Michael Shuman: The Benefits of Deploying Investment Capital Locally Vs Wall Street
March 25, 2014
The Federal Reserve and other central planners have worked overtime to lead the world back to “recovery” from the depths of the 2008 financial crisis. Using one of their main signaling indicators, they’ve succeeded: stock market indices are hovering near all-time highs.
But, as has been often discussed here, are we really better off for it?
In this week’s podcast, Chris talks with Michael Shuman, author of Local Dollars Local Sense: How To Move Your Money From Wall Street to Main Street & Achieve Real Prosperity. Shuman has written eight books on community economics and believes that deploying your investment capital locally offers the best financial return prospects vs investing it in traditional stocks and bonds — plus yields an additional valuable community resilience multiplier that Wall Street doesn’t.