Hello, fellow rebel capitalists, hope you're well.

I'm here with my good buddy, an Austrian economist, PhD,

extraordinary Bob Murphy.

Thanks for coming on, Bob, I appreciate it.

Well, thanks for having me, George, glad to be here.

And now, okay, so first what I want to do is I want to read you from Jerome Powell.

Okay.

I want to get your take on this. Let me go over and I'm going to you'll have to bear with me. I'm going to read this so I can get his specific words and this is according to the New York Times. The chairman of the Federal Reserve Board has given Congress an upbeat view of the U.S.

economy predicting that unemployment was likely to remain low over the next two years

as inflation declined slightly.

I want to go down further here. I think you'll get a kick out of these these

paragraphs in this specific quote. It says in contrast to the changing moods on Wall Street,

the Fed expressed a broad satisfaction

that the nation remains on track for a soft landing quote unquote the modest slowdown in growth

that would reduce upward pressure on prices without aggravating

unemployment and now here's a quote directly from Powell. The US economy appears to be making a

transition from the rapid rate of expansion experienced over the preceding

several years to a more sustainable average pace of growth.

So now before you give me your opinion I want to mention that that in fact was not Jerome Powell.

That was Ben Bernanke in 2007.

I thought you're going to say it was me and I was like, did I say that?

No, but my, I just did that for a YouTube video.

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