The Mark Simone Show on 710 W0R.

Well, we bring you the smartest guests around.

Now, Steve Forbes, publisher, chief CEO of Forbes Media.

When it comes to inflation, he literally wrote the book on it.

It's a great book.

You should get it.

It's called Inflation by Steve Forbes.

Make sure you follow them on Twitter as well, and of course, read Forbes.

Steve Forbes, how you doing?

Doing fine, better, better than the economy, better than the weather.

Well, I was listening to Joe Biden.

Apparently this inflation you talk about, according to him, it's perception.

It's just perception.

Well, it is until you go and buy something, until you make your mortgage payment,

until you buy groceries or gasoline or anything else.

This is one of the things that the Bidenites ignore.

As you know, Treasury Secretary Larry Summers, with a couple of other economists,

came out with a paper pointing out that these consumer

price indexes, inflation indexes, leave out the cost of paying interest on mortgages, on cars,

on credit cards.

And they calculate that the real high of inflation two years ago, one and a half years ago,

was not 9%, but actually 18%.

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