Steve Moore: This is a classic moral hazard



FreedomWorks chief economist Steve Moore discusses the surge in credit card debt in the U.S. and state of the economy under President Biden on ‘Kudlow.’ #foxbusiness #kudlow

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39 comments

  1. What about the people who don't have kids?

  2. Joe is a Dam Fool ! He not wanting to who ever running tell him what to do is trying to break the USA !

  3. Many folks must think Biden is going to forgive credit card debt, just like he "forgave student loan debt." After the elections, the leftists don't seem to care so much about debt forgiveness. The hangover remains.

  4. If you want to insure against moral hazards you need to first eradicate the moral lizards. You know who I am talking about.

  5. steve moore still around lol he was in gov and his policies sucked, and trump got coattails of obama economy and pls look at the debt and stuff when trump left down down high uneployment

  6. Biden focus is Ice Cream

  7. Biden cannot focus on anything except a Delaware weekend

  8. We have been running this bill up with reckless abandon since 2008. Before that it was just irresponsible!
    We are going to pay such a huge price for this. This money isn’t free. As a nation we are too spoiled and self entitled to see clearly.
    I think keeping your personal debt low, build up a substantial savings through self control is the way through what’s coming.

  9. Why am I working at all – feels foolish.

  10. The economy is strong as hell. Joe Biden. So why still printing counterfeit ?

  11. WHAT OUR TRAITORS ARE DOIN AND AMERICAN PEOPLE ARE GOING TO SEE SOON AN INCREAD IN FALSE GOOD INTENTION OR A REVELATION OF THEIR INCREASE BOLD LIES, AND YIU WILL CRY, AND YOU JUST LAUGH BUT THEN YOU WILL REALISED THAT YOU AMERICANS HAVE EYES, BUT DO NOT SEE, YOU HAVE EARS BUT DO NOT HEAR, BECAUSE YOU ARE NIT PAYING ATTENTION TO THE SEVERITY OF THEIR LIES, STEALS, DESTRUCTIONS, AND KILLING. THIS IS SOMETHING THAT OFFENDS YOU BUT I AM NOT HEAR WITH LIES, I LOVE THE TRUTH AND THE TRUTH WILL SET ME FREE. AMEN

  12. BUT YOU ALOUD IT. , SO WHAT ARE YOU DOING TO REVERSE THE E ONOMY?

  13. Doesn’t it affect what get bact at the end of the year

  14. Thanks for the report. Mr. Steve Moore was silent as a church rodent on the former #45 President moral hazard. What hypocrisy. No more excuses.

  15. DEMS=EVIL=COMMUNISTS. BTW – I'm looking to collect and stop working by next year end. There goes 100K of taxes I pay a year (not including property taxes) ….

  16. Consumers are getting shopping done early, and frugally. We dont want supply chain problems Grinching our Christmas. I suspect spending will drop off significantly 2-weeks before Christmas as more consumers complete their shopping lists far earlier than previous years.

  17. I hate to tell you any idea that there is a bubble bursting that we can avoid should hit the economics books. You cannot increase the m1 supply like that and not pay dire consequences. That's what truly made Putin attack Ukraine. He knew we would be too broke to spend money. He didnt count on Biden being willing to make monopoly money have value. What that value is we will find out after inflation levels off, which wont happen without a bubble or severe rate hikes yesterday, like austerity rate hikes.

  18. End the Fed with their Rate Hikes…

  19. I love the grounded reality of this channel… TA is all well and good but I find it truly baffling that all major crypto YouTubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put on day trading as it is less affected by the unpredictable nature of the market. I have made over 1.8btc from day trading with Kyle Miller’s insights and signals in less than 2 weeks, this is one of the best mediums to backup your assets in case it goes bearish.<The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is the right time to invest? before jumping to a conclusion I think you should take a look at things first.. while others still continue to trade without the fear of making a loss, others are being patient. it all depends on the pattern with which you trade and the source of your signal. You can reach Kyle Miller on ͲeIєɠɾαm
    👉👉👉
    (KyleMiller3) He runs a program for investors/newbies who lack an understanding of how trading Bitcoin works.

  20. McConnell and McCarthy are both traders. Get rid of the both of them. They don’t support the real Republicans.

  21. He is absolutely right/ recapture jobs lost because of lockdowns. Bumbling Biden didn't create those jobs at all.

  22. Biden / Windmills ? . . . Don Quixote / Windmills ? I'm beginning to see the similarities 🙂

  23. Don't get into debt if you can help it, pay off the lowest 1
    then get rid of it or put it where you can't use it then pay
    off the next lowest 1 & do the same thing with it put it
    where you can't use it & so on & keep 1 as a LIMIT CARD
    that you can only put so much on it to keep the pymts low.

  24. Prick if you can afford billions shipped abroad in weapons and cash to special interest and corporate wars you can afford to invest in public health and education prick

  25. If the citizens of a country with a repressive government protest, they are praised. If We The People of Canada, USA, France and other supposedly FREE countries protest, we are labeled radicals, right wing extremest, anti-government. WTF???

  26. I believe Barack and Biden said that the new normal was 1% GDP growth and that manufacturing jobs would never be coming back in the US so learn to code.

  27. That is $14,000 yr for kids under 6.. plus housing FOODSTAMPS & medical. The average tax payer are stupid.. no wonder people don't need work.

  28. ATTENTION: Please help me get this information out there…//HHS Whistleblower Says Government Complicit in Trafficking; Child Admits Being ‘Pimped’ by Sponsor. Data from Rumble. FOX better look into this or their guilty also.

  29. Before you ask for taxes, please provide proof of where the money goes

  30. We have children leading us. Just like the bible prophesied.
    TRUMP-CARSON ❤️
    USA1ST ❤️

  31. CASH IS KING. If you don't have the cash to buy it, then you can't afford it.

  32. Biden will build the Chinese economy by spending on windmills.

  33. gave 3 checks and they act like we all had enough to quit our jobs.

  34. Yes, the economy is "booming". Just not in a good way 😪

  35. its a little more than a moral hazard when the possiblity exists that somone might have to explain to kids that their parents left the world through a chimney thanks to a shift in global powers.

  36. America is spending money and shopping for Christmas because Americans in the back of their head think this will be their last Christmas so why not run that card up money ain't going to be worth nothing soon anyway