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Mark interviews economist Steve Moore. · The Mark Simone Show

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  Speaker 1: Seven tenors. Mark Simone show continues Now well Steve, brilliant
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  Speaker 1: economist Steve Moore, of course you seem all over television.
• 0:10
  Speaker 1: Read his columns. Is one coming in the Wall Street Journal,
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  Speaker 1: and make sure you get his book is brilliant book,
• 0:16
  Speaker 1: The Trump Economic Miracle. If you really want to understand this,
• 0:19
  Speaker 1: better get Steve Moore's book. Also, make sure you subscribe
• 0:22
  Speaker 1: to the daily Briefing, the hotline. It's the best one
• 0:25
  Speaker 1: there is. It's free, it'll come write to your email.
• 0:28
  Speaker 1: Just go to Unleash prosperity dot com. Unleash Prosperity dot com.
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  Speaker 1: Steve Moore, how you doing.
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  Speaker 2: Well, Mark, I'm doing great. Twenty twenty six is off
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  Speaker 2: to a rip roar and start. We've seen amazing gains
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  Speaker 2: in the stock market. We've seen, you know, an incredible
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  Speaker 2: military operation that will go down in the annals of history.
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  Speaker 2: Is one of the most flawless operations ever. We liberated
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  Speaker 2: thirty million people in Venezuela, a very humanitarian mission and
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  Speaker 2: I think in places coming down, jobs are going up.
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  Speaker 2: GDP's going up. It's going to be a blockbuster year.
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  Speaker 1: Yeah, you know, Venezuela is fascinating. There's no better example
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  Speaker 1: of the uselessness of socialism. He decides to go socialist.
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  Speaker 1: Everybody's starving to death. It's horrible. They're sitting on three
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  Speaker 1: hundred billion barrels of oil there seventeen Yeah, why was
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  Speaker 1: he in these drug things? Why didn't he just become
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  Speaker 1: an oil baron?
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  Speaker 2: You know, we had something in how you mentioned our
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  Speaker 2: hotline thank you and by the way, that's free. Folks
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  Speaker 2: just go to onun least past thirty to kind of
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  Speaker 2: get that for free. But on Monday we had an
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  Speaker 2: item that got a lot of attention which we just
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  Speaker 2: we just walked people through with charts. What had happened
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  Speaker 2: to Venezuela since they went communists back in around two
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  Speaker 2: thousand and This was a country, it was fairly middle
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  Speaker 2: class country. They had, as you said, they have trillion
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  Speaker 2: dollars of oil resources. First of all, they've cut their
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  Speaker 2: oil production by two thirds, the one thing that they
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  Speaker 2: were getting money from they couldn't even run the oil wells.
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  Speaker 2: And so you had you had the poverty rate in
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  Speaker 2: u in Venezuela is seventy five to eighty percent. What
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  Speaker 2: seventy five to eighty percent of people in Venezuela living
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  Speaker 2: in public. This is a country, by the way, that
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  Speaker 2: has as much oil as Saudi Arabia. I don't see
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  Speaker 2: a lot of stop poverty in Saudi Arabia, do you.
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  Speaker 2: Everybody's rich in Saudi Arabia. And so there the eight
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  Speaker 2: million people have left. They lost a quarter of their citizens.
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  Speaker 2: You've seen inflation, you know, it's so funny, Mark, you
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  Speaker 2: know we in I don't know, funny story word, but
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  Speaker 2: you know in the US, will you have three or
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  Speaker 2: four percent in place? Oh? My god, plays out of control.
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  Speaker 2: You know what inflation? Ate wasn't Venezuela five hundred percent?
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  Speaker 2: What five hundred percent inflation? So people stopped using the currency.
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  Speaker 2: You know, the only thing they could trade in was dollars.
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  Speaker 2: So they destroyed their currency. They put everybody in poverty.
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  Speaker 2: Their their homicide ran rate went up by about one
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  Speaker 2: thousand percent. It's one of the most unsafe. It was,
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  Speaker 2: at least until our troops came in, one of the
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  Speaker 2: most unsafe. Caracas was one of the most unsafe cities
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  Speaker 2: in the world. On and on and on they destroyed it.
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  Speaker 2: And now, you know, let's keep our fingers crossed and
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  Speaker 2: pray that they can get those oils bigots going again
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  Speaker 2: and they should be a rich country and if they
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  Speaker 2: do it right, they will, but it requires what Milton
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  Speaker 2: Friedman told us is, you know, free markets are the
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  Speaker 2: way to go. And Vince Nellie Poland, you may have
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  Speaker 2: seen Poland. We had some story on this Poland when exactly,
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  Speaker 2: you know, when they became free and the Berlin Wall
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  Speaker 2: came down. They've had one of the fastest growing economies
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  Speaker 2: over the last thirty years.
