Tariffs, Gold, and the Debt: What History Might Teach Us About the Road Ahead - 2/1/25

On this episode of More for Your Money, it’s an “all-hands-on-deck” discussion as the Uncommon Cents Investing committee joins John in the studio to explore what’s really going on beneath the surface of the markets.

They cover:

Why the Dow is leading the indexes year-to-date—and what that might mean
The resurgence of gold: short-term hype or long-term trend?
Inflation, money supply, and how we measure economic reality (spoiler: Todd calls it the "CP-lie")
How government debt and interest costs are shaping future tax policy
Tariffs: the classical view vs. the modern playbook
What economist Lacy Hunt sees coming—and why deflation might be next
The conversation balances economic theory with plainspoken examples, including a memorable story from John’s early investing days and a look at the real-world consequences of inflation on future generations.

Whether you’re a seasoned investor or just curious about what’s driving the markets, this episode invites you to think critically about where we’ve been—and where we might be going.