Subscribe now and watch my free trend following VIDEO.

Ep. 591: Jeffrey Tucker Interview with Michael Covel on Trend Following Radio

Jeffrey Tucker
Jeffrey Tucker

Subscribe to Trend Following Radio on iTunes

My guest today is Jeffrey Tucker, an American economics writer of the Austrian School, an advocate of anarcho-capitalism and Bitcoin, and has authored seven books. Jeffrey’s new book, coming out September 2017, is titled “Right Wing Collectivism: The Other Threat to Liberty.”

The topics are anarcho-capitalism and Bitcoin.

In this episode of Trend Following Radio we discuss:

  • Liberty
  • Friedrich Hayek
  • Crypto currency
  • Ledger technology
  • Block chains
  • Excessive waves of hysteria
  • College debt
  • Tax laws
  • Trump administration
  • Nation state
  • Building blocks for a civilized society

“Government doesn’t really try anymore, and that is a good thing.” – Jeffrey Tucker

Mentions & Resources:

Listen to this episode:

Jump in!

“Why Greece’s Lenders Need to Suffer”

A recent interchange with [prominent trader appearing on my podcast]:

Name: Read: “Why Greece’s Lenders Need to Suffer”

Covel: Great ending paragraph:

“There is an unsentimental logic to markets. If you make a bad investment, you are supposed to pay the full price — because if you don’t pay the full price, you will keep making bad investments. The only way to get the bond market back to its historic role is to make bondholders feel real fear that they might lose money if they make bad decisions. We need the market to reward bets that are economically wise, instead of those that are politically savvy.”

Wonder if we ever get there….

Name: We will get back there because our government will run out of money like the Greeks’ government. Ours will be painful too.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

College: A Debt Cyclone Engineered by the Loving State

Sure, college is good for some, but many entering “the system” just get ripped off. This excerpt mirrors many of my views:

“Since 1985, college tuition has increased at nearly 500 times the rate of inflation. (See: College tuition has jumped by 500% since 1985) Can you imagine the same jump in any other area? Food, housing, medicine, energy? If everything we need to live increased in price at the same rate as college tuition, there would be a national riot in about 10 minutes. So what really happened in the marketplace to allow college to get so expensive? Is it really all because Republicans want to raise the rates on student loans?

Think about it. Universities get to decide how much money to charge their students. Likewise, parents and students decide if they can afford to pay it. It’s a pretty simple proposition. But when the government suddenly makes hundreds of billions of dollars in student loans readily available — under the popular (and voter-friendly) theory that “everyone should go to college” — we see an unintended consequence. We see colleges suddenly motivated to charge more money. A lot more. And so they embark on their own PR campaigns to boost enrollment. They hire ad agencies and publicists and lobbyists and go about the business of persuading people to “invest in their future.” And most importantly, they provide an admissions department to help arrange for an affordable student loan. This is what’s been happening for the last 40 years.

If blame is your thing, there’s plenty to go around. Republicans and Democrats have both allowed a trillion dollars of public money to flow freely between students and colleges with no real accountability for the results. And millions of well-intended parents and guidance counselors are still pushing the idea that a four-year degree is the only viable path to happiness. This in spite of the fact that the vast majority of available jobs no longer require a diploma — they require the willingness to learn a useful skill. And that kind of training does not demand the type of massive borrowing that has put college graduates a trillion dollars in the hole.

To be clear, I’m not anti-college; I’m anti-debt. If you can afford it, by all means go for it. But I reject the idea that a four-year school is the best path for the most people. I went on Piers Morgan Live because I have a scholarship fund that trains people for jobs that actually exist, while rewarding the kind of work ethic I think we need to encourage. I want to spread the word.”

Shout to Cullen Roche at www.pragcap.com for the find.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Should You Invest in Biblical Finance such as Suggested by Dave Ramsey

An excerpt:

Ramsey is overtly religious, and his for-profit Financial Peace University is billed as “a biblically based curriculum that teaches people how to handle money God’s ways.”

Found this intro:

Please don’t add your religious insights to your investing insights. Ramsey is wise to talk of cutting up your credit cards, but biblical finance such as outlined in the Dave Ramsey Five Foundations, is not the wise path.

Dave Ramsey Photograph
Dave Ramsey preaching the 5 Foundations of finance.

For a more scientific approach to investing and improving your financial circumstances take a look at my books.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

You Have to Be Asleep to Believe It

Great video clip from George Carlin. He reiterates everything I talk about on my blog, in my books and on my podcast, “It’s called the American Dream because you have to be asleep to believe it.”:

My film on the same subject.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Merchants of Debt

My favorite excerpt from Merchants of Debt:

“Most people feel intimidated when seeking a loan. Bankers like to view potential borrowers with suspicion…dallying a bit before deciding whether a borrower is sufficiently creditworthy. But George Roberts of KKR never asked to borrow money. He always asked if his bankers could raise a loan for him. The slight difference in wording proved crucial. Suddenly Roberts controlled the situation. The bankers, even if they represented a giant institution a thousand times KKR’s size, were the ones put to the test.”

Nice.

Note: The author George Anders appeared on my podcast in 2018.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Learn to be a trend following trader.
Sign up free today.