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Mark interviews economist Steve Moore. · The Mark Simone Show

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  Speaker 1: Listener in New York. Here's more. Mark Simone on sevent
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  Speaker 1: ten woor.
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  Speaker 2: Well.
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  Speaker 1: Steve Morley brilliant economist and you should get his book,
• 0:12
  Speaker 1: The Trump Economic Miracle. It's excellent. You'll learn a lot
• 0:15
  Speaker 1: from it, The Trump Economic Miracle. Also he runs the
• 0:18
  Speaker 1: Committee to Unleash Prosperity. They put out the best daily
• 0:21
  Speaker 1: news analysis briefing. It's free, it'll come write to your email.
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  Speaker 1: Go sign up at Unleash Prosperity dot com. Steve Moore,
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  Speaker 1: how you doing.
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  Speaker 2: Hey, Mark, I'm doing really well. And there was something
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  Speaker 2: I wanted to tell you, if I may, that My
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  Speaker 2: good friend Jeffyasts was at the Manhattan It's Too Big
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  Speaker 2: dinner last night. I don't know were you there by
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  Speaker 2: any No?
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  Speaker 1: No?
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  Speaker 2: Oh, well, Jeff is you know a great philanthropist. He
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  Speaker 2: cares a lot about kids and education. And I just
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  Speaker 2: wanted to give you this one statistic if I may,
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  Speaker 2: for your listeners, because you're in the New York area obviously,
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  Speaker 2: So New York spends thirty seven billion billion dollars on
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  Speaker 2: K through twelve education. Okay, yeah, thirty seven billion. There
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  Speaker 2: are eight hundred and fifty thousand students, so that comes
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  Speaker 2: out to almost forty four thousand dollars per students, and
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  Speaker 2: yet you have the worst performing schools in the country.
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  Speaker 1: Yeah, and the worst results about that. Students come out
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  Speaker 1: of there can't pass a basic.
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  Speaker 2: Test for how do you I guess the question mark,
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  Speaker 2: how do you waste that much money?
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  Speaker 1: Well, that's everything, that's every inch of government.
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  Speaker 2: So yeah, and by the way, you could so in
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  Speaker 2: the Catholic schools for far less than half that class.
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  Speaker 2: You could educate every kid in the New York system
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  Speaker 2: and they would get a much better education. There's something
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  Speaker 2: wrong there.
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  Speaker 1: Yeah. I remember talking to Cardinal O'Connor once about that,
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  Speaker 1: because the Catholic schools are great. I said, how would
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  Speaker 1: you fix the New York City? He said, cut the
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  Speaker 1: budget in half, get rid of all that lads.
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  Speaker 2: Yeah, yeah, I mean, here's the thing. The Catholic school
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  Speaker 2: system has almost no bureaucracy. Yeah, you know, maybe a
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  Speaker 2: few hundred. They have thousands and thousands. And those people,
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  Speaker 2: those bureaucrats have and the teacher in union officials, they
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  Speaker 2: were been inside a classroom.
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  Speaker 1: Yeah, I remember you said, there's layers and layers and layers.
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  Speaker 1: If you throw a dollar in by the time it
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  Speaker 1: gets to the classroom, it's about thirty cents.
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  Speaker 2: So exactly. So there's where all your money goes, folks,
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  Speaker 2: if you care about kids, we always tell it's for
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  Speaker 2: the children. Okay, maybe it's for the children that we
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  Speaker 2: don't waste forty three thousand dollars per kid. Really really
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  Speaker 2: a shame.
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  Speaker 1: Yeah, but that's everything in the government. Know, when the
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  Speaker 1: city puts out their budget a hundred billion, it's ridiculous.
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  Speaker 1: It should be one third of that. Every supermarket will
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  Speaker 1: tell you it's three billion at the most to open
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  Speaker 1: a grocery store. He's spending thirty million on a little
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  Speaker 1: junkie grocery store. Where's where's the way?
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  Speaker 2: Yeah, they probably don't have the stuff on the selves
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  Speaker 2: you want and probably have to wait and line. Yeah,
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  Speaker 2: bad way. I guarantee you mark, I mean mark my words,
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  Speaker 2: you know, three years through or four years from now,
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  Speaker 2: when we're hopefully still doing the show together. Uh you know,
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  Speaker 2: and I'll so you know, those those government run back
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  Speaker 2: grocery stores, they went back left throughout the business.
