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It's Mr. New York. Mark Simone on 710 W.R.

Well, here is one of the great economists in the world, and he's become quite the TV radio star, too, Steve Moore, and you should get his best-selling book, GovZilla. GovZilla is a great book. You can buy it right now. Also, sign up for his daily briefing. It'll be free. It'll come right to your emails. Very good stuff every day.

Just go to committee to unleash prosperity.com. Committee to Unleash Prosperity.com and sign up for

the daily briefing. Steve Moore, how you doing? Hey, Mark, I'm doing well. Thank you. Although, you know,

right now as we speak, there's just breaking the bank in Washington with this last minute pre-Christmas massive spending spree. And, you know, right now as we speak, they're just breaking the bank in Washington with this last-minute

pre-Christmas, massive spending spree. And, you know, I always blame this stuff on the Democrats, but you know what? The Republicans have their hands dirty here, too. They both love to play Santa Claus, both parties. No, it's awful. And that's the main cause of all this inflation, which, you know, they act like things are great.

Inflation's dropping,

but it just dropped a bit.

Seems to be plateauing and not moving. What do you think? Well, there has been some improvement, no question about it. I mean, when you get to 9% inflation, there's almost only one way to go, and that's to bring it down. So we were at 9% earlier this late in the summer. Now we're all the way down to

7.1%. And today, you may have seen it in the Wall Street Journal, a big piece by Janet Yellen, taking a

victory lap on the economy. Like, oh my gosh, we saved the economy. Here we have, you know, the

family's lost $4,000 in income. inflation rate still 7.1% which is the

highest in 40 years we've got you know the biggest debt the increase in debt ever and in our country

all this stuff is going on and Biden's saying look I solved all the problems you know I should

win an Oscar yeah well I notice what he does he does the same thing with gas prices. He sends him up through the roof, and then when he backs him off a hair, he takes credit for a lowering. Exactly. That's a good, yeah, it's like if you climb all the way to the very, very peak of, you know, Mount Everest, and then, you know, come out, down in a hundred yards. Look, imagine how much progress I it down that's that's the uh the biden strategy but look we're not out of the wits

yet here the fed had to raise interest rates yesterday look what's happening at the housing market

look what's happening with mortgage rates now six and a half to seven percent many markets

those rates were 2.85 when when trump left office uh So that's, you know, that by the way,

that when those mortgage rates go up like that, it hurts both the buyers and the sellers of homes.

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