The Glenn Beck Program - Best of the Program | 2/9/26
Episode Date: February 9, 2026Glenn reminisces about the community he had while growing up. Has childhood innocence been destroyed? Right before the Super Bowl aired, F-22 fighter jets were pulled due to other "operational assignm...ents." That is just the beginning of military equipment headed toward the Middle East. What is going on? Committee to Unleash Prosperity co-founder Stephen Moore joins to discuss the state of the American dollar and the changes coming to the Fed. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Today, bad bunny.
The Super Bowl performance,
there's a lot more
to look at.
You want to hear this.
And I'll take you back
to a time when
kids didn't have to worry about
bad bunny.
We had, I don't know, we had some limits at one point.
Also, Iran and the UN.
Why does the UN system collapse when the U.S. is not underwriting it?
And why are we now bailing out the U.N.?
And not letting them collapse, a great explanation of that.
And Stephen Moore on the economy, all that,
and so much more on today's podcast at glenbeck.com.
If you are a torch subscriber, you can hear the whole thing.
Otherwise, here is the best of podcast.
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difference. And thanks for standing with us. Now let's get to work. You're listening to the best of
the Glenn Beck program. Last night after the Super Bowl, I started thinking about watching the
Super Bowl with my dad and my family at the house and what it was like and and how everything was
just simpler back then. I mean, I want to talk to you about culture and and and childhood.
Not childhood is an idea, but what it actually felt like. And it doesn't matter what language
you speak or, you know, where you're from. The culture we all should be striving for is the one
that doesn't expose, you know, children to grinding and songs about push it in, push it in,
push it in.
When did we stop saying this is not appropriate?
When did we stop saying, let kids be kids?
You know, in the 1980s, when I was growing up, 70s and 80s, you got up in the morning
and you walked to school, alone, maybe, or with your sister or brother, and it could be a mile.
I think my walk was about two miles.
I don't know, maybe it was only a mile.
But you didn't think twice about it.
This is the way it was.
When you got old enough, you took your bike.
But you didn't need to take your lock for your bike.
You didn't need a lock.
You lean it against the rack or a fence or, you know, a tree.
And it was still there when you came back because the culture was different.
In the summer, you'd, you'd wake up early.
You'd pour yourself a bowl of cereal.
You'd dig around for the prize at the bottom of the box.
That mattered, by the way.
You got dressed fast.
Not because anybody told you to, but because the day was waiting.
you walked to your friend's house.
You didn't call first.
You just knocked.
Hey, can you come out and play today?
I'm not even sure what we did all day.
I don't even remember.
What we did all day in the summer every day?
I honestly don't know, but we were out every day.
Sometimes we walked around.
Sometimes we would play ball, sometimes frisbee,
but nothing organized.
There were never any adults hovering.
There was no schedule.
Nobody was driving us.
I grew up in the Pacific Northwest.
So it rained a lot there, but on rainy Saturdays, I remember if we were lucky, we'd turn on channel 13.
Not that there were actually 13 channels kids, but, you know, there was four, Channel 4, Channel 5,
Channel 7, and 13, okay? Channel 13 was the odd man out. It wasn't one of the networks,
so it didn't have any new shows. But once in a while on a Saturday, they would run like a Twilight Zone marathon
or a Godzilla marathon. And all of my friends would come over and we'd all, you know, sit on the floor,
you know, it's raining outside and we'd eat snacks.
And honestly, the snacks that I think we probably bought ourselves, I mean, we could get cookies,
but, you know, snacks.
I mean, not that we were poor, I don't think, but, you know, our moms didn't buy chips
and soda.
That was something special, like, say for Super Bowl days, okay?
Um, but today's, by today's standards, I think maybe we were poor, but I didn't know.
it? I mean, I don't know. Everybody felt the same back then, you know. I had friends whose dad,
one friend, his dad was a lawyer, later a judge. He drove a Cadillac. I had another friend whose dad
was a doctor. Their houses were bigger than ours, but not entirely. It didn't have different lives,
you know. I guess the difference was they took vacations to exotic places like California,
where we didn't take vacations, you know. Summer vacation.
with my family growing up, my grandparents farm where you worked.
You know, but even there, after you worked, I mean, we were allowed to play.
And, you know, on days we could play, we would just leave the house and wouldn't come home until the streetlights were on.
That was the thing.
That was the agreement.
When the streetlights come on, be at home.
That was the rule.
And maybe it's because we didn't stress over so much.
I mean, kids talk about global warming today and the stress.
You don't know what the stress is like global warming.
I don't even know if we can have families when we grow up.
What are you talking about?
I mean, I understand that feeling.
We had nuclear war.
Okay.
Let me tell you about the global warming that we were worried about as kids.