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  Speaker 1: Well, actually, if I may predict, I don't think you'll
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  Speaker 1: ever see a government run grocery store in New York'll
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  Speaker 1: a business no he'll never get it built.
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  Speaker 2: Yeah, they've already spent millions of dollars something. But it's
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  Speaker 2: it is it's a it's ironic. It's this is what
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  Speaker 2: the Soviet Union did. They had the government run the
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  Speaker 2: grocery store. And by the way, it was a great deal.
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  Speaker 2: I mean the scood was really cheap. Of course you
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  Speaker 2: had to wait an hour to get in, and there
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  Speaker 2: was no food on the shelves, but there was really cheap.
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  Speaker 1: Hey, let me ask you a question. Is the great
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  Speaker 1: economist there's a science to running an economy. It's an
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  Speaker 1: actual science. You know what works? You know it doesn't work.
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  Speaker 1: Democrats don't believe in following the science. They never follow
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  Speaker 1: the science, like exactly socialism. We've tried that experiment. We've
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  Speaker 1: run it one hundred thousand times. It fails every time.
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  Speaker 1: Will they ever change? Will they ever learn?
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  Speaker 2: You know? It's it's a breaking, isn't it. You know,
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  Speaker 2: I think I've told you the story before. But you know,
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  Speaker 2: I was friends with Milton Friedman, one of the greatest
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  Speaker 2: economists since Adam Smith and and towards the end of
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  Speaker 2: his life, and I remember Lemming a few years before
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  Speaker 2: he died at the age of I think ninety two,
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  Speaker 2: he said, you know that he was sad. He said, look,
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  Speaker 2: if you look back on the twentieth century, what is
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  Speaker 2: sort of the central lesson of the twentieth century, It's that,
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  Speaker 2: you know, out of control government leads to poverty, it
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  Speaker 2: leads to people being murdered. You know how many people
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  Speaker 2: were murdered by the hands of guggish governments, whether it's
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  Speaker 2: the Nazis or the Soviet government. And yet he said,
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  Speaker 2: you know, said a lesson here is free markets work
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  Speaker 2: and socialism doesn't. He said, But what they're teaching in
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  Speaker 2: school is is that socialism merchant three markets don't work.
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  Speaker 1: Yeah, as we said before, Democrats have had control of
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  Speaker 1: every inch of New York state government, city government for
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  Speaker 1: thirteen years. So if there's an affordability crisis, guess who
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  Speaker 1: caused it. I mean, it's them.
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  Speaker 2: So you know, there's a great little story if I
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  Speaker 2: made about Chicago. And as you know, I'm I'm I'm
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  Speaker 2: a Chicago native and I love Chicago, but I don't
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  Speaker 2: like what's happened to the city. And so I don't
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  Speaker 2: know if you've been bolling the story. But Walmart has closed,
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  Speaker 2: and that Walmart Walt Reads has closed about six to
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  Speaker 2: ten the twelve of the stores in Chicago, and so
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  Speaker 2: they just connounced another closing and the left is going
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  Speaker 2: absolutely nuts. Oh my god, Well I think it's I's
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  Speaker 2: either Walmart runters, you're now daring you shut down these
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  Speaker 2: these stores. They're going to become food deserts. I don't
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  Speaker 2: know if you've heard this strong. They're going to be
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  Speaker 2: food deserts and nobody's going to poor people are going
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  Speaker 2: to get food. And the Walmart people said, well, wait
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  Speaker 2: a minute, we've told you for the last six or
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  Speaker 2: seven years, we can't keep our stores open if you
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  Speaker 2: don't get rid of the crime, because people literally were
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  Speaker 2: going into the stores and just stealing things off the shelf.
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  Speaker 2: And then mayor said, well, we're not even going to
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  Speaker 2: prosecute these crimes. So they've been losing all this money
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  Speaker 2: and now they're shutting down. And what hipocris see now
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  Speaker 2: they're saying, how dare you shut down your stores?
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  Speaker 1: And that happened in San Francisco. Again, they don't learn
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  Speaker 1: from the science.
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  Speaker 2: It's unbelievable. So I guess they're gonna have to have
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  Speaker 2: government run at grocery stores in Chicago now too, we
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  Speaker 2: have a workout.
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  Speaker 1: So this has caused a massive exodus. Right, what's the
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  Speaker 1: difference now Red states versus Blue states?