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  Speaker 1: Yeah. I think you pointed out they Polish economy is
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  Speaker 1: now as big as Japan's economy.
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  Speaker 2: Incredible. I mean, it's just unbelievable what's happened there because
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  Speaker 2: of their free So this is not complicated. You know,
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  Speaker 2: a boy, New York could use some free market capitalism.
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  Speaker 1: Yeah, good luck.
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  Speaker 2: But I mean the latest I'm reading, Mark is that
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  Speaker 2: they're talking about like putting so many restrictions on rental
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  Speaker 2: properties in New York City. Nobody's going to build another
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  Speaker 2: apartment building for twenty years there.
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  Speaker 1: Yeah. Now he points this housing director. She took down
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  Speaker 1: her whole Twitter ataunt crazy, she took it down.
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  Speaker 2: Oh my god.
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  Speaker 1: She had tweeted home ownership as white supremacy.
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  Speaker 2: So yeah, well, you know what you're not gonna have
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  Speaker 2: any homeownership in New York because there's not going to
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  Speaker 2: be any homes to buy. I mean, who would buy
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  Speaker 2: under these kind of conditions? Who would build a new
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  Speaker 2: apartment building in New York? Now? You know?
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  Speaker 1: But you watch this Mondonnie talk. He seems like a
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  Speaker 1: very smart young guy. Very smart. Why is he so?
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  Speaker 1: Why did they get so crazy with this socialism? Why
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  Speaker 1: did they become irrational over it?
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  Speaker 2: You know, it's a real indictment of our education system
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  Speaker 2: because Mndonnie is well educated, he's well spoken, he's not
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  Speaker 2: a dummy. He just has really really crazy ideas. And
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  Speaker 2: you ask the question where did they come from? I
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  Speaker 2: think they came from the you know, the faculty lounges
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  Speaker 2: at these crazy universities. I do.
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  Speaker 1: Yeah. I don't think he can use the phrase well
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  Speaker 1: educated anymore, because if you go to these places you're
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  Speaker 1: not well educated. You come out Yeah exactly.
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  Speaker 2: Yeah, he's he has let me say, he's got a
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  Speaker 2: lot of years of education, but I don't think he
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  Speaker 2: has any you know, common sense. And I think we
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  Speaker 2: have to do a real soul search as a country
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  Speaker 2: about what are what are universities and schools teaching kids
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  Speaker 2: because by the way that you know, the people who
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  Speaker 2: were most enamored by Mandami were the young people in
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  Speaker 2: New York.
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  Speaker 1: Yeah. Wow, But you point out in the hotline this week,
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  Speaker 1: you look at cities like Dallas or Miami, they're just booming.
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  Speaker 1: They're attracting business like that. Crazy. Why can't everybody see that?
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  Speaker 2: Yeah? I mean in the Dallas mayor. By the way,
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  Speaker 2: they've a new mayor. He's African American. He's an African
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  Speaker 2: American Republican, and he's basically saying, hey, you know Wall Street,
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  Speaker 2: you know, if you're fed up with the high taxes
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  Speaker 2: and high regulations, we're open for business here. We now
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  Speaker 2: have a Texas Stock Exchange. Why not, You're Dallas is
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  Speaker 2: out of one hundred thousand financial service jobs in just
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  Speaker 2: the last ten years. So they are building Wall Street
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  Speaker 2: South and New York better, you know, stop taxing the
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  Speaker 2: people who create the wealth in that city or they're
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  Speaker 2: going to be gone.
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  Speaker 1: Yeah hey all that are you going.
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  Speaker 2: To take the big bull you know in front of
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  Speaker 2: Wall Street and Ukraine and did and you know, transport
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  Speaker 2: that to Dallas. I mean, look, I say this facetiously,
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  Speaker 2: but as you know, I worked for ten years at
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  Speaker 2: the Wall Street Journal. I love New York City. New
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  Speaker 2: York City is the most important city in the world, arguably,
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  Speaker 2: and we cannot allow it to to go.
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  Speaker 1: Yeah. Now, the other thing goes on with these socialists.
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  Speaker 1: Money disappears like crazy Somalia fraud. And what about this
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  Speaker 1: green green scheme, this climate green scheme that took billions
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  Speaker 1: and zillions, And will we ever get it back? Can
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  Speaker 1: we ever plot back?