Not a temperature rising a fraction of a degree over a century,
but the temperature rising 10,000 degrees in 12 minutes, okay?
Terrified of nuclear war.
And we'd go to school and we'd practice drills and, you know, we'd hear about it on the news.
We lived in the quiet knowledge that the world could end before dinner time, before the streetlights came on.
But that just was, you know, and we weren't brought into it.
Yes, our schools did drills, but the adults dealt with this.
We weren't trained to march in the streets against nuclear war.
It wasn't brought up to us as kids every day because we would have freaked out.
kind of like our kids are freaking out now.
We concentrated on the little things like the sound of the screen door slamming shut as we were running off the porch to start the day.
And I don't want to sound, you know, like an old guy, but I am an old guy.
Things were simpler then.
We didn't have phones with us all the time.
We didn't have social media all the time.
I mean, it sounds boring when you say it out loud, but we were never bored.
And I mean, partly because if you ever said, I'm bored out loud, your parents or an adult would
immediately find work for you to do.
Oh, you're bored.
Here, come on on.
You'd be like, I'm not bored.
What do you?
And but they never suggested activities.
They would just say, go outside.
We didn't have organized sports.
No one drove us everywhere.
We made the games.
We were the players.
We were the refs.
We were the crowd.
That was it.
And I don't remember getting bored.
I remember when we got cable TV and we thought, wow,
We're going to have so many channels, something will always be on.
Now, no, no, it didn't change.
I had a phone, mainly because of my sisters, we had one in our hallway that had a really,
really long curly cord that was so stretched out because it wasn't far enough away from the family
for my sisters.
So they would stretch it all the way around the corner and sit in a closet and they would talk.
I remember a friend of mine in high school got her own phone line in her own bedroom.
Wow. What? Thought that was incredible. And I'd call her and we'd talk for hours. And sometimes we'd be on the phone, but we wouldn't be talking. Silence wasn't awkward. It was normal. And we didn't send pictures of ourselves. We didn't talk about sex the way kids talk about it now. We weren't distracted. There was silence wasn't because we were distracted. There was nothing demanding our attention every five seconds. Silence was.
was part of being together.
And then things started to speed up overnight delivery, fax machines.
Who needs paperwork overnight?
I don't know, lawyers, maybe.
But as these things happened, every invention felt exciting, like progress, like confidence
in the future.
When cell phones came along, man, it's going to save us time.
Dad can do work in the car and perhaps leave the office earlier.
Remember that lie we told ourselves?
It wasn't that dad could work all the time, which is exactly what happened.
Doctors had beepers, so if they were out at dinner or a movie or playing golf,
the hospital could reach them and call them in for emergencies.
Now everybody's got that beeper.
When social media was introduced to us, it was promised that its main gift would,
it would help us reconnect with our friends that we had lost touch with.
Or we could become more deeply involved and aware of what our family and extended family,
we're doing. Uh-huh. Has social media brought our families closer together or broken our families
up? And most of our time online is not with friends at all. That word doesn't even have meaning anymore,
does it? Friends are followers now. When I was growing up, followers meant something entirely different.
It meant you followed a religious leader, as in I'm a follower of Christ, or you were a follower of people
and it tended to mean that you were about to be in a cult.
What started out is being a way to reconnect with our friends and family
now has us texting friends who are sitting right next to us
and scrolling while the family is together.
I'm not sure things are getting better anymore
because we don't seem to set any boundaries at all.
Did anybody set a boundary last?
night watching this at the Super Bowl. All these modern conveniences, they're not making life simpler.
They're making it heavier. They're making it more complex, harder to keep up, harder to find real
friendship, real people. And we fill every second of silence. We walk around with a phone that sounds
like a casino. It's in our hands or it's in our pocket every day. And it sounds like a casino.
It's got all the bells and whistles, all the endorphin rushes. You know, just, and it's
built. It's designed. They tell us this and we do nothing about it. It's designed to keep you
pulling the arm of the new slot machine. And we're walking around with these phones and claiming
that we're poor, but everybody seems to have a phone that's at least $500. I mean, I guess,
I mean, in my childhood, people that live like the average person lives today would have been,
would have seen wealthy beyond imagination.
and maybe that's because we just didn't buy things on credit at the time, you know.
So now everybody's buying everything on credit because they want it now.
And so we all just look wealthy, except we're just deeper in debt.
Simpler times do not mean better times.
They just mean clearer times.
And the more I look at our society, I think maybe the real difference between my childhood and
children's childhood is just clarity.
Because there were monsters under the bed when I was growing up.
We outgrew the monsters under the bed.
But when we did outgrow those monsters that were hiding in our closets,
we knew what monsters were real and what monsters were not real.
And today, the battle is not between good and evil.
It's about what's real and what's not.
