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

Transcript

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

• 0:00
  Speaker 1: Marximo Live from the w o R Lifeback Studio.
• 0:06
  Speaker 2: Well, we bring you the smartest people on earth. Steve Forbes,
• 0:10
  Speaker 2: the chairman of the Forbes Media an author of some
• 0:12
  Speaker 2: great books. Getty's latest book, Inflation by Steve Forbes. Go
• 0:15
  Speaker 2: to Amazon get the book Inflation. Of course, read Forbes
• 0:19
  Speaker 2: and learn a lot. Steve Forbes, How you doing doing fine?
• 0:24
  Speaker 2: Thank you?
• 0:25
  Speaker 1: Waiting for the big soccer matches? Sorry the US didn't
• 0:30
  Speaker 1: make it, but I, like many, I've become a soccer fan.
• 0:34
  Speaker 1: Never thought of what happened.
• 0:36
  Speaker 2: Well, I gotta be honest, I'm waiting for it to
• 0:38
  Speaker 2: be over Sunday night and everything to go back to normal,
• 0:41
  Speaker 2: and it's it's.
• 0:44
  Speaker 1: Oh, by the way, Yankee won the MVP in the
• 0:49
  Speaker 1: All Star Game last night, So maybe maybe that's a
• 0:52
  Speaker 1: harbinger that the Yankees will really get back in the
• 0:56
  Speaker 1: groove and finally win a World Series, which will be
• 0:58
  Speaker 1: essential for staving civilization. You know, the last time the
• 1:01
  Speaker 1: Yankees won the World Series was two thousand and nine. Wow,
• 1:05
  Speaker 1: the world's been in trouble since then.
• 1:07
  Speaker 2: So how do you become a soccer fan? What am
• 1:09
  Speaker 2: I missing? It just seems that there's hardly any scoring.
• 1:13
  Speaker 2: It takes forever to run around in shorts. What am
• 1:16
  Speaker 2: I missing? Well, it's like any sport. Do you either
• 1:20
  Speaker 2: get hooked into it or not. A lot of people
• 1:23
  Speaker 2: baseball as snoozeball, a lot of people watching golf. It's
• 1:27
  Speaker 2: like watching grass grow. So it's just a matter of
• 1:30
  Speaker 2: what take So who knows what gets us addicted? Hey,
• 1:37
  Speaker 2: you wrote the book Inflation. It's a great book. Everybody
• 1:40
  Speaker 2: should get it. But you literally wrote the book on
• 1:42
  Speaker 2: the subject. This report this week looks like we've got
• 1:45
  Speaker 2: inflation under control, doesn't it.
• 1:48
  Speaker 1: It does indeed, and both the DPI, the consumer Price
• 1:52
  Speaker 1: Index and producer price Index both going in the right
• 1:56
  Speaker 1: direction now one and I wish the president would warn this.
• 2:00
  Speaker 1: As long as they've got the Iranian crisis brewing, you
• 2:03
  Speaker 1: could see a spike again in oil and gas prices,
• 2:06
  Speaker 1: but I think we've already seen that. Eventually, that's going
• 2:10
  Speaker 1: to be resolved one way or the other. But we've
• 2:11
  Speaker 1: already seen that when things cool down, the prices come down.
• 2:16
  Speaker 1: And one of the things to keep in mind, and
• 2:17
  Speaker 1: the rest of that index is other than beef. Food
• 2:20
  Speaker 1: prices have stabilized and some have come down. We've seen
• 2:23
  Speaker 1: with eggs, and so it seems to be calming down,
• 2:27
  Speaker 1: and hopefully the president will be able to and the
• 2:30
  Speaker 1: Republicans will learn how to make that a positive issue
• 2:33
  Speaker 1: in the fall. And Kevin Walsh, in his testimony yesterday
• 2:38
  Speaker 1: and I'm sure he's going to do it again today,
• 2:40
  Speaker 1: has made it clear that the federal reserve certain things
• 2:43
  Speaker 1: they cannot control, like the war with Iran, but they're
• 2:47
  Speaker 1: not going to where they're going to look for a
• 2:49
  Speaker 1: stability of the dollar rather than trying to manipulate the economy.