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  Speaker 2: So we have something in our hotline today and you
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  Speaker 2: mentioned this, or go to hotline. Just go to unlease
• 6:25
  Speaker 2: Prus thirty dot comment, sign up for free bolts and
• 6:27
  Speaker 2: we'll get that for you every morning. But in the
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  Speaker 2: last ten eleven years, from twenty twenty twelve to twenty
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  Speaker 2: twenty three, that's the last data we have from the IRS,
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  Speaker 2: the Red states have taken. Ready for that. He's sitting
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  Speaker 2: down my two trillion dollars out of blue state. That
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  Speaker 2: is now that income is now a Red state. And mouch,
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  Speaker 2: I will give you a dollar if you can get
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  Speaker 2: this question right. Guess which state has lost the most money?
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  Speaker 1: California.
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  Speaker 2: No, you got that run. You don't get that dollar.
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  Speaker 2: I'll guess again.
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  Speaker 1: New York.
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  Speaker 2: Yes, California was the second word. It's a contest between
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  Speaker 2: New York and California to see which can be the
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  Speaker 2: most misrun state in the country.
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  Speaker 1: Wow, So these billionaires. First he goes after Ken Griffin,
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  Speaker 1: and now Steve Roth and other billionaires are joining in
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  Speaker 1: standing up to this crazy mom. Donnie and Steve Roth said,
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  Speaker 1: the way he talks about the billionaires, the terms he uses,
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  Speaker 1: the attitude, it's almost like racial slurs. It's the same.
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  Speaker 1: It's very similar. He's right, isn't he?
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  Speaker 2: You know it's it's it's it's even more than that.
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  Speaker 2: It's you know, if you have ever watched the Batman movies,
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  Speaker 2: you know, Got Them City, the theme is always, oh
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  Speaker 2: that the villain, you know, the Joker is going to
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  Speaker 2: go up to those crazy rich people. Very tell you know,
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  Speaker 2: if someone I watched that Mondonnie interview, you know, the
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  Speaker 2: one he's pointing right in the camera, he's got his
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  Speaker 2: face instrument. And if you look at that and then
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  Speaker 2: you look at the Batman movie with the Joker doing
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  Speaker 2: the same thing in a maniacal laugh, it almost looked
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  Speaker 2: like the two are entertainable.
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  Speaker 1: Oh that's brilliant. Hey, somebody out there cut that together
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  Speaker 1: and put that online.
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  Speaker 2: Yeah, somebody said, well we did that Moline a couple
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  Speaker 2: of weeks ago. But it's amazing. No, really, seriously, folks,
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  Speaker 2: I can remember that Amos scene. I think that Heath
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  Speaker 2: Leasurer was playing the Joker. He wanted I think he
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  Speaker 2: won the ask him uh and he was great, and
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  Speaker 2: he was like, ah, you know, like this maniaco grin
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  Speaker 2: and I going to destroy the city. And that's exactly
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  Speaker 2: what monami was doing. And you could just interchange the tip.
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  Speaker 1: Hey, Steve Moore, Uh you know, years ago you couldn't
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  Speaker 1: build a nuclear plant. The community would be up in arms.
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  Speaker 1: Nobody wanted a nuclear plant. It's the same thing now
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  Speaker 1: with a data center. Why does no community had wanted
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  Speaker 1: data center in their area.
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  Speaker 2: So you're right, this is an amazing uh political it's
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  Speaker 2: a left hand right, it's on the left hand the right.
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  Speaker 2: Communities are rising up against these data centers. And you
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  Speaker 2: know when I ask people, you know why why uh oh,
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  Speaker 2: you know these are You're going to get cancer from
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  Speaker 2: data centers that are going to get it. You know,
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  Speaker 2: we're transmission lines and so on. Well, I live outside
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  Speaker 2: Loudon County in Virginia, which has the largest data center
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  Speaker 2: in the country. Maybe that's the world. It pays about
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  Speaker 2: half of the taxes, and that the county taxes have
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  Speaker 2: gone down, down, down on home arts because the data
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  Speaker 2: centers stay so much. It's a major source of jobs.
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  Speaker 2: I don't know. I have to say I don't get
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  Speaker 2: this because then I asked people, Oh, you don't want
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  Speaker 2: the data center, I said, do you like your cell phone? Oh? Yeah,
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  Speaker 2: I love my doubt you know your self, well doesn't
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  Speaker 2: work without data centers, you know, so we have to
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  Speaker 2: educate people about you know, why do you say, you're right?
