Steve Moore: ‘Hopefully We Can Put [Bidenomics] in the Grave and Pour Salt on the Soil so the Idea Never Comes Back’

RUSH TRANSCRIPT In a ░░░░░░░░ term ever Larry Steve ░░░░░░░░ let s go into ░░░░░░░░ because people may not ░░░░░░░░ the term modern monetary ░░░░░░░░ okay but what you ░░░░░░░░ talking about is basically ░░░░░░░░ or limitless spending Larry ░░░░░░░░ the other key is ░░░░░░░░ modern monetary theory people ░░░░░░░░ do populate the Biden ░░░░░░░░ unlimited money printing right ░░░░░░░░ argue that because the ░░░░░░░░ is the world s ░░░░░░░░ currency quote unquote at ░░░░░░░░ for the moment we ░░░░░░░░ we could the government ░░░░░░░░ or the Federal Reserve ░░░░░░░░ buy all the bonds ░░░░░░░░ are sold could print ░░░░░░░░ the money necessary and ░░░░░░░░ s really the clincher ░░░░░░░░ modern monetary theory They ░░░░░░░░ not worried about inflation ░░░░░░░░ re not worried about ░░░░░░░░ As arthur said they ░░░░░░░░ not worried about sluggish ░░░░░░░░ Now have they been ░░░░░░░░ right or wrong so ░░░░░░░░ People to realize where ░░░░░░░░ came from Remember Larry ░░░░░░░░ arthur when Obama was ░░░░░░░░ he remember his 800 ░░░░░░░░ dollar so called stimulus ░░░░░░░░ with the shovel ready ░░░░░░░░ and it did not ░░░░░░░░ the economy The economy ░░░░░░░░ terrible over the next ░░░░░░░░ years They never came ░░░░░░░░ close to the 3 ░░░░░░░░ 4 target What was ░░░░░░░░ reaction The reaction should ░░░░░░░░ been all this spending ░░░░░░░░ debt doesn t really ░░░░░░░░ What they what they ░░░░░░░░ up with was this ░░░░░░░░ oy no ask Paul ░░░░░░░░ they didn t spend ░░░░░░░░ borrow enough money If ░░░░░░░░ just borrowed four or ░░░░░░░░ trillion dollars more 2 ░░░░░░░░ have worked Biden comes ░░░░░░░░ and buys crackpot theory ░░░░░░░░ is convenient for him ░░░░░░░░ he wants to spend ░░░░░░░░ any way right now ░░░░░░░░ have this experiment with ░░░░░░░░ It is modern monetary ░░░░░░░░ The point of our ░░░░░░░░ that arthur and I ░░░░░░░░ who have been the ░░░░░░░░ of this Well the ░░░░░░░░ class Larry because prices ░░░░░░░░ gone up by 20 ░░░░░░░░ are only up 16 ░░░░░░░░ 17 So the average ░░░░░░░░ is poorer as a ░░░░░░░░ of this So this ░░░░░░░░ does not work Hopefully ░░░░░░░░ can put it in ░░░░░░░░ grave and poor salt ░░░░░░░░ the soil so the ░░░░░░░░ never comes back One ░░░░░░░░ quick thing Larry if ░░░░░░░░ may You talk about ░░░░░░░░ I agree with arthur ░░░░░░░░ You guys came in ░░░░░░░░ guys did it you ░░░░░░░░ there you cut taxes ░░░░░░░░ the American economy to ░░░░░░░░ the Cold War Look ░░░░░░░░ payoff it was booming ░░░░░░░░ We won the Cold ░░░░░░░░ Borrowing in of itself ░░░░░░░░ not a