From the historic campus of Hillsdale College in Hillsdale, Michigan, where the good, the true, and the beautiful are taught, nurtured, and honored, this is the Radio Free Hillsdale Hour, bringing the activity and education of the college to listeners across the country.

If we can make real cuts to government spending and therefore to borrowing, because all marginal spending is borrowed,

and also rain in the Fed, make all those things happen, and you can get inflation back down.

This is your host, Scott Bertram.

Welcome to the Radio Free Hillsdale Hour.

That was E.J. Antony.

He's chief economist with the Heritage Foundation board Heritage.org.

We talk in depth with him today about the economy, present, and future.

Also later on in today's program, Nathan Herring from Hillsdale's

physics department tells us about the great physicist Michael Faraday. First, we're joined by E.J.

Antony. He is chief economist at the Heritage Foundation, more at heritage.org. He's here on

Hillsdale's campus as part of our annual business conference, sponsored by the Hutchinson Center for Commerce and Freedom.

E.J., thanks so much for joining us.

Scott, my pleasure. Thank you for having me.

I look forward to talking to you a bit about the topic of your lecture here, which is prospects for economic growth and a few other matters as we go along the way.

For listeners who aren't following closely

economic data every day like you do on your X feed, there are all sorts of charts and graphs

there, how would you describe the current state of our economy in plain terms? Oh, goodness.

You know, I would have given you a very different answer than two months ago. That's for sure.

I was extremely bullish on the year. We really had, I think, all the dials

lining up. Everything seemed to be, almost everything, seemed to be pointing in the right direction.

And unfortunately, the Iran War has really just thrown the economy a huge curve ball.

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