Senator Phil Gramm - The Myth of American Inequality

A Book with Legs

Smead Capital Management

Investing, Business, Management

4.2 • 1.1K Ratings

🗓️ 4 December 2023

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“If you read it, you will realize that many of the arguments being made against American capitalism are invalid. You will realize that this country of ours is even greater than you think.”

Senator Phil Gramm joins Cole to discuss his book, The Myth of American Inequality. Gramm’s book explores the data which prove income inequality in the United States is far lower than what most Americans are led to believe. The conversation covers the statistics that support Gramm’s position and how the American Dream remains strong.

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to A Book with Legs, a podcast presented by Smead Capital Management.
0:08.0	At Smead Capital Management, we advise investors who fear stock market failure.
0:12.9	You can learn more at Smeadcap.com or by calling your financial advisor.
0:21.0	Welcome to a book of the legs podcast.
0:23.1	I'm Cole Smead.
0:23.9	I'm the CEO and a portfolio manager here at Smead Capital Management.
0:27.5	At our firm, we are readers and book junkies.
0:29.8	It can be said that leaders are readers, and we believe books provide us a great source of
0:33.7	information for filtering what is and isn't important for us as investors.
0:37.9	Investing is the last great liberal art and the best way to spend a lifetime of learning.
0:42.1	This podcast is for readers, thinkers, business-minded people, and investors who want to grow their
0:47.1	knowledge from great authors and their writing.
0:49.4	Charlie Munger often talks about using multiple mental models and analysis.
0:53.4	Our aim for this podcast is to help listeners
0:55.3	test mongers theory in business, markets, and people. Thank you for joining us for this episode
1:01.0	of the podcast. We are going to talk about the importance of work, incentive structures as we think
1:06.3	about the United States America, and we will all understand, despite our shortcomings, why this is the
1:11.5	greatest country in the world to be poor, middle class, or rich. Phil Graham is joining us to talk
1:17.4	about the book he co-authored with Robert Eklund and John Early titled The Myth of American Inequality,
1:23.4	How Government Biases Policy Debate. Senator Graham served six years in the U.S. House of Representatives
1:29.0	and 18 years in the U.S. Senate,
1:31.2	where he was chairman of the banking committee.
	...

Transcript will be available on the free plan in -437 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Smead Capital Management, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Smead Capital Management and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.