Fiscally Fit Quiz - Jason Hartman's Financial Freedom Report

Irvine, California May 26, 2010 Michael Munger

, Duke University's political science chair and former candidate for Governor in the state of North Carolina, joins Jason Hartman of the Creating Wealth Show to talk about the government's role in the current economy and how to become wealthy while others attempt to find their path to financial freedom. Michael states during podcast number 134, "our own government created a trap," while he refers to the recent tumble of the economy, "our government provided a variety of subsidies for home ownership which disguises the fact that people who couldn't own homes would actually be put into them." He then continues to state that the government implied that the housing market always appreciates in value, and between people buying into their idea of everlasting appreciation and people now owning homes that normally could not, is what actually led to the housing bubble to burst.

During this episode, Michael and Jason agree that the government is spending their way out of the current recession, which is believed to eventually inflate the currency once people start using their fiat money to buy the goods being produced. Michael believes in the Milton Friedman theory that growing and maintaining the increase in the money supply at an acceptable level each year can mitigate inflation; however, in the current economy, doing such a thing will most likely cause high rates of unemployment and the current politicians in office may not stand for that scenario. Michael suggests the closest thing to "risk free" in order to beat future inflation is to acquire single-family residential real estate income properties using fixed rate debt.

Michael Munger, a former candidate for Governor in North Carolina during the 2008 candidacy states that he may again run for Governor during the 2012 election year. Munger is sticking to his Libertarian roots regardless of the 2.8% of votes in 2008. He believes that democrats have expected too much self-entitlement and that the republicans have become opposed to capitalism to protect themselves against future competition.

Jason Hartman's Creating Wealth Show has featured many recognizable names in recent years including Michael Gerber, Pat Buchanan, Addison Wiggin, David Allen, Peter Schiff and many others. The Creating Wealth Show is available for free on www.JasonHartman.com/radioshows or the iTunes store, and offers investment strategy advice to those who wish to be financially independent through income property investing. To speak with an experienced investment counselor, you can call 714-820-4200 or visit www.JasonHartman.com for more details.

Fiscally Fit Quiz - Jason Hartman's Financial Freedom Report

By: John Beckham

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