The Economy is Not As Bad As You Think – With Eric Mason
This week’s guest on the show is Eric Mason. Eric is a CFO, an economist, and a TEDx speaker. He is the current Chief Financial Officer for Quincy, Massachusetts. where he provides direct analysis of all economic and financial forecasting to the Chief Elected Official. He has an academic background in economics and has worked extensively in the field, with a focus on analytics and public policy. He teaches Principles of Microeconomics as an adjunct instructor at WVU John Chambers College of Business and Economics. Eric joined us today to talk about the current state of the Economy in the US. Join us as we dive into Eric’s take on the current economic state, where it’s headed, what he expects to happen in the economy over the next 12 to 24 months, his take on federal debt, and more.
[07.00] National economy – Grant and Eric start off the conversation by discussing Eric’s career journey and his perspective on the present state of the national economy.
Show Notes
[16:04] Economic forecasts – Grant and Eric talk about how people make irrational economic decisions based on forecasts.
[21:50] Austrian School of Economics – Eric explains the Austrian School of Economics and how it is different from others.
[28:05] Capitalism – Grant and Eric discuss capitalism and its beauty.
[35:40] National debt – Eric shares his perspective on the US national debt and the US dollar as the dominant currency in the world.
[42:25] Threat – Grant and Eric discuss the threat of high interest-rates due to the US national debt of $33 trillion.
[49:36] FOMC – Eric explains his perspective on the ability of the Federal Open Market Committee to use balance sheet positions from the Federal Reserve to generate debt.
Resources
theinformaleconomist.com/
