Killer Innovations with Phil McKinney
Step into the world of relentless creativity with the Killer Innovations Podcast, hosted by Phil McKinney. Since 2005, it has carved its niche in history as the longest-running podcast. Join the community of innovators, designers, creatives, entrepreneurs, and visionaries who are constantly pushing boundaries and challenging the status quo. Discover the power of thinking differently and taking risks to achieve success. The podcast covers a wide range of topics, including innovation, technology, business, leadership, creativity, design, and more. Every episode is not just talk; it's about taking action and implementing strategies that can help you become a successful innovator. Each episode provides practical tips, real-life examples, and thought-provoking insights that will challenge your thinking and inspire you to unleash your creativity. The podcast archive: KillerInnovations.com About Phil McKinney: Phil McKinney, CTO of HP (ret) and CEO of CableLabs, has been credited with forming and leading multiple teams that FastCompany and BusinessWeek list as one of the “50 Most Innovative”. His recognition includes Vanity Fair naming him “The Innovation Guru,” MSNBC and Fox Business calling him "The Gadget Guy," and the San Jose Mercury News dubbing him the "chief seer."

Growing up with an inventor dad, Jarl Jensen knew innovation and ideas were in his future.  As a kid, his dad would play the “Invention Game” with him.  His dad would present an object and together they would come up with different ideas for its use.  In his teens, Jarl was already on the road to success writing a medical patent. Now Jarl has several patents in medical innovations.  He was also front and center in Euro-Med, Inc., a company launched in 1991 and recently selling at a record high multiple.  But Jarl sees the economy as an area void of innovation. It is a passionate concern of his.  He shares his unique perspective on innovating the economy.

Contracting Economy

Currently, Jarl is working on further patents in advanced burn care as well as two startups.  But his thoughts linger on the economy. He is the author of Optimizing America.  It’s a parable of sorts which explores what could be if economic change took place.  What is Jarl concerned about? Over the last 100 years the economy has operated in much the same way.  In the beginning, opportunities for economic expansion were wide open. But over the years, what defines the economy has narrowed.  In Jarl’s view, the economy is on a path to contraction rather than expansion. It’s an economy based on debt with banks holding the controls.  The catch to innovating the economy is that the shareholders in this case are the banks. And what is in the best interest of the banks may not be in the best interest of people.

[shareable cite="Jarl Jensen, author, Optimizing America"]…if you took a bunch of innovators from any other industry and put them in charge of currency and our money, very quickly you come up with some very different ideas of how to run the economy and how to use the money for the benefit of everyone…[/shareable]

Innovation Antibodies and the Economy

In Jarl’s view, who are the innovation antibodies?  Commercial banks hinder innovation of the economy.  He fears the day is coming when more jobs will go away than will be created.  Like the proverbial frog in boiling water, the economy has evolved and we are so used to it, we don’t recognize the problem.  Are there changes, small or large, that could achieve a more balanced, less debt-ridden economy? Is there a broader purpose to serve?  Are there better ways to grow the economy than means that hinge on loans and debt? Do banks have too much control over technology and innovation because they control the outflow of money to support innovation?  These are thoughts for innovators and leaders to contemplate.

If you’d like to track what Jarl Jensen is doing, visit his blog Optimizing America.  You may also find Jarl’s books at Amazon.

We are getting ready for CES 2019.  If you’ll be in Las Vegas for CES, stop by the Mobile Studio for a tour.  If you know someone who will be at CES and would be a great guest for the show, contact me.

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Direct download: Innovating_the_Economy_S14_Ep30.mp3
Category:Past Shows -- posted at: 5:03am PDT