• 2:53
  Speaker 1: And boy, even though it sounds nerdy and all that
• 2:57
  Speaker 1: kind of stuff that is the present, say huge in
• 3:00
  Speaker 1: the future, you're not going to have an unaccounted body
• 3:04
  Speaker 1: messing around with the economy.
• 3:06
  Speaker 2: Hey, you know, the warn Iran maybe drives the price
• 3:10
  Speaker 2: of oil of five to ten cents, but I don't
• 3:12
  Speaker 2: think most people are aware two three dollars of that
• 3:15
  Speaker 2: price is Democrats, regulations and fees and all that stuff. Well,
• 3:19
  Speaker 2: why can't Republicans make that clear to everybody?
• 3:23
  Speaker 1: Well, what they should do is say the extreme of
• 3:26
  Speaker 1: it is California, where you know the national average for
• 3:29
  Speaker 1: gas is about what three eighty nine. My neck of
• 3:32
  Speaker 1: the wood is about four ten four. In California, it's
• 3:36
  Speaker 1: five and a half six dollars. And just get a
• 3:39
  Speaker 1: little chart showing how much of that is the real
• 3:43
  Speaker 1: price and how much of it is taxes and regulation,
• 3:46
  Speaker 1: and say, these socialists wanted to make it even worse.
• 3:49
  Speaker 1: And you're absolutely right. Most of the gas so much
• 3:53
  Speaker 1: of the gas price is taxes and regulation. By the way,
• 3:56
  Speaker 1: New Jersey wants had the lowest, one of the lowest
• 3:59
  Speaker 1: gas prices in the country. And then several years ago
• 4:02
  Speaker 1: they changed the formula on the gasoline tax, so it
• 4:06
  Speaker 1: keeps going up and up and up automatically, so the
• 4:09
  Speaker 1: legislators don't have to do anything, but the price always
• 4:12
  Speaker 1: goes up at the pump.
• 4:13
  Speaker 2: Yeah. So you know Democrats, Well, when tariffs came along,
• 4:17
  Speaker 2: Democrats screaming about tariffs. Democrats put tariffs on everything. They
• 4:22
  Speaker 2: call it corporate tax increase. But isn't that the same
• 4:25
  Speaker 2: as a tariff.
• 4:27
  Speaker 1: Yes, the tariff is a tax, and the Democrats love
• 4:31
  Speaker 1: any tax they can get their hands on. And the
• 4:35
  Speaker 1: tax is not just direct taxes, but also regulation. And
• 4:40
  Speaker 1: you look at the New York are the dear governor
• 4:43
  Speaker 1: there has announced that no more artificial no more centers,
• 4:47
  Speaker 1: data centers, and that's the kind of thing New York did.
• 4:50
  Speaker 1: Years ago. Pennsylvania went all in for fracking, New York
• 4:54
  Speaker 1: have banned it. So Pennsylvania has literally gotten billions and billions,
• 4:59
  Speaker 1: over ten billion fifteen billion dollars of extra revenue from
• 5:03
  Speaker 1: the fracking, and New York just peak piling on taxes
• 5:08
  Speaker 1: and any good activity like an AI center out in
• 5:12
  Speaker 1: the middle of nowhere they banned. So it's absolutely perverse.
• 5:16
  Speaker 1: And by the way, we were discussing earlier about the
• 5:20
  Speaker 1: affordability crisis, isn't it a coincidence? Is it a coincidence
• 5:24
  Speaker 1: that the highest costs in the country are in states
• 5:26
  Speaker 1: run by Democrats.
• 5:28
  Speaker 2: Who caused the affordability crisis? New York has been run
• 5:31
  Speaker 2: by Democrats for twenty years.
