Why Inflation Is Worse Than You Think | 12/6/24
Description
We begin today’s show with an update on congressional news and how we continue to see a disconnect between Trump’s broad goals and implementation in Congress. Next, we’re joined by Heritage Foundation economist E.J. Antoni for a deep dive into the state of our economy and the vicious cycle of stagflation. Antoni delivers a master presentation in how the inflation numbers are really worse than the government is publishing. In turn, inflation is so bad that it is artificially distorting jobs, GDP numbers, and the stock market, giving off the impression that we are not in a recession. We also delve into the housing crisis and how we are going to face pain thanks to past government decisions. Antoni believes we are too far into the hole for business as usual. Republicans must push through transformational spending cuts and better communicate why the spending is harming the standard of living. Finally, he offers a novel approach to reforming the Federal Reserve and calls for the firing of all current employees.
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