Former Reagan economist weighs in on getting inflation under control on ‘Kudlow.’ #FoxBusiness #kudlow
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Two buffoons, Ronald Reagan when he took office had interest rates at 18% anyone with 18% interest rates could lower down the eight and become a rockstar
hey ART….welcome to the party….you still owe PETER SCHIFF a penny….ya cheapskate
You can not raise interest rates enough to stop this inflation. For every 1% that they raise interest rates with 31 trillion of debt it will add 310 billion of interest to our yearly us budget. 4% equals 1.24 trillion to the yearly budget. You get the point yet ?
I laugh at democrats 2/3 of day and cry over repubs the other third, cause lefty's voted so they can get screwed, now bidens coming after retirement lol, I'm to poor to have retirement so may laugh lil longer at the left. lol.
What fear? It’s here
I remember getting a 16% 5 year CD with money my grandma gave me in the early 80's.
Jesus said “ but do not be troubled. ALL these things must come to pass”. BELIEVE!!!!! The’re no troubles!
If increases would stay under 10 percent inflation and not 30 percent here and there it would make a big difference. I think I would rather have too much money in the system than too little.
Can't tell if the main comment was spam or not
BOTH PARTIES have destroyed the purchasing power of our currency. BOTH PARTIES are printing trillions to keep the spending ORGY going. Donald Trump set a record: FIVE TRILLION of inflation in 4 years. 🙄
Kudlow you did nothing while he was in office
Nobody believes the 3.5 % numbers with all the help wanted signs out there.
We definitely can't believe any Government numbers.
It’s way more than 7% inflation
Even chicken 🍗, veggies 🥗 has increased way more…
7% is not accurate honestly !!
Rents doubled in south Florida
That’s huge inflation – way more than 7% inflation!
Cold-cold ashes on the ground
Nothing lost and nothing found
Friends and loved ones falling down
Can't you hear that mournful sound?
Nothing left but memories
Of things I still can't stand to see
There's an empty spot in me
Where my hometown used to be
This old boat is taking water
It won't be long 'til it goes down
We've had enough to push us over
Time to turn the wheel around
Neighborhoods Left to decay
People died or walked away
Nowhere left for them to stay
And we just look the other way
This old boat is taking water
It won't be long 'til it goes down
We've had enough to push us over
Time to turn the wheel around
Waves keep pounding through the night
Lost without a ray of light
Going down without a fight
Is there still time to make it right?
This old boat is taking water
It won't be long 'til it goes down
We've had enough to push us over
Time to turn the wheel around
This old boat is taking water
It won't be long 'til it goes down
I saw testimony of how economy helped a man make -$50,000 weekly Profit I tried now am also sharing my testimony with over,$10,000 from the company thanks for the good did he has done for me for this short period of time.
Demand is already in the gutter, the issue is supply side, De-industrialization is always a bad idea!
You guys make this sound like it will all clear up and we will get back to NORMAL, but that is not the case. I dont have a big bank account, I dont have EXTRA money in the bank. I dont own several homes, and have lots of stock. I am trying to get my 40 plus hours done, pay my bills, have a good meal out with my family, etc. And we ARE in a RECESSION….. NOW. Lots of pundits laugh and joke and tell us it is NOT bad. BS. It must be easier for that level of people. Not us, the regular people.
The inflation is more than what's reported. They play games with how inflation is calculated. For one, They substitute cheap stuff for more traditionally bought stuff that's more expensive to make inflation look lower than it really is. It's all about stealing money and future generations that will poorer as a result.
Art Laffer has been wrong for 40 years , a real laugher
Fed funds need to be as high as inflation to fight it. 8.3%, get busy Powell
I don't know why you so readily accept that the CPI numbers are accurate.
Art, you make me laugh. " We don't have 10% inflation " I'm in my early 70s, and this inflation is worse than anything I loves through in the late seventies and eighties
Larry dresses Sharp 👍 …..2 smart men !
Both of them
This guy is a dipstick
TU GOOD STUFF.COME ON CALVARY..
Dude i thought that guy was Jimmy
Feels more like a depression already.
Vote red in November.
The economy is weird. Accumulated debt, debt obligations and demographic changes make it hard to apply lessons from the past to the future. With 10,000 Boomers retiring every day, we may see recessions and poor growth, but without unemployment.
More vodoo from the witch doctor of supply side. How about a balanced budget gurus?
So you're saying people need to go without jobs so the numbers will stay increasing. There are children that haven't even been born yet that will have to pay back the greenspan puts and sweet business deals given to you already. Find some shame and that 3% increase in your couch cushions.
I dont understand fox News saying recession fears breaking news fox we are in a recession going on a depression quite being fake news before its too late….
Put Trump back in the Oval Office, NOW!
The inflation genie is out and it will take more than 10 years to bring it down again. Interest rates need to go to double digits to yank on the handbrake.
Taxes have consequences only when the corporations and banks are told to pay. When is small business or the working class is pay or else. Who’s getting those tax cuts and who’s paying for the tax cuts? Tax cuts make the government debt larger, In turn government tax income at a higher rate and everyone should know that corporations and CEO’s pay nothing in income taxes and very little or nothing in capital taxes. For that the working class produces all the goods and services and pays the vas majority of the taxes. Unregulated capitalism is an Oligarchy or Monarchy economical structure.
If you actually go to a grocery store and pay attention to prices of exact same items, inflation has easily increased 25% to over 100%. For example:
Eggs have gone from about $1.50/dozen to $3.00/dozen (and higher) over the last 12-18 months. This is real life inflation, not academic inflation.
Personally I refuse to buy certain items at an absurd price and look elsewhere (Walmart for example) or just purchase on sale. Or just do without. This is, imo, the best way to bring down inflation. If manufacturers and stores see sales declining because of high prices they will lower prices.
All MSM financial analysts are basically war criminals
Actually it isn’t unemployment, it’s laziness and entitlement
Our unemployment rate is 60% and will grow exponentially to 80% and then a complete collapse of uncivilized society…
sinking live expectancies and declining living standards and these "pals" who are responsible , are still not wearing jump suits.
Gday from Australia.. Art is a ledgen and so sharp at this age is amazing. The only thing these baby boomers forget they were the biggest demographics in history and it will never happen again when USA will have 30% population retired in the next 5 years. So consumer driven economy needs consumers
Dude, the nominal rate is 2.5% now. But actual rate is equal to (nominal rate + 12*QT/GDP). So with nominal rates from Sept becoming around 3% and QT=95B$/month –> actual FED rate will be 7.5%. That is already more than 1.5% higher than PCE. and If the FED goes 4%, the actual rate will be 8.5% and that make the FED rate 2.5% higher than PCE.
Mr.??? I think he meant to address him as "Dr. Laffer."
It's going to take 25 years for the mortgage rates to get back down to 2.5 percent. Your going to see millions of people simply default on there student loans. Millions more in there 30s will still be living at home. Young people all want it handed to them. If your a parent reading this. Don't ever cosign a loan for your child or anyone. Ever. You will be on the hook for your lazy kids loans.
Bring Schiff in to squash these arguments
ron johnsosn has no effort untoruned i sinkig wiscosnsin. now larry kudlow and trumo did not leve any stone untuen in sinking boat of usa. biden will save it. larry kudlow the alcohomic should be shunted out from fake news
Same thing happened in Obama's administration. High taxes High unemployment stagnation inflation and a mess