Joseph Moore: How to Get Rich in American History: 300 Years of Financial Advice That Worked (& Didn’t) | #639

What you'll learn

• 1 (03:25) **Introducing Dr. Joseph Moore and His Core Thesis** - Historian and author of "How to Get Rich in American History" joins the show to explain why the fundamentals of the economy have shifted so dramatically over time that you cannot simply compare eras.
• 2 (03:52) **The Wild West of 19th-Century Currency** - Explains that the federal government did not print money in the 1800s, leaving it to banks and even individuals to issue their own currency.
• 3 (10:32) **The Myth of Ever-Rising Real Estate** - Challenges the modern assumption that real estate always appreciates, revealing that for most of American history, it was a store of value, not a growth asset.
• 4 (15:56) **Moore's Personal Real Estate Journey: From Disaster to Millionaire** - Moore details his own "eat the cooking" experiment, trying the "little money down" real estate strategy from the 1970s.
• 5 (22:49) **The Stock Market Wasn't Always for Everyone** - Explains that the idea of "stocks for the long run" is a relatively modern concept born out of the inflation of the 1910s.
• 6 (28:55) **The "Ship of Theseus" Stock Market** - Moore and Meb discuss how the stock market of today is fundamentally a different machine than the stock market of the past.
• 7 (30:28) **The Real Goal: Beat Inflation & Taxes, Not the Index** - Moore argues that the obsession with beating a benchmark (like the S&P 500) is misguided for the average investor.

+ Full timestamped outline available in the app