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  Speaker 2: Are you talking about the thing in Washington State?
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  Speaker 1: Yeah? All of it?
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  Speaker 2: Yeah, which went? I mean the whole thing. I mean,
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  Speaker 2: we've spent hundreds of billions of dollars on climate change
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  Speaker 2: and none of it has changed the temperature by one
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  Speaker 2: hundredth of a degree, so it has had no impact whatsoever.
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  Speaker 2: But people are getting really, really rich off of this,
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  Speaker 2: and so fortunately Trump is really starting to defund a
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  Speaker 2: lot of the cheap programs because they don't work. And
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  Speaker 2: finally the American people are onto this scam. So the
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  Speaker 2: best way to by the way, the more you know,
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  Speaker 2: we can produce natural gas, which is Venezuela has a
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  Speaker 2: lot of that, Oklahoma has a lot of Texas natural
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  Speaker 2: gas is the best way to reduce carbon emissions. So right,
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  Speaker 2: is the left against natural gas production?
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  Speaker 1: Yeah. Also, you know, look at the New York City.
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  Speaker 1: You know, the charge of an extra couple bucks for
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  Speaker 1: congestion pricing. We're sitting on a ton of natural gas,
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  Speaker 1: aren't we here in New York State? That would pay
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  Speaker 1: for everything.
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  Speaker 2: Oh yeah, you know, New York should be one of
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  Speaker 2: the major oil and gas produce in the world. You're
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  Speaker 2: right there on the shale formation. And you know, I've
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  Speaker 2: said this many times. In Pennsylvania, they you know, go
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  Speaker 2: down and they go horizontally underneath New York and suck
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  Speaker 2: out your oil. So they you don't that's that's pretty
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  Speaker 2: stupid for New York to outlaw. You know, that'd be
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  Speaker 2: like Texas saying, oh, we're not going to drive for
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  Speaker 2: oil anymore. See, that would be a smart policy.
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  Speaker 1: It's like Maduro, let's not bother with that oil underneath us.
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  Speaker 1: So yeah, we'll speak more great stuff now, the Committee
• 8:29
  Speaker 1: to Unleashed Prosperity, which you put together. It's a great
• 8:32
  Speaker 1: organization and every morning the best briefing analysis. I don't
• 8:38
  Speaker 1: know how you guys write that. It's really good stuff
• 8:40
  Speaker 1: and it's free, right and they can just get it.
• 8:42
  Speaker 2: Sign up, just go. Yeah, it's fun. And in bed way,
• 8:45
  Speaker 2: you mentioned I thought you were talking about item today
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  Speaker 2: that they had a program in Washington State that was
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  Speaker 2: supposed to reduce by eight million tons of carbon emissions
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  Speaker 2: and it turned out to only eighty thousand, so they
• 9:01
  Speaker 2: were off by.
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  Speaker 1: Well that's this daily briefing has the best analysis of
• 9:08
  Speaker 1: the stories you know, and it has all these stories
• 9:09
  Speaker 1: you don't know about. But it's free. Just go sign
• 9:12
  Speaker 1: up for the hotline Unleash Prosperity dot com. And Steve Moore,
• 9:15
  Speaker 1: you got a column coming in the Wall Street Journal.
• 9:18
  Speaker 2: Well we're doing something on this. How about this idea
• 9:21
  Speaker 2: index capital gains taxes for inflation, so you pay only
• 9:25
  Speaker 2: the tax on you know, you're after inflation gain. And
• 9:27
  Speaker 2: we think that will spurl out of new housing coming
• 9:30
  Speaker 2: on the market, and so keep stay tuned for that.
• 9:33
  Speaker 1: I like it. And get Steve Moore's book, The Trump
• 9:36
  Speaker 1: Economic Miracle. It's excellent. Steve Moore, a miracle. You're gonna
• 9:40
  Speaker 1: have to do a volume two in a couple of years.
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  Speaker 2: All right, Mark, thanks.
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  Speaker 1: For being with us. Take care the great Steve Moore.
• 9:48
  Speaker 1: And that is the best daily analysis and briefing. It's free.
• 9:51
  Speaker 1: Just sign up. Go to Unleash Prosperity dot com sign
• 9:54
  Speaker 1: up for the hotline. Hey, don't forget Buck and Clay
• 9:57
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• 9:59
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• 10:02
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• 10:06
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• 10:10
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• 10:12
  Speaker 1: the next hour here on seven, ten, wor