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This interview was first released on Epoch TV on Aug 8, 2024.
Jeffrey Tucker is the senior economics columnist at The Epoch Times and the founder and president of the Brownstone Institute.
“Once we start accurately measuring inflation, and I won’t speculate on the exact number, but we know it’s at least 127 percent over four years.”
This episode dives into what’s really going on with the U.S. economy. Are we in a recession? Are prices and unemployment rising or falling? What about domestic manufacturing and imports? And can economic data be trusted?
“Debt is the leading export of the U.S. and a leading product that we make. This is not sustainable; it’s just not going to work.”
“We need to stop creating more debt. Just stop it. Stop printing money and reduce the budget. We need to prevent Congress from making reckless decisions. It can be fixed. But if we want to save American manufacturing, we need to start there.”
“How is it possible that a country known for its expertise in apparel, textiles, toys, shoes, watches, pianos, steel, consumer electronics, machinery, and so much more suddenly doesn’t produce any of those things anymore? We had the knowledge, the resources, the markets, and the supply chains. Is it right that we let all of that go to waste?”
“Economies are resilient and robust, and they respond rapidly. When people believe they will be rewarded for their work, when they see the government living within its means, when they feel trust is being rebuilt and the truth is being told, they become motivated. They engage in enterprising activities, invest, and help in the swift rebuilding of the country. I genuinely believe that the rebuilding process could take place relatively quickly. It’s not a hopeless situation.”
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