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Mark interviews economist Steve Moore. · The Mark Simone Show

• 0:00
  Speaker 1: Mister New York marks them an alarm.
• 0:05
  Speaker 2: Well, he got a great economist, Steve Moore. You should
• 0:09
  Speaker 2: get his book, The Trump Economic Miracle. You'll love it,
• 0:11
  Speaker 2: and you should check out. He runs the Committee to
• 0:14
  Speaker 2: Unleash Prosperity and every day they put out the best
• 0:17
  Speaker 2: daily briefing, the best news, analysis and stories. It's free.
• 0:21
  Speaker 2: It'll come right to your email for free. You can
• 0:23
  Speaker 2: just go subscribe it. Just go to Unleashed Prosperity dot com.
• 0:27
  Speaker 2: Steve Moore, how you doing.
• 0:30
  Speaker 1: Hey, Mark, Well, I've been doing better. I'm not real
• 0:33
  Speaker 1: happy about what happened on Tuesday. I'm kind of despondent
• 0:37
  Speaker 1: about it actually, that you know, more than half of
• 0:41
  Speaker 1: New York voters voted for a socialist. I don't quite
• 0:44
  Speaker 1: understand it. I don't understand why. You know when you
• 0:48
  Speaker 1: may know that I met Milton Freeman and became friends
• 0:51
  Speaker 1: with them towards the end of his life. And I
• 0:53
  Speaker 1: remember one of the last dinners I had with him
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  Speaker 1: before he died. You know, he turned to me, he said, Steve,
• 0:58
  Speaker 1: you know he was kind to the spotted himself. He said,
• 1:01
  Speaker 1: you know, the enduring lesson of the twentieth century for
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  Speaker 1: anyone who's historian was that, you know, socialism, communism, Leninism,
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  Speaker 1: all these things are a disaster, and a free enterprise,
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  Speaker 1: free markets are what great prosperity. And yet and she said, yet,
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  Speaker 1: all these kids are graduating from college thinking the opposite.
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  Speaker 1: And he was right, and we've learned that. You know,
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  Speaker 1: did you see it was the college educated who wrote
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  Speaker 1: from MANDONI.
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  Speaker 2: Yeah, but these colleges about twenty five thirty years ago
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  Speaker 2: became indoctrination centers, left wing kooch profess.
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  Speaker 1: Exactly, how do we think it's actually been going on
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  Speaker 1: for more than twenty five years, But they're in doctrinating
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  Speaker 1: with kids with completely lunatic ideas. And you know, I
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  Speaker 1: was on Fox the other day and Will Kane asked me, hey, Steve,
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  Speaker 1: has socialism communism ever worked anywhere? And I said, well,
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  Speaker 1: it could work in heaven, you know, where people are angels.
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  Speaker 1: But you know, here on earth, where we're not angels.
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  Speaker 1: You know, you need a you know, where we pursue
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  Speaker 1: our self interest. You know, the best way to organize
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  Speaker 1: a society is for enterprise.
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  Speaker 2: Yeah, well, listen, it didn't work the first one hundred
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  Speaker 2: and seventy five thousand times. Maybe it'll work this time exactly.
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  Speaker 1: Could be you know, you never you never say number.
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  Speaker 1: But but listen, I mean the idea, for example, of
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  Speaker 1: raising the income tax rate to sixteen and a half
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  Speaker 1: percent when you're already the highest tax city in the
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  Speaker 1: North America and you want to retain your status as
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  Speaker 1: the you know, the financial capital of the world with
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  Speaker 1: Wall Street, how are you going to do that with
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  Speaker 1: a tax that high? It's going to be. I've said it,
• 2:39
  Speaker 1: and I said it again. I believe now Wall Street
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  Speaker 1: is going to slowly continue to move out of New
• 2:45
  Speaker 1: York and it'll move probably to Dallas, Texas. Well.
• 2:48
  Speaker 2: They already have these huge yo Wall Street, the huge
• 2:52
  Speaker 2: operations Dallas and other places. But yes, are those more
• 2:55
  Speaker 2: backroom jobs that's not actual trading floors, are they?