• 5:33
  Speaker 1: Yes it has. It was New York City. And as
• 5:37
  Speaker 1: we pointed out before, New York and Florida has a
• 5:40
  Speaker 1: bigger population than New York and yet the budget is
• 5:44
  Speaker 1: a fraction of that of New York. How does that happen?
• 5:46
  Speaker 1: As Florida's suddenly a place where people are starving and
• 5:50
  Speaker 1: nobody gets an education and dying, no thriving place with
• 5:54
  Speaker 1: a budget that is less than half of that of a.
• 5:57
  Speaker 2: New York Hey Forbes. By the data centers, there is
• 6:02
  Speaker 2: some kind of concern about them using up too much
• 6:05
  Speaker 2: electricity and water in certain areas until they figure that out.
• 6:08
  Speaker 2: Isn't it good to have a little hold on this
• 6:10
  Speaker 2: for a while ntil we figure that out?
• 6:12
  Speaker 1: Well, you figure it out case by case. Data center
• 6:16
  Speaker 1: may be work in one area not in another area,
• 6:19
  Speaker 1: so you do like automobiles. They can pose problems, but
• 6:23
  Speaker 1: you figure out how to deal with specific problems. And
• 6:27
  Speaker 1: just as you wouldn't put a nuclear power plant in
• 6:30
  Speaker 1: Times Square, you pick and choose where you put these things.
• 6:36
  Speaker 1: Because the whole AI thing is has profound promise. We
• 6:41
  Speaker 1: all know that they're going to be downsides with anything,
• 6:44
  Speaker 1: but one of the areas of great promise is vastly
• 6:47
  Speaker 1: increasing how fast we can get new drugs and new
• 6:50
  Speaker 1: medical devices to market. Instead of waiting ten or twelve years,
• 6:54
  Speaker 1: we can start be getting them in a matter of
• 6:57
  Speaker 1: weeks or months. In my age, I think that's a
• 6:59
  Speaker 1: splendid I don't want to be told, well, we can
• 7:02
  Speaker 1: deal with this in fifteen years. No, we want it now.
• 7:08
  Speaker 2: Hey, there's a homeless camp that goes for about twelve
• 7:11
  Speaker 2: blocks now. It's on the west side, right near the Intrepid.
• 7:14
  Speaker 2: It's a shantytown twelve blocks long. It's been in the
• 7:18
  Speaker 2: news for days and days. Yet the mayor, Mom Donnie,
• 7:21
  Speaker 2: does nothing about it. What does that tell us about him?
• 7:25
  Speaker 1: What it tells us he's got the same mindset that
• 7:27
  Speaker 1: there works such miracles in Los Angeles. Yeah, we have
• 7:31
  Speaker 1: a huge problem, and we know what you do, you
• 7:34
  Speaker 1: don't let them come into existence. But he's handcuffed the
• 7:38
  Speaker 1: police on it. And I think the nice thing is
• 7:42
  Speaker 1: we're a media area and just say here's what socialism
• 7:46
  Speaker 1: brings you and start shaming him. And another thing we
• 7:50
  Speaker 1: should start doing is he's the biggest slum lord in
• 7:53
  Speaker 1: the country. Start going to some of these glorious communal
• 7:57
  Speaker 1: apartments that he's in charge of, where of rats running
• 8:00
  Speaker 1: around and water not running and maintenance problems, and say
• 8:04
  Speaker 1: this is what he's in charge of. You want more
• 8:08
  Speaker 1: of that? Vote for those kinds of people.
• 8:10
  Speaker 2: Well, yeah, but we did that in LA and put
• 8:12
  Speaker 2: the spotlight on all San Francisco. Yet they still keep
• 8:15
  Speaker 2: electing these crazies.
• 8:16
  Speaker 1: What do you do about the Well, San Francisco actually
• 8:18
  Speaker 1: elected a mayor who's a semi adult and has already
• 8:22
  Speaker 1: had some positive impact on that benighted area. And in
• 8:27
  Speaker 1: Los Angeles, I don't like to sound like a conspiracy guy,
• 8:31
  Speaker 1: but that mayoral election, suddenly tens of thousands of votes
• 8:35
  Speaker 1: come for this socialist out of nowhere, like voting manna
• 8:39
  Speaker 1: from heaven for a socialist. Where did that come from?
