Matthew Spositi is an aspiring trader, Austrian Economic enthusiast, entrepreneur, and founder of New Millennium Wealth. My goal is to help individuals get out of the rat race and become financially free, by showing you every step of my journey, and by sharing all of the knowledge I have accumulated about trading, investing, markets, and economics over the past 5 years.
Episodes
Sunday Jun 07, 2020
Sunday Jun 07, 2020
This may come as no surprise that riots are never a good thing, but there are those out there who actually look upon the destruction as a positive thing economically speaking. The supporters of riots believe that the repairs necessary to rebuild what was destroyed will create jobs and economic prosperity for the companies that fix what was destroyed. They often times only look at those who benefit from the destruction, and not the business owners who now have to pay to fix the damages from rioters, rather than growing their business.
While there is always a party that benefits off of the unfortunate events of others, it must be noted that when real value has been destroyed, i.e. finished goods/consumer products, business buildings, vehicles etc.… everyone is hurt by the economic impact of that destruction, not just the business owner.
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https://store.mises.org/OneLesson.aspx
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