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  Speaker 1: Well, they're gonna. Yeah, they're going to have a tax
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  Speaker 1: Texas Stock exchange. They just opened one a month ago. No,
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  Speaker 1: I don't know how far along it is. I don't know,
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  Speaker 1: but you know, I think one thing that may happen is,
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  Speaker 1: you know, they're going to have to get a crane
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  Speaker 1: and lift the iconic bowl on Wall Street and move
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  Speaker 1: it to Dallas, you know, And it's just It's sad
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  Speaker 1: because New York is one of our mosttant you know,
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  Speaker 1: our most important and powerful city, not just in the
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  Speaker 1: United States, but I say in the world. And we
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  Speaker 1: got eight million people live there. And you know what's
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  Speaker 1: really sad about this is the people are going to
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  Speaker 1: take the biggest hit of the lowest income people because
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  Speaker 1: you know, when the millionaires and billionaires leave, they're not
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  Speaker 1: going to pay all these taxes and then and then
• 3:39
  Speaker 1: who's going to pay them?
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  Speaker 2: Yeah. Hey, one thing about socialism that does work. Whenever
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  Speaker 2: the government socialists, you know, when they try to help
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  Speaker 2: the poor, somehow, it always ends up helping the rich
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  Speaker 2: a lot more, very wealthy people do well.
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  Speaker 1: Yeah, it is, That's absolutely true. And and you see that,
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  Speaker 1: by the way, like California is another good example. You know,
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  Speaker 1: the left always talks about, you know, the division of
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  Speaker 1: wealth and the gap between the rich and poor. You
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  Speaker 1: know what state has the biggest gap between rich and
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  Speaker 1: poor California, And yet they have the most liberal you know,
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  Speaker 1: and the second most you know, biggest gap between rich
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  Speaker 1: and poors is in New York. Now, what's going to happen.
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  Speaker 1: You're going to raise your taxes right on all the
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  Speaker 1: rich people, and they're going to a lot of not
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  Speaker 1: all of them, but a lot.
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  Speaker 2: Of them will leave.
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  Speaker 1: And you know, when the head of Citadel, Ken Griffin,
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  Speaker 1: left Chicago. As you know, I grew up in Chicago,
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  Speaker 1: so I followed Chicago very closely. And when I grew up,
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  Speaker 1: it was one of the ten greatest cities on the planet.
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  Speaker 1: And then they started electing these crazy, uh you know,
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  Speaker 1: people like Brandon Johnson, and so these people like Ken
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  Speaker 1: Griffin up and left. He's a billionaire, and all of
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  Speaker 1: a sudden, all that he was the single biggest philanthropist
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  Speaker 1: in the city. He you know, gave money to the
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  Speaker 1: Museum of Science and Industry, all the homeless shelters, all
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  Speaker 1: the food kitchens, all the you know, orphanages, blah blah blah.
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  Speaker 1: And then they said, gee, what happened all that money?
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  Speaker 1: Why isn't he given us money anymore? He didn't live
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  Speaker 1: there anymore, you idiots.
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  Speaker 2: He moved. Yeah, you know, he bought a two hundred
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  Speaker 2: and fifty million dollar apartment right down this right two
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  Speaker 2: blocks over on fifty ninth Street there. So yeah, but
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  Speaker 2: I think he technically lives in Florida. So but give
• 5:15
  Speaker 2: people some hope. Then we go through this with the Blasio.
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  Speaker 2: We got through eight years of him. Won't it It'll
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  Speaker 2: be okay, won't it.