• 8:42
  Speaker 1: And we already know the stories of having these homeless
• 8:45
  Speaker 1: shelters with one hundred and thirty beds and over one
• 8:48
  Speaker 1: thousand registered voters there. Come on, there was massive fraud there,
• 8:52
  Speaker 1: and I'm glad finally they're going to get a serious
• 8:55
  Speaker 1: investigation of that. I think Pratt won second place. He
• 8:58
  Speaker 1: should have been on the member ballot and an honest election.
• 9:02
  Speaker 2: Good point. Yeah, San Francisco, you got voters waking up
• 9:07
  Speaker 2: to what's going on, and we probably did in La
• 9:09
  Speaker 2: We we just got cheated out of it. But these
• 9:13
  Speaker 2: Democratic leaders, the Schumers, the Pelosis, why did they surrender
• 9:17
  Speaker 2: their party to these lunatics. Why didn't they stand up
• 9:20
  Speaker 2: and fight to keep their party.
• 9:24
  Speaker 1: I think they were intimidated And it's amazing, And this
• 9:27
  Speaker 1: is why we must glorify our independence and constitution, is
• 9:34
  Speaker 1: that we saw what happened in Russia in nineteen seventeen.
• 9:39
  Speaker 1: A determined group of fanatics can take something over if
• 9:43
  Speaker 1: you don't resist it, and the Democrats didn't resist. When
• 9:46
  Speaker 1: AOC won in twenty eighteen against the long entrench congressman,
• 9:52
  Speaker 1: the party thought, oh my god, the activists are going
• 9:55
  Speaker 1: to come after us. They're going to primary us. So
• 9:57
  Speaker 1: it's out of fear, not numbers, but out of fear.
• 10:01
  Speaker 1: And so the disease has grown. By the way, in Colorado,
• 10:05
  Speaker 1: where you had an upset of a veteran, a congressperson
• 10:08
  Speaker 1: from a socialist radical socialist Colorado, the far left. There
• 10:14
  Speaker 1: got no publicity where Republicans were content to go along
• 10:17
  Speaker 1: nominating candidates blah blah blah. They were organizing the state,
• 10:22
  Speaker 1: figure out where the voters were, how to do ballot harvesting.
• 10:25
  Speaker 1: For several years they worked the machinery the politics of
• 10:29
  Speaker 1: that state. In turn of state that was mildly read
• 10:32
  Speaker 1: into a blue stronghold by getting control of the Democrat party.
• 10:36
  Speaker 1: And so that's why I had that flip in Colorado.
• 10:40
  Speaker 1: So we on the other side have to do the
• 10:42
  Speaker 1: same thing, nitty gritty work a voter by voter. What
• 10:46
  Speaker 1: these fanatics did. They can be turned back. They're not.
• 10:49
  Speaker 1: The majority Americans don't want this kind of stuff. Most Americans.
• 10:53
  Speaker 1: Good point. Well, Steve Forbes brilliant as always. Everybody get
• 10:55
  Speaker 1: his latest book, Inflation. You'll love the book. You'll learn
• 10:59
  Speaker 1: a lot. And also of course read Forbes and Steve Forbes.
• 11:03
  Speaker 1: Thanks for being with us. Good to be with you, Mark,
• 11:06
  Speaker 1: Thank you, keep up the great fight.
• 11:07
  Speaker 2: Thanks take care. Hey. Coming up at noon, Buck Sexton
• 11:10
  Speaker 2: and Clay Travis will be with us. Then he got
• 11:12
  Speaker 2: the most listened to radio show in America, Sean Hannity
• 11:16
  Speaker 2: and every night at nine, nine to midnight, a very
• 11:19
  Speaker 2: funny show. Jimmy Fayala. He's here on seven to ten
• 11:22
  Speaker 2: wor