The Economics of Growth with Rich Lowrie | The Vivek Show

In this episode of The Vivek Show, host Vivek Ramaswamy welcomes Rich Lowrie, an economic advisor to Herman Cain's presidential campaign, to discuss the complexities of economic growth. The conversation covers GDP as a measure of success, the impact of dollar volatility on economic productivity, and the rise of the managerial class. Rich Lowrie emphasizes the importance of a stable unit of measure and the need for more business investment. He also critiques the Federal Reserve's policies and their effects on wage growth and the striving majority.

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Time-codes:

00:00: Introduction and the importance of economic growth

01:00 Rich Lowrie shares his background and interest in economic growth

01:36: Emphasis on economic growth in solving problems

03:30 Discussion on the belief that consumption drives GDP

10:37: The importance of a stable unit of measure for economic productivity

14:52: The impact of dollar volatility on economic productivity

20:09: Rise of the managerial class and the shift in focus to labor markets

24:00: Critique of the Federal Reserve's control over the money supply

30:22: Discussion on the Federal Reserve's policies and their effect on meritocracy and wage growth.