.

Yeah, so if money is printed, if money is printed, then there will be inflation. But that's not necessarily a bad thing either. We've had... 30,000 or whatever percent inflation since 1903, right? So three cents in 1903 could buy what a dollar could buy now, more or less. But our quality of life has gone up amazingly. Inflation is not necessarily a bad thing.

It's what basically fueled all the innovation and discovery in the United States because there was excess money floating around that went into inventing new things for our money hungry consumers to buy.

It's what basically fueled all the innovation and discovery in the United States because there was excess money floating around that went into inventing new things for our money hungry consumers to buy.

It's what basically fueled all the innovation and discovery in the United States because there was excess money floating around that went into inventing new things for our money hungry consumers to buy.

No, I'm not, I'm not saying that. I'm saying even in a, right now, for instance, you could buy Amazon gift cards and buy all your groceries through Amazon at 80 cents on the dollar. So this is just, what I'm saying is there's an alternate, people will start being creative and think of alternatives to way they're spending now.

No, I'm not, I'm not saying that. I'm saying even in a, right now, for instance, you could buy Amazon gift cards and buy all your groceries through Amazon at 80 cents on the dollar. So this is just, what I'm saying is there's an alternate, people will start being creative and think of alternatives to way they're spending now.

No, I'm not, I'm not saying that. I'm saying even in a, right now, for instance, you could buy Amazon gift cards and buy all your groceries through Amazon at 80 cents on the dollar. So this is just, what I'm saying is there's an alternate, people will start being creative and think of alternatives to way they're spending now.

It doesn't matter if you're rich, not rich, poor, middle class, whatever. You might not buy a car that just went up from $80,000 to $100,000. You might say, look, I'm fine with the car that's $70,000. And so people will just start looking for alternatives, particularly if you're not making more money.

It doesn't matter if you're rich, not rich, poor, middle class, whatever. You might not buy a car that just went up from $80,000 to $100,000. You might say, look, I'm fine with the car that's $70,000. And so people will just start looking for alternatives, particularly if you're not making more money.

It doesn't matter if you're rich, not rich, poor, middle class, whatever. You might not buy a car that just went up from $80,000 to $100,000. You might say, look, I'm fine with the car that's $70,000. And so people will just start looking for alternatives, particularly if you're not making more money.

Now, if money is printed, which it could be, people will have more money in general and there will be inflation in the economy and whether that's a good thing or a bad thing will have to be determined in the future but that is one way to avoid a recession that's why they printed money in the pandemic to avoid a depression so and it worked i mean there was inflation but we avoided a depression

Now, if money is printed, which it could be, people will have more money in general and there will be inflation in the economy and whether that's a good thing or a bad thing will have to be determined in the future but that is one way to avoid a recession that's why they printed money in the pandemic to avoid a depression so and it worked i mean there was inflation but we avoided a depression