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Mark interviews Steve Forbes, Chairman of Forbes Media. · The Mark Simone Show

• 0:00
  Speaker 1: The Mark Simone show. Well, let's talk to the great
• 0:07
  Speaker 1: Steve Forbes, chairman of Forbes Media, author of some great books.
• 0:11
  Speaker 1: You should get his latest book, Inflation. He'll explain it.
• 0:14
  Speaker 1: A lot of stuff to but of course you should
• 0:17
  Speaker 1: be reading Forbes every day. Steve Forbes, how you doing well?
• 0:22
  Speaker 2: I'm personally doing fine. I stayed up to watch a
• 0:27
  Speaker 2: certain soccer game last night. I'll just leave it at that,
• 0:30
  Speaker 2: and watched before that the Yankees lose to Boston. So
• 0:36
  Speaker 2: not a good way to begin Friday. But hopefully things
• 0:40
  Speaker 2: will get better. The Mets now are getting a new
• 0:42
  Speaker 2: manager after a miserable season, so things are astirring.
• 0:47
  Speaker 1: I know, but you had the Knicks. That's enough for
• 0:49
  Speaker 1: one year. What more could you ask for?
• 0:53
  Speaker 2: Well, the Knicks just your what your appetite? They performed
• 0:56
  Speaker 2: the miracle of one of the great miracles in the
• 0:58
  Speaker 2: whole history of sports. You figure, well, let's have some more.
• 1:02
  Speaker 1: Well that's the problem. We get greedy, That's that's the problem.
• 1:06
  Speaker 2: Hay, No, no, no, we get excited. If the Knicks
• 1:10
  Speaker 2: can do it, even the Mets might do it someday.
• 1:14
  Speaker 1: Well that's a good point. If the Knicks can do it,
• 1:15
  Speaker 1: anybody can do it. Hey, I'm looking at the price
• 1:18
  Speaker 1: of oil right now, sixty nine dollars a barrel. That's
• 1:20
  Speaker 1: pretty amazing, isn't it. That's that's almost back to pre war. Yeah.
• 1:26
  Speaker 2: I think the when when the war began in February,
• 1:30
  Speaker 2: you obviously had the huge spike, but what was interesting
• 1:33
  Speaker 2: was the futures markets going months out, six months, twelve
• 1:37
  Speaker 2: months out. He had oil back in the seventies. So
• 1:41
  Speaker 2: I think most people figured one way or the other. However,
• 1:45
  Speaker 2: this thing is resolved. When the markets reached some as
• 1:47
  Speaker 2: semblance of normalcy, prices were going to come down, and
• 1:52
  Speaker 2: the US has still doing all it can to ramp
• 1:55
  Speaker 2: up production. And I think what's happening in the Strait
• 1:58
  Speaker 2: of Hormuz, you're going to see in the next few years.
• 2:01
  Speaker 2: It's happening already the building of pipelines. So the dependence
• 2:07
  Speaker 2: of those countries on the Strait of Hermos is going
• 2:09
  Speaker 2: to decline dramatically. So the markets look to the future,
• 2:13
  Speaker 2: and so we're going to be able to worry about
• 2:16
  Speaker 2: other things than the price of gasoline.
• 2:18
  Speaker 1: Yeah, you're not a big fan of the you know,
• 2:21
  Speaker 1: going after Iran, but nobody's a big.
• 2:25
  Speaker 2: Far I thought, if you're going to go after it,
• 2:27
  Speaker 2: you do it and not pause and cease fire and
• 2:29
  Speaker 2: negotiating all that kind of stuff. They're stringing us along.
• 2:33
  Speaker 2: And I've seen this movie before and we know what
• 2:37
  Speaker 2: they've been for forty seven years. So you either do
• 2:39
  Speaker 2: it or you don't. Yeah, I understand, of course you're right.
• 2:43
  Speaker 2: But if you could stay in this holding pattern through
• 2:45
  Speaker 2: the next few months, why not gives us a chance
• 2:47
  Speaker 2: to restock, rearm and pick more targets. It's not a
• 2:52
  Speaker 2: bad thing to get through the summer with this.
• 2:53
  Speaker 1: Is it.
• 2:55
  Speaker 2: Well, he'll find a way to get through it, the president.
