I have my guest E.J. Antoni on from the Heritage Foundation and

economist there does a brilliant job you can check them out on X is it at real e.

j and Tony.

You got it Carl that's it be where there are a lot of crypto scammers out there

but yeah that's the handle look for the blue check mark.

All right all right and always a dapper dresser listen I appreciate you joining us several

topics that I'd like to talk to you about. First off, the feds cut the interest rate by a half of

a 50 points, half a percentage point or what have you. Is this political in your mind first and foremost it strikes me as a

little odd that they would do this now as opposed to waiting until after the

election and then is this is this going to be good or bad? I mean temporarily I

could see this being being a good thing but this could also cause more inflation

could it not? Oh certainly Carl let's take that last

point first if you don't mind you this this half a percentage point or 50 basis point

cut is not happening in a vacuum. It's happening with the backdrop of

two trillion dollars in annual deficits by the federal government. You know, we just

got last week the Treasury statement for the month of

August it was the worst August deficit in the history of our country and that

includes the blowout spending years of 2020 and 2021 when we had literally trillions of dollars in new spending by Congress

going out the door all allegedly in the name of fighting the COVID-19 pandemic.

But the point here is that things are getting worse, not better. And not only was it the

largest monthly deficit ever for August, where the government spent, excuse me, the government spent twice as much as it took in.

You had essentially every 55 cents that the government spent was borrowed, but you also

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