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Jim, it's former Washington Editor for Barron's Magazine, now a novelist.

He's in Lancaster County, but the recession was coming to all of us, except I watched the

Atlanta Federal Reserve that keeps a running count of how the economy is doing on the basis of the GDP.

And it's not zero, it's not negative, it's one, it's one plus, it's two plus.

It's choking along at the bottom, but not negative enough to cause a recession.

So the explanations offered by the Wall Street Journal, one, energy prices, they dropped,

they're not skyrocketing as we expected in the early part of 2022 because of the Russian

invasion of Ukraine. And secondly, the jobs market is extremely robust, and the speculation by

economists and the Wall Street Journalists, perhaps the monetary policy of the Federal Reserve

doesn't connect directly to the jobs market and the prosperity of America. Jim, a very good

evening to you. You've written articles like this over the years, what happened?

So John, saying the recession didn't happen, so explain it. Do you accept these arguments that

it was the energy drop, which contributed to a falling wave inflation, and that the Federal

Reserve isn't all powerful? Is that adequate to you? Good evening, Jim.

I'm good evening, John. Yeah, it's adequate with some subtle explanations. I mean, regarding

...