Forbes Media chairman and editor in chief Steve Forbes gives his take on how the Federal Reserve should respond to record-high inflation on ‘Kudlow.’ #FoxBusiness #kudlow
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Steve Forbes has ALWAYS understood the flaws of Keynesian economics management. Those who understand the arguments of Austrian School economic common sense will wonder how Keynesian philosophy ever became the dominant economic theory. The answer is clear. Keynesianism give the easy excuse for governments and banks to expand economic growth through DEBTS!!! At some unknown point debts overwhelm. We have met this threshold. Now what? The answer will not be "slash spending". That's politically untenable. The answer is horrendous. It will involve the government wanting its cake and eating it too. Their solution must inevitably be TOTAL CONTROL. Prepare.
the Democrat led fed started printing money for obama thru out his 2 terms. Now they're printing more for him. obama is pulling biden's strings
WEF is in CHARGE of the FED RESERVE & BIDEN ADMIN. I think. THANKs STEVE FORBES 🙏
Sustainable Prosperity Talk Show
1 second ago
A Message From The Sustainable Prosperity Talk Show on YouTube…
Hello, my name is Darrell Tucker, I live in Arcata, California, and I am a member of the Extended Education program at CalPoly Humboldt.
Various groups around the world want to reduce pollution and reverse global warming.
And, the United Nations has established various goals to achieve sustainable development to make better use of our resources and to reduce poverty.
The video I present at The Sustainable Prosperity Talk Show on YouTube includes the backstory of how the Federal Reserve and other privately operated national money systems produce endless debt that drives us apart.
And under our existing money systems we will never be able to have stable sustainable economies, or have the necessary resources to effectively work together.
And therefore, this video presents an action plan to update our existing money systems and reduce worldwide conflict.
The video also provides a proposal for a new global economy of Sustainable Prosperity, where we focus on manufacturing as much as possible in each nation to reduce overall shipping and pollution.
During the proposed monetary update, It is important that we do not make the bankers at the Federal Reserve into villains.
The people at the bank inherited our current money system, they did not create it.
And the people at the bank may want to work with the rest of us, to develop higher levels of sustainable prosperity, that can support the changes, we must make to both reverse global warming, and ease poverty.
I do not know what he is talking about. Is not the Fed just did what he is preaching before the fed interest hike? What did it happen? There were no inflation? Or high inflation is good for him?
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Selfish ignorant Americans elected selfish ignorant politicians
What the Federal Reserve needs to do is stop printing money and tell the U.S. government they can't spend anything exceeding their yearly tax revenue. Any spending over is automatically canned regardless of what was passed in Congress. ie You are broke. You are at your credit card limit. You are not getting anymore till you pay it off. But they won't because it is a corrupt organization made and backed by elites.
Who and what is the FED anyway!? It is not a government institution and its member were not elected.
They can't avoid whats coming, which is a recession
3 empty 3 bedroom houses they want a quarter million for in my hood. Don't think there is a shortage, I think there is a greed problem.
Steve Forbes for VP super smart common sense man
I miss Alan Greenspan 😢!
Here we are living together in the BIDEN world! The by far worst POTUS in my life time! Vote these crooked politicians out in the November elections! STAND UP AMERICA 🇺🇸 We the PEOPLE
He makes a lot of sense!
Foebws facrs make too much sense for liberal so ialist party.
Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days
We've passed a recession a long time ago.
The federal reserve are so far out of touch with reality its os scary its funny
the fed thought they were in control of us all. they never were. now that energy is spiking, that isn’t going to hold down inflation anymore. greater depression is here!
REINSTATE TRUMP !!! 👊
We'll end up in stagflation, like Mr Trump said.. it's a catastrophe.
Steve is exactly right on how to fight this inflation.
We don't need action that slows down both supply and demand,… we need a policy that increases supply.
It's not in raising rates, or QE (we still need QT), or more of senile ole joe's inflation generating deficit spending on DNC pork,…
We need the government to encourage and promote policies that increase our clean fossil fuel energy production here, not the dirty fossil fuel production of russia, venezuela or even Saudi Arabia.
EV's are more expensive and don't reduce CO2 when you look at the life cucle CO2 analysis. It just moves it from the highways to the power plants. And solar panels and windmills are just too inefficent, unreliable and incapale of replacing the world's energy demand met easily by fossil fuels.
It's certainly not coming from petey buttapeg who when we needed action on the supply chain most last year, to prevent a lot of what's happening this year he was off on a 2 month maternityleave with, no not his wife,.. but hishusband. Real heroes there. So brave to take such anLGBTQXYZ stand leaving the country and its real citizens, the 95% of the population who couldn't care less aboutLGBTQ and thiswoken onsense to burn.
It's not coming from the dingbat secretary of energy who when asked what the admin was going to about exponentially rising energy costs,… she laughed "This is a joke right?".
And then we have johnKerry over in Davos wnating to send a message to putin,.. that he hopes while putin is destroying Ukraine and committing all kinds of human atrocities, that he do it with appropriate a concern for "climate change".
WHAT???????? putin and xi couldn't care less about "climate change". They laugh at our far left wacko climate change alarmist.
putin- "Hey xi, you here quat kedy say about "climate change" while we bombwomen and children?"
xi – "Yeah he vedy crazy man,..not too much brains. but he good far our side,.. You want some some flied lice and egglows?"
putin – "Da,… and some wodka".
xi – "all we have is lice wine sake."
The biggest threat to national security of the world, isn't "climate change",… it's far left wackos, aka mainstream democrats, currently running the country.
As Larry Kudlow says, the calvary is on the way in November.
President DeSantis will be here in 2024. Trump was ok, but DeSantis is more Reagonesque in handling the far left wacko, aka mainstream press
If only the FED would follow the script Steve just described.
"The richest Americans in America have gotten so much more rich, the Economy is just BOOMING! As long as a minute tiny fraction of the population is disgustingly unbelievably wealthy we're doing just fine." -Fed Gov
This Is Going To Be An Economic Collapse, You Know What There Plan Is? TO RAISE TAXES & CREATE NEW TAXES…….Morons
We are in a Biden induced inflation spiral. $$ Down the drain.