Fake Economy, Fake Politics | 7/30/25
1Description
Con Inc. has a habit of complaining about an issue and then, when it comes time to actually effect change, its members are out to lunch or support leaders who are pushing the very policies causing the problems. We first discuss this in the context of culture and crime, but then move on to the economic grooming they are pushing. Just like the Biden White House, Trump and his supporters are using unreliable and antiquated economic data to prop up a fake economy. Today, I explain exactly why we have a fake and distorted economy that appears good at the macro level but only works for a few people. The Right claims to understand this but then continues supporting the very subsidies, debt, and market distortions that created it. Nowhere is this more evident than in housing. I explain how both parties continue to misdiagnose the housing crisis and are therefore proposing policies that fuel what created the asset bubbles.
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United States
