Great to have the ride a fence lap and stop him by glad he's been back he's a great

economist he's visiting fellow economics at the Heritage Foundation's Peter St.

Peter how are you good to see you again? I am very good it's great to be back

Joe you know we're gonna have you last week but a little COVID showed up

huh? Of all things, yeah, apparently. My wife was

making fun of me for being a wuss, but yeah. Well, I mean, I thought it was gone. I

Joe Biden a year and a half ago or two years ago at the North American International

Auto Show in Detroit

said we're post-Covid but I guess we're not.

No, well you know we got an election coming in here Joe so you know it's it's gonna be

coming right back everybody's gonna have to vote by mail for us and their

hundred closest friends yeah exactly right I mean in Michigan they got six

unsolicited ballots at a house that had two people so I see something happening there. Maybe we'll get

into that as we get closer to the election. Let me ask you something very

general about elections. When somebody is elected, when somebody wins an

election, obviously the economic principles and policies of the person

who won won won won won't take place if it's a new person until January.

But like November the next day, you see gas prices go up or down, you see the economy go up or down you see the economy go up or down the

stock market go up or down why is that the market is what's called forward

looking meaning that prices are based on what people think is going to happen

tomorrow not what's happening today.

So if they think that taxes are going to go up or that oil is going to go up because the new guys

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