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  Speaker 2: They're almost like nuclear power plants. Nobody wants them when
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  Speaker 2: they're actually you've got thousands of construction jobs you get,
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  Speaker 2: you know, all sorts of tax revens, their economic development
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  Speaker 2: for these counties. And my attitude is, look, if these
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  Speaker 2: counties don't want them, these these tech firms should go
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  Speaker 2: to other counties and say, look, we're offering you ten
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  Speaker 2: thousand jobs. We're going to pay your taxes, We're going
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  Speaker 2: to do all these things for your community. We'll pay
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  Speaker 2: for your schools, we'll pay for your fire department and
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  Speaker 2: your police services. And that's the story of Loudon County.
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  Speaker 2: Property task to keep going down, down, down down in
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  Speaker 2: Mount County because they're data centers pay so much.
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  Speaker 1: Yeah, but what about the argument the data center AI
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  Speaker 1: all that stuff uses thousands of times more electricity. Uh,
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  Speaker 1: and the drains the electricity out of the community.
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  Speaker 2: They do, they do use a lot of electricity, but
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  Speaker 2: even the rate electric rate charges in these uh You know,
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  Speaker 2: there's a good study by the Institute Energy Research showing
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  Speaker 2: that there's no difference between the rates charged by home
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  Speaker 2: owners in areas that they have data centers that don't.
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  Speaker 2: I mean, the data centers pay a lot in electricity costs.
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  Speaker 2: They pay a lot in uh in UH as I said,
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  Speaker 2: in property taxes. So I don't quite get this. You know,
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  Speaker 2: these poor communities say we don't have enough jobs and
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  Speaker 2: then say we don't want data centers. I bet. Look,
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  Speaker 2: if if these communities don't want them, they shouldn't put
• 10:44
  Speaker 2: them there. I mean, I'm a populist. If the voters
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  Speaker 2: don't want them, they should put them somewhere else. Maybe,
• 10:48
  Speaker 2: you know, maybe we're gonna have to put them out
• 10:50
  Speaker 2: in the in the in the orbit and satellite down
• 10:52
  Speaker 2: the information, or put them in the middle of the desert.
• 10:54
  Speaker 2: I don't know, but we need data centers, folks, because
• 10:57
  Speaker 2: you're you're I can say it again, your cell phone
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  Speaker 2: will if we don't have data SENSI yeah.
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  Speaker 1: But again, they use so much electricity. Do we have
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  Speaker 1: enough electricity? Can we produce enough to keep these things going?
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  Speaker 2: We do? We do? We have to we have to
• 11:10
  Speaker 2: use our power. I mean, we have to use our
• 11:12
  Speaker 2: nuclear power, we have to use our natural gas, we
• 11:14
  Speaker 2: have to use our oil, we have to use coal
• 11:16
  Speaker 2: everything we've got. But that will be a big you know,
• 11:19
  Speaker 2: Thank God. By the way, if Joe Biden will present
• 11:22
  Speaker 2: day by the way, which there's no oil and gas
• 11:25
  Speaker 2: and coal, we'd be paying eight dollars a gallon for
• 11:27
  Speaker 2: gas today.
• 11:29
  Speaker 1: Yeah, he had us at four million barrels a day.
• 11:32
  Speaker 1: Trump now has us doing fourteen million barrels a day.
• 11:35
  Speaker 2: Amazing. It's one of the great economic achievements of our country.
• 11:38
  Speaker 2: We're the number one produce of oil gas today in
• 11:40
  Speaker 2: the world.
• 11:40
  Speaker 1: Wow. Well, Steve Moore, great stuff as always, and everybody
• 11:44
  Speaker 1: gets Steve Moore's book, The Trump Economic Miracle, and keep
• 11:48
  Speaker 1: doing that hotline. It's the best daily news briefing analysis right.
• 11:53
  Speaker 1: It's free. It'll come right to your email. Go sign up.
• 11:56
  Speaker 1: Go to Unleashed Prosperity dot com. Unleash Prosperity dot com.
• 12:01
  Speaker 1: Steve Moore, thanks for being Lewis.
• 12:03
  Speaker 2: Oh hey, mal kevil Graat, we can't take care.
• 12:05
  Speaker 1: All right, take care hey at noon today, Buck and Clay.
• 12:09
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