How does the Economy Grow?

How does the Economy Grow?

From The Personal Wealth Coach by Jacob A. McClure, CIMA®, of The Personal Wealth Coach, an Independent Fiduciary Investment Advisory Firm | Fee-Only

April 25, 2026 · 51 min · Season 26 · Episode 33

About this episode

This episode explores the factors that contribute to economic growth through historical examples and insights.

What do Nokia flip phones, the Model T, fracking, and the iPhone have in common? According to this episode of The Personal Wealth Coach, they are all clues to how the economy really grows, and why most people misunderstand it. Jake McClure takes listeners on a fast moving, surprisingly entertaining tour of economic history, breaking down the difference between slow, steady incremental growth and those rare, world changing bursts of exponential innovation. Along the way, he connects bank panics, recessions, energy markets, war, and technology revolutions, from Apple’s near collapse to America’s rise as a global liquid natural gas powerhouse. If you want to understand why inflation flares up, why new technology often follows pain, and why discomfort is sometimes the fuel for progress, this episode delivers insight with humor, perspective, and plenty of memorable stories. This episode was recorded on April 24, 2026. If you would like to contact us, please send an email to us at advisingteam@tpwc.com. We are happy to address any of your questions about Economics and Finance. If you are ready and would like to book an appointment either in office or over the phone, you can also send a…

People in this episode

Host: Jacob A. McClure

Topics covered

Keywords

Mentioned in this episode

Organizations: Apple

Products: Nokia flip phones, Model T, fracking, iPhone

Places: America

More episodes of The Personal Wealth Coach

Explore listener stats, chart rankings, contacts and more on the The Personal Wealth Coach podcast page.