• 2:58
  Speaker 2: But Iran, and this now feels incredibly the world they
• 3:03
  Speaker 2: live in that they've won this war. Yeah, they took
• 3:05
  Speaker 2: a huge beating militarily. Our military performed superbly, as did
• 3:10
  Speaker 2: the Israeli military, but they're still standing that regime and
• 3:14
  Speaker 2: they figure that they've won strategically, that they've established deep
• 3:18
  Speaker 2: facto control over the Strait and so we're gonna have
• 3:22
  Speaker 2: trouble with them down the road, and it's going to
• 3:26
  Speaker 2: be an irritant out there, a big bad one. And
• 3:28
  Speaker 2: by the way, to show the world that we're not
• 3:32
  Speaker 2: taking a powder on the world. I wish President Trump
• 3:35
  Speaker 2: would it's on his desk, would approve the fourteen billion
• 3:39
  Speaker 2: dollar arm sales to Taiwan, which Congress approved last January,
• 3:44
  Speaker 2: just to show the world where where we're a player
• 3:47
  Speaker 2: and we're not going to let the bad guys run around.
• 3:49
  Speaker 1: Yeah, that's a very good point. Hey, Momdani and all
• 3:53
  Speaker 1: these crazy young socialists. You know, well he just stacked
• 3:56
  Speaker 1: the rent board and now they passed this rent freeze.
• 3:59
  Speaker 1: And why don't they ever realize that, you know, the smart,
• 4:02
  Speaker 1: educated young politicians, Well don't they realize all this stuff
• 4:06
  Speaker 1: they're doing has been tried a billion times, always fails.
• 4:08
  Speaker 1: All this stuff they're doing for housing will create less housing.
• 4:13
  Speaker 1: Why don't they ever see that?
• 4:16
  Speaker 2: Well, part part of it is one they're dissatisfied and
• 4:22
  Speaker 2: so they look for saviors of the wrong kind. But
• 4:26
  Speaker 2: also there's not been effective opposition, and I think the
• 4:31
  Speaker 2: people with resources in the city are realizing it's not
• 4:35
  Speaker 2: just enough to say, oh, well, back another candidate. You've
• 4:38
  Speaker 2: got to have people out there making the case, doing
• 4:41
  Speaker 2: what the left is done, organizing, go door to door.
• 4:44
  Speaker 2: I mean, you know, New York City, it's amazing. Mondami's
• 4:48
  Speaker 2: wants to wreck a few private landlords left New York.
• 4:52
  Speaker 2: As you known, you've made the point is the biggest
• 4:54
  Speaker 2: slum lord around. You don't want to be in a
• 4:56
  Speaker 2: city owned apartment. Try getting you know, with the rats
• 5:00
  Speaker 2: and everything else running around, not talying about the politician,
• 5:03
  Speaker 2: trying about the real rodents in those buildings, the lack
• 5:07
  Speaker 2: of maintenance, and so the socialism is not working even now,
• 5:12
  Speaker 2: and we've got to highlight that and this anti semitism
• 5:17
  Speaker 2: that goes unanswered. I mean that coffee shop. That guy
• 5:21
  Speaker 2: should be prosecuted. You know, if you're open, if you
• 5:24
  Speaker 2: have a facility for the public, you're supposed to serve
• 5:28
  Speaker 2: the public.
• 5:29
  Speaker 1: Period.
• 5:30
  Speaker 2: You don't want to serve the public shut down. But
• 5:33
  Speaker 2: he should be prosecuted for not serving that congressman who
• 5:37
  Speaker 2: now is going to be looking for work sadly. And
• 5:40
  Speaker 2: I didn't like his politics, but he didn't like the
• 5:42
  Speaker 2: reason he lost.
• 5:45
  Speaker 1: Hey, you bring up a good point. Democrats and these
• 5:48
  Speaker 1: crazies that won in the primaries, incredible ground game. They
• 5:52
  Speaker 1: had amazing talent on the ground, knocking on doors, getting
• 5:55
  Speaker 1: voters to the pulse. The problem with the Republican Party
• 5:58
  Speaker 1: in NEUK is not big enough. They don't have the
• 6:00
  Speaker 1: kind of resources. And why is that? Is it because
• 6:02
  Speaker 1: the National RNC just doesn't do anything. They're not paying
• 6:05
  Speaker 1: attention to it?
• 6:06
  Speaker 2: Yeah? Yeah, part of it is it's sort of a
• 6:08
  Speaker 2: self defeating circle. You feel you've got other more promising
• 6:12
  Speaker 2: races around the country, So why poor resources in here?
• 6:16
  Speaker 2: But the Democrats too, there are still some sensible ones
• 6:20
  Speaker 2: left have got to get organized. You know, I'll be
• 6:23
  Speaker 2: blunt about it. What you see organized here with these
• 6:26
  Speaker 2: socialists we haven't seen on the far left since the
• 6:30
  Speaker 2: communist days of the forties, early fifties, late thirties, where
• 6:33
  Speaker 2: they were extremely well organized. You know, Ronald Reagan headed
• 6:36
  Speaker 2: the Actors Guild in Hollywood and one of his big
• 6:40
  Speaker 2: task was fighting the attempt to take over by the communists.