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  Speaker 1: You know, yeah, I think it's not going to be
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  Speaker 1: a disaster, but it's going to It's just going to
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  Speaker 1: be a demise of New York City. And you know,
• 5:30
  Speaker 1: you know what's most maddening about this, or something you
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  Speaker 1: can appreciate is, you know, when in the mid nineties
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  Speaker 1: when Rudy Giuliani was elected mayor. And by the way,
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  Speaker 1: Rudy was not a saint. I like Rudy a lot,
• 5:42
  Speaker 1: but you know he's not a saint. But he did
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  Speaker 1: a lot of things that were just obvious. He cut taxes,
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  Speaker 1: he reduced crime, he got rid of the graffiti and
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  Speaker 1: the failth and the city, and he made it a
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  Speaker 1: livable city again. And guess what, New York City had
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  Speaker 1: a renaissance. And it was great to see. You could
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  Speaker 1: see a week after you live there. Right during Rudy's
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  Speaker 1: train you just got better and better and better. And
• 6:04
  Speaker 1: what's so sad is now you've got Mndonne coming, who's
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  Speaker 1: going to go right back to the policies before Rudy
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  Speaker 1: came in, and you were just going to see a decline,
• 6:12
  Speaker 1: and it's gonna be a steady and slow decline. But
• 6:16
  Speaker 1: it is going to happen because show me anywhere where
• 6:19
  Speaker 1: you raise taxes and it's it's made things better.
• 6:22
  Speaker 2: Hey, Steve Moore, all kinds of rumors coming out of
• 6:25
  Speaker 2: Washington that the shutdown will end on Friday. Democrats wanted
• 6:28
  Speaker 2: to use it in the election, that they'll make a
• 6:30
  Speaker 2: deal Friday.
• 6:31
  Speaker 1: What do you think, Well, I think they've been in
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  Speaker 1: boldened by this election, which you know, which was a
• 6:37
  Speaker 1: big landslide for Democrats, and so now they feel like
• 6:41
  Speaker 1: they don't have to make a deal at least that's
• 6:42
  Speaker 1: what I'm hearing from my senate friends, that it's that's
• 6:45
  Speaker 1: making it harder to get a deal from them because
• 6:48
  Speaker 1: they want to stick it to Trump. But it's causing
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  Speaker 1: real problems. I travel all the time. I missed your
• 6:53
  Speaker 1: show last week because I was on the road, and
• 6:55
  Speaker 1: you know, you get to the airports, now it's chaos,
• 6:58
  Speaker 1: you know, it really is. You know, it's seems like
• 7:00
  Speaker 1: twenty percent of the flights are either delayed or canceled,
• 7:03
  Speaker 1: and people you can't get through the security lines and
• 7:05
  Speaker 1: all of this stuff. And you know, the thing that's
• 7:07
  Speaker 1: so maddening, is this is exactly what the Democrats wanted.
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  Speaker 1: They wanted the caves they want, the mayhem they want.
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  Speaker 1: They wouldn't even open up the they wouldn't even pay
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  Speaker 1: the military for goodness sakes.
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  Speaker 2: Well, that's one good thing about the shutdown. We get
• 7:20
  Speaker 2: we have you here. We know you're going to be
• 7:21
  Speaker 2: here every Thursday with the shutdown.
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  Speaker 1: Yeah, oh my gosh. But it's you know, look, this
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  Speaker 1: is this is all going to turn out. And the
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  Speaker 1: good news is, you know a lot of people said, oh,
• 7:30
  Speaker 1: the big problem right now they vote from any because
• 7:33
  Speaker 1: of the affordability crisis. So now I guess the government's
• 7:35
  Speaker 1: just going to give stuff away for free.
• 7:38
  Speaker 2: Yeah. Inflation. They hit Trump with this that you know,
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  Speaker 2: he's problems with inflation. It's absolutely not true. Inflation was
• 7:47
  Speaker 2: very very high. It's coming down slowly, but it's coming down,
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  Speaker 2: isn't it.
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  Speaker 1: Yes, it is. Yeah. And you know people are angry,
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  Speaker 1: like my wife about how much you pay for you know,
• 7:56
  Speaker 1: coffee and you know, beef and things like that. Well, yeah,
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  Speaker 1: that's because they went up by twenty five percent when
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  Speaker 1: when Biden was president, you know, And now the Democrats
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  Speaker 1: are blaming and by the way, why did prices go
• 8:07
  Speaker 1: through the roof because they spent in borrowing five trillion dollars.
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  Speaker 1: That's why.
