Mark Interviews Economist Steve Moore
The Mark Simone Show
iHeartRadio and Mark Simone
4.3 • 695 Ratings
🗓️ 27 April 2023
⏱️ 11 minutes
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| 0:00.0 | Oh, he just got him. |
| 0:00.8 | It's Steve Moore, the brilliant. He's the greatest guest, but sometimes it's like looking for Jimmy Hoffa, but we got him. He's a brilliant economist. He has a book you should get called Govzilla. You, of course, see him all over television, read his columns, but he's also behind this Committee to Unleash Prosperity.com that does great work, and they put out the best daily briefing every day. You should sign up. It'll come for free right to your email, the best information, stories, analysis. Just go to Committee to Unleash Prosperity.com. Steve Moore, how you doing? Hey, I'm Mark. I'm doing well. I'm getting ready for four more years. Are you getting ready for four more years? |
| 0:39.7 | You know, by the way, I love the Wall Street Journal editorial the other day that said, four more years. Is this a prison sentence? |
| 0:48.9 | Hey, what's, the growth was expected to be slow, you know, like 2%. It turns out it's half of that. |
| 0:56.3 | Slug is sluggish the right word of growth, or is this really bad? |
| 1:01.7 | Hard to tell. |
| 1:02.6 | Look, I was surprised the number is as low as it is because the two things that have been |
| 1:06.6 | strong for the economy for the last few months have been obviously jobs because the jobs are out |
| 1:12.2 | there and consumer spending i mean every time i right now i'm in dallas texas i flew into |
| 1:17.7 | dallas last night i mean every seat was taken every all the flights i take everybody's you know |
| 1:22.6 | flying everywhere the restaurants are full people are spending a lot of money uh so the consumers |
| 1:27.2 | have been spending the problem is they're running out of that free money. |
| 1:30.4 | That's the problem, Mark. |
| 1:32.2 | Credit card is now, that is now over a trillion dollars, 20% interest rate on that, by the way, if you don't pay it back. |
| 1:39.2 | And I think that, you know, and I hope I'm wrong about this, but I think people are soon going to start running out of that free money that, the Biden passed out to everybody in 2020. |
| 1:50.9 | Hey, but this insane spending, a trillion, four trillion, eight trillion, just three money, |
| 1:56.5 | has that ever been done anywhere in history to this extent? |
| 2:00.6 | Good question. I mean, I can't think of it. |
| 2:02.7 | Let me put it like this. You know, if you look throughout, probably it has, but you know, |
| 2:06.6 | you look at great civilizations throughout the, you know, millennium. And the great civilizations |
| 2:12.5 | have generally been destroyed from within, not from without, because they run up massive amounts |
| 2:18.9 | of debts and they bankrupt themselves. |
... |
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