Justin Mohr Show

69% of Americans admit to have less than a $1000 in the bank! Why is this? Even the retirees out there die broke. 46% of retirees die with less than $10,000 in the bank. That’s not much money when you’re not bringing in income and are relying on savings! There’s no question there’s a lot of factors that have led to the average American being broke and the payment mentality is certainly one of the many contributing factors. In the last 17 years we have seen a 4% rise in median wages and an 89% increase in home prices. So the purchasing power of our wages has gone down so the average American is poorer today! This is the result of government spending hitting record levels! The governments spends money at the detriment to the average American.

Direct download: jmsEp145-Half_of_americans_die_broke.mp3
Category:Business, News & Politics, Education -- posted at: 5:08pm MST

Jared Bernstein, from his new piece at the New York Times discusses what the lefts agenda should be. He makes the case that progressives must remain in waiting and be ready when it’s time to act but always be fighting. All of the agenda items he wants to see calls for more government programs, more regulations, more subsidies for the poor and he thinks this will make life better for the averages American! Has he learned nothing from LBJ’s great society in the 1960’s. This is why we free market types need to continue to learn more as much as we can and become more effective communicators because the fight will continue to go on.


Half of the cost of an electric car is from the battery packs and cost of these battery packs are projected to fall 77% by 2025!  Just back in 2010 it cost $1000 per kWh and today Tesla is doing it at a cost of $190 per kWh. So prices have already fallen significantly and will continue this trend. This is encouraging to see and this is why we don’t need to subsidize and encourage people to go “green.” When the price is right because of production prices have drastically fallen then the consumer will step up to the plate and make the transition from a conventional gasoline engine to an electric car. Isn’t the free market a beautiful thing?


Many conservatives and supply siders seem to think we can grow out of massive debt problems but that is not the case. Even if we achieved economic growth of 3% instead of our current average since 2010 at 2% that will cut the deficit by $3 Trillion over the next decade. That sounds all nice but we will still be adding another $9 Trillion to the debt over that same decade! Entitlements need to be addressed if we want to get serious about our debt issues. Unfortunately for us, the politicians out there will take the easy way out by destroying the value of the currency via inflation.

Direct download: jmsEp142-economic_growth_isnt_enough.mp3
Category:Business, News & Politics, Education -- posted at: 10:19am MST

Capitalism today is seen as a bad word but this is because what people see as capitalism is really crony capitalism! This is what we need to change in people’s minds!  This is not how capitalism really is!  Capitalism is about exchanging value for value. The very wealthy are getting wealthier at a faster pace today compared to every other income group out there because the very rich benefit from an inflationary monetary policy from the Federal Reserve!  We need to stop this cronyism now before it’s too late and all we are left with is an authoritarian regime.

Direct download: jmsEp141-crony_capitalists_destroying_capitalism.mp3
Category:general -- posted at: 11:50pm MST

The crisis in Venezuela just continues to get worse. Riots have been going on for 2 months now and protestors have taken down a statue of Hugo Chavez. The crisis continues to get worse as the government continues to take more and more control. Seizing private property, having majoring ownership in 511 companies and things just get worse for the Venezuelan people. When will people put 2 and 2 together? I won’t hold my breath.

Direct download: jmsEp140-riots_in_venezuela.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

April 29th marked President Trump’s 100th day in office. The importance of the first 100 days is stressed day in and day out in the media but what’s to make of Trump’s presidency thus far? Some libertarians were enthusiastic supports of President Trump. They thought Trump’s foreign policy would be very much isolationist. What we have learned of Trump’s first 100 days in office is that he’s an interventionist domestically as well as internationally. This isn’t good news for lovers of liberty!

Direct download: jmsEp139-Trumps_first_100_days.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

American Airlines now has its own incident and I don’t see the news headlines for this one like we saw with United. An employee of American Airlines hits a woman with a stroller while me pulls it out of her hands and the stroller almost hits the woman’s baby as well. After this incident the employee comes back on the plane and asks a passenger if he wants to fight and go at it. Also, the former king of cable news, Bill O’Reilly is fired from Fox News! In political news, Trump said in a Wall Street Journal interview on April 12th that he thinks the dollar is too strong!  This is why the focus of my show is on economics because the world is full of economic illiterates!  https://www.theguardian.com/world/video/2017/apr/22/american-airlines-employee-clashes-with-passenger-video

Direct download: jmsEp138-trump_and_weak_dollar.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

United Airlines was the topic of media discussion all last week with the bloody Dr. David Dao. There’re some simple solutions that could have prevented this horrible incident from ever occurring! Obviously compensation greater than $800 should have occurred to entice passengers to voluntarily give up their seats. Also, last minute changes to flight crews should be avoided when everyone had already boarded the plane. People are less likely to give up their seat when they’re already sitting it in. The media really has blown this United story to hell and back and most people need to take a step back and look at everything in it’s entirety. Some people like Senator Chris Van Hollan think a government law is the answer! Are you kidding me!?

Direct download: jmsEp137-united_airlines.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST

Danielle DiMartino Booth has a new book out on the fed from an insiders perspective. She says many things that Austrians can agree with and other things where she doesn’t go far enough!  She says we shouldn’t get rid of the fed but rather just need more competent people in charge. John Tamny offers critiques on her book but John misses the point in many respects. John Tamny thinks we mainly don’t need a fed because it’s largely irrelevant as it is. The way Mr. Tamny sees how the banking system works would still depend on a federal reserve so I can’t agree with his analysis either.  There’re many opinions on the fed and it seems Ron Paul and Murray Rothbard are the most correct on this issue.

Direct download: jmsEp136-JohnTamny_on_the_Fed.mp3
Category:Business, News & Politics, Education -- posted at: 1:00am MST