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The Mark Simone Show

Mark Interviews Economist Steve Moore.

The Mark Simone Show

iHeartRadio and Mark Simone

News

4.3695 Ratings

🗓️ 13 July 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Steve Moore Joins the Show to talk about the inflation numbers, and NYC's crime numbers.

Transcript

Click on a timestamp to play from that location

0:00.0

Well, Steve Moore, the great economist, columnist, best-selling author. He's got an excellent book called Gubzilla.

0:06.7

Of course, you see them all over television. And he runs the committee to unleash prosperity.

0:13.6

They do great work. They also put out this hotline every day. You can sign up. It'll come right to your email it's free best stories analysis uh just

0:22.1

go to committee to unleash prosperity dot com steve more how you doing i'm doing mark i'm doing well

0:29.6

and by the way you mentioned our uh prosperity hotline which by the way is free uh and our top

0:35.5

story today you may not have received it oh i've been reading it all morning oh okay well you may have seen that our top story today, you may not have received it. Oh, I've been reading it all morning.

0:39.3

Oh, okay. Well, you may have seen that our top story is about what happened with the inflation

0:42.9

numbers yesterday because we really focus on economics. Now, the good news is inflation has come down.

0:48.5

Remember this time last year, remember it was 9.2%. Now it's a little over 3%, which is a big improvement. But Mark, you know, when I see

0:57.4

people on the street and people sometimes come up to me and they read their finger me and say,

1:00.8

Steve, why do you keep saying that inflation is only, you know, 5% or 6% or whatever the official

1:05.3

number is from the government? And they say, you should see my grocery bills or you should see

1:09.7

what I'm paying for gas or for rent and so on.

1:12.5

And so people have been angry at me for, you know, for just reciting the numbers that the government puts out.

1:18.2

And I guarantee you, if you went down the street there in New York and said people, do you think inflation is just 3%?

1:24.5

You know, people go, are you crazy?

1:26.0

And so I think I have an explanation for why people

1:29.2

don't believe these. And by the way, I'm not accusing anybody of any nefarious, you know,

1:34.3

activities in terms of running the numbers. The numbers are the numbers. But what they're doing,

1:38.5

there's an alternative way that, because, you know, when they do the CPI, they look at thousands

1:43.1

of products, you know, that you can cpi they look at thousands of products you know that you can

1:45.3

buy and some of them are luxury jewelry yachts things like that but when you look at they also do

...

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