• Jerry Bowyer: We Need New Leaders for a New Economy

  • May 20 2024
  • Length: 1 min
  • Podcast
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Jerry Bowyer: We Need New Leaders for a New Economy

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  • Summary

  • We just got the new unemployment claims and they’ve spiked up to the highest level in 18 months. Consumer confidence is down, and inflation is still above average.

    Yes, the stock market is up, but so are gold prices which suggests the markets are rising not on expectations of a good economy, but on expectations of the Fed going back to pumping money into markets.

    President Biden tries to blame corporate greed, but it’s government greed which is really to blame. As Milton Friedman said, inflation is always and everywhere a monetary phenomenon. That means that debasing the currency in order to feed greedy government is why we get less Snickers for our dollar. Want a strong economy? Get different leaders. The last time we had low growth and high inflation, was the ’70s. Carter blamed corporate greed. Reagan blamed government. America elected Reagan. He beat inflation and restored growth. Let's elect solid, pro-growth leaders in every branch of government and watch the economic growth miracle happen all over again.

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