• 6:43
  Speaker 2: They're taking over in those days, the unions and other institutions.
• 6:48
  Speaker 2: We beat them back. We're going to have to do
• 6:49
  Speaker 2: the same thing with this version today.
• 6:52
  Speaker 1: Wow. So the fact that they were so successful and
• 6:56
  Speaker 1: they got all these left wing socialist kooks in there
• 7:00
  Speaker 1: in short term game. But in the long term, isn't
• 7:02
  Speaker 1: that going to bring down the Democrats?
• 7:05
  Speaker 2: Yes, because the Democrats are going to be in a
• 7:09
  Speaker 2: tough position because even though most Democrats don't buy into
• 7:13
  Speaker 2: this lunacy we saw in the primary here in New York,
• 7:16
  Speaker 2: but the activists control the party. And so if you're
• 7:22
  Speaker 2: going to run in twenty twenty eight, are you going
• 7:25
  Speaker 2: to come out in favor of Israel other than a mumble,
• 7:30
  Speaker 2: maybe not even a mumble. Are you going to come
• 7:32
  Speaker 2: out against a national version of a national wealth tax?
• 7:36
  Speaker 2: You know, these extremists being well organized, knowing that they
• 7:40
  Speaker 2: can take a primary where no one votes, but the
• 7:43
  Speaker 2: activists they can take you down. So they're going to
• 7:46
  Speaker 2: be setting the tone of the party and that's not
• 7:48
  Speaker 2: going to be a winning issue. So for Republicans get
• 7:52
  Speaker 2: their act together, we should win in twenty twenty eight.
• 7:55
  Speaker 2: And you know, you see Newsom now squirming out in
• 7:59
  Speaker 2: California with this wealth tax on the ballot, which looks
• 8:03
  Speaker 2: like it might pass. He tried to find ways to
• 8:05
  Speaker 2: try to get it off the ballot by bribing the
• 8:08
  Speaker 2: union thing, I'll give you money if you take it off.
• 8:11
  Speaker 2: So this stuff doesn't This stuff is not going to
• 8:15
  Speaker 2: go well nationally, and the Republicans have to come up
• 8:18
  Speaker 2: with their own positive agenda, including health care, and we
• 8:23
  Speaker 2: can beat these guys in twenty twenty eight resoundingly.
• 8:26
  Speaker 1: Hey, Steve Forbes, we only go about thirty seconds left.
• 8:28
  Speaker 1: Kevin Walsh off to a good start at the FED.
• 8:31
  Speaker 2: The answer, The answer is yes, he's attacking this crazy
• 8:34
  Speaker 2: idea that prosperity caused inflation. I think he's next going
• 8:38
  Speaker 2: after and by bringing an outside task forces, which is
• 8:43
  Speaker 2: usually a political punt. In this case, he's using outside people,
• 8:47
  Speaker 2: recognize experts to bring about changes and attack the institution.
• 8:52
  Speaker 2: The institution, you can't do it from within, but when
• 8:54
  Speaker 2: you have these outside task forces, they can't attack their credibility.
• 8:59
  Speaker 2: And so he's going to bring about positive changes. Finally
• 9:02
  Speaker 2: he knows how to do it, which is good. We
• 9:05
  Speaker 2: seek for us and for the world. Steve Forbes brilliant
• 9:07
  Speaker 2: as always. Everybody should be reading the Forbes. Steve is
• 9:10
  Speaker 2: the chairman of Forbes Media. Forbes of course online you
• 9:14
  Speaker 2: can read it every day and get his book Inflation.
• 9:16
  Speaker 2: You learn a lot from that book. It's a great book.
• 9:19
  Speaker 1: And Steve Forbes, thanks for being with us.
• 9:22
  Speaker 2: Thank you, pleasure, and go Yankees, go US soccer.
• 9:29
  Speaker 1: Thanks for being with us.
• 9:30
  Speaker 2: Take care and maybe even go Mets. It's a weekend coming,
• 9:33
  Speaker 2: Let's be nice.
• 9:34
  Speaker 1: Yeah, all right, very good, thanks for being with us,
• 9:37
  Speaker 1: Take care, Hey, coming up. Buck and Clay Noon Today
• 9:40
  Speaker 1: excellent show every day at twelve noon, Sean Hannity most
• 9:44
  Speaker 1: listened to radio show in America at three, Jesse Kelly
• 9:47
  Speaker 1: at six, And You Got Jimmy Failer, A very funny
• 9:50
  Speaker 1: show every night nine to midnight, seven to ten. WR