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  Speaker 2: As I remember long before Trump won, asking you how
• 8:15
  Speaker 2: long will it take for it to come down really
• 8:17
  Speaker 2: take effect, you said it will take a year to
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  Speaker 2: really fix.
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  Speaker 1: That, and he has. It's been nine months. He's already done.
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  Speaker 1: I mean, we're at we're at three percent in place
• 8:25
  Speaker 1: right now, which is still above where we want to be.
• 8:27
  Speaker 1: But ladies and gentlemen, it went up to nine point
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  Speaker 1: one percent under Biden. So that's one third as high
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  Speaker 1: as it was when Biden was president. Uh so we're
• 8:35
  Speaker 1: making progress here. And by the way, the four percent
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  Speaker 1: economic growth is what the Atlanta Feed is now saying
• 8:40
  Speaker 1: four percent. We never had four percent growth under Biden.
• 8:43
  Speaker 2: Yeah, you know, they throw in healthcare and educational cout.
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  Speaker 2: That's not really a product of inflation. That's a whole
• 8:50
  Speaker 2: separate problem, isn't it.
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  Speaker 1: The healthcare. You know, this is a real danger Mark
• 8:55
  Speaker 1: because I have some friends who called me yesterday sent
• 8:58
  Speaker 1: they just got their healthcare statement about what's going to
• 9:02
  Speaker 1: happen with their premiums next year that they pay for
• 9:05
  Speaker 1: their health care and they're going up twenty five to
• 9:07
  Speaker 1: thirty in some cases thirty five percent. That's not Trump
• 9:10
  Speaker 1: didn't wait a minute. Fifteen years ago, didn't we pass
• 9:13
  Speaker 1: something called the Affordable Care Act. I thought that was
• 9:16
  Speaker 1: going to get rid of all these price increases. You know,
• 9:18
  Speaker 1: since we've paid we passed the Affordable Care Act, the
• 9:21
  Speaker 1: cost of healthcare is tripled.
• 9:23
  Speaker 2: Yeah, and again not that's not an inflation. That's a
• 9:26
  Speaker 2: whole other situation causing that.
• 9:29
  Speaker 1: It's because we have the government running the healthcare system.
• 9:31
  Speaker 1: You know, what was the old line by what was
• 9:36
  Speaker 1: his name that the humorous PJ. O'Rourke used to say,
• 9:38
  Speaker 1: do you think healthcare is expensive? Now, wait till the
• 9:40
  Speaker 1: government gives it away for free?
• 9:44
  Speaker 2: Well, Steve Moore, great stuff. Everybody. Get his book, The
• 9:46
  Speaker 2: Trump Economic Miracle. You'll learn a lot. Also, you got
• 9:50
  Speaker 2: the best daily briefing I've ever. It's free. It comes
• 9:53
  Speaker 2: to your meet email every day, just goes go to
• 9:56
  Speaker 2: unleash process.
• 9:57
  Speaker 1: It costs nothing.
• 9:58
  Speaker 2: Sign up for Itparity dot com. Steve Moore, thanks for
• 10:02
  Speaker 2: being with us.
• 10:03
  Speaker 1: Thank you. Mark.
• 10:04
  Speaker 2: All right, take care anyway we got Oh, you know,
• 10:07
  Speaker 2: we'll get back to the miroral race in the next hour.
• 10:12
  Speaker 2: We'll check in with Curtis too. I think Curtis talked
• 10:14
  Speaker 2: to mom Donnie after the elections. We'll see what that
• 10:17
  Speaker 2: conversation was like. And don't forget. Buck and Clay will
• 10:19
  Speaker 2: be here with a great show today at noon. Then
• 10:22
  Speaker 2: Sean Hannity. I think he's live from New York from
• 10:25
  Speaker 2: the Big Patriot the Freedom Awards or tonight, so he'll
• 10:29
  Speaker 2: be live from there three o'clock, the most listened to
• 10:32
  Speaker 2: radio show in America, Jesse Kelly at six, and Jimmy Fayla,
• 10:35
  Speaker 2: who's also appearing at the Patriot Awards tonight. He'll be
• 10:39
  Speaker 2: here nine o'clock on seven to ten WR