What's real and what's artificial.
we're raising children in a world that no longer knows the difference between the two
last night that was a performance on stage and it was pushing our culture
we didn't even notice it i guess that's everywhere now that's just the way it is today and so
it becomes our reality maybe maybe the real value
because if you read scriptures it's always saying remember remember i think it's one of the
most used words in scriptures. Remember. Maybe the value of remembering isn't about going backward.
It's just noticing the things that we once had to help us remember the things we may have lost
along the way that were good. Ordinary days with real friends. Just quiet pauses, silence that didn't need to be
filled. Meals that didn't need to be photographed first. It's tough because you can't pass
these lessons on to the youth of today. Just like our parents couldn't pass this on to us because
you won't listen. You won't appreciate. You know, parents used to say the same things to us about,
you know, their childhood, blah, blah, blah, blah, blah, blah. So you can't pass those on. The lessons,
perhaps, of our childhood and our kids' childhood only come after you grow up. The kind of growing
up that isn't dependent on age, but on perspective.
And when we begin to remember the kinds of things,
the kinds of things you haven't thought about for years until one day they all come back,
it's then you realize, wow, those things were important.
And they shaped me more than I ever realized.
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Now back to the podcast.
You're listening to the best of the Glenn Beck program.
Let's start with a ramp, okay?
Planes are moving now towards the Middle East.
We found out that the F-22s that were supposed to be going in kind of an
interesting detail. I mean, Donald Trump's not trying to keep this secret. He knew this wasn't
going to happen. And they made the special patch with the F-22 shadow on it, knowing that part of the
conversation would be, wow, the F-22s were supposed to be here, but they weren't here. They didn't do
the flyover. Why? Where were the F-22s? Well, I can tell you, I think I know where they're going.
But let me tell you where the C-17s are. So the C-17s are. So the C-17s,
these are major, massive plains, okay?
112 C-17s are on their way to the Middle East now.
That's equivalent to Desert Storm.
That is a lot of C-17s, a lot of C-17s.
So what are we doing?
Well, those C-17s deliver massive, huge amounts of equipment.
troops as well. I don't think that we are putting troops on the ground, but, you know, we're putting
something on the ground. Why are we putting all these over here? If I were Iran, I would be
crapping my pants right now because we're in negotiations. So the negotiation with Iran is happening
now in Oman. I think it starts tomorrow, I think. There were some this weekend and it didn't
sound like we got anywhere, but they go in tomorrow. And then Benjamin Netanyahu's coming to the
White House, I think on Wednesday or Thursday. Well, gee, that's a perfect time to say we've either
just bombed or we're about to at some point. And here's your last chance, but we'll see.
I just don't know how we are going to
How do you negotiate with a country that just killed 35,000 of their own citizens?
35,000 of their own citizens that were marching in the streets.
And we said we're not going to tolerate this.
And I believe Donald Trump, we're not going to tolerate that.
I don't know how we're not going to tolerate it.
But, you know, we always say we're not going to tolerate things.
And then we do.
So Donald Trump, first thing he has to do is restore deterrence.
Yeah, we tell you something.
We mean it.
We mean it.
And he's done that.
This is the longest I have seen him take on, well, no, I guess, I guess Venezuela is like this.
You got to get out.
You got to get out.
We're building up.
We're building up.
We're building up.
You got to get out.
And then what happened?
Well, he should have gotten out.
I don't want war and I don't want any of, I don't want any of troops on the ground.
I don't.
But I also don't want to encourage people to protest and then they do it because they think they're protected by us and then they get slaughtered and we do nothing.
We just can't target the civilians.
We have to target the mullahs.
And I think we're going to go in again, you know, on their nuclear.
But I just, I don't think it's going to be like what we've seen before.
You know, any regime that can kill in the dark and then get everybody arguing about the number.
is a regime that needs to be stopped.
Needs to be stopped.
So what is Donald Trump doing?
Let me take you to a story unrelated to Iran, kind of.
What is the UN known for besides corruption and everything else?
What are they known for?
Sternly worded letters?
We're not going to tolerate this or we're going to write a sternly worded letter.
Oh.
So no action, no teeth, nothing.
And they're taking the world in a completely different direction.
So last week, we heard that we were not paying our bill.
And no other country, of the 180 countries, part of the UN, no other country was willing to step up and pay their bill.
Okay.
So it wasn't just the United States.
Although we owe $3 billion.
And if they don't get our $3 billion, they shut down.
And I thought, yes, yes.
And then this weekend, I read a story that we're now writing a check for $3 billion to the UN to keep the doors open.
And I'm like, wait a minute.
What?
Why?
We just pulled out of the WHO.
The UN was on the ropes.
What did they do?
They had to slash their budget or they would have gone out of business really fast, slash all their budget.
They had to cut a bunch of jobs.
They had to reduce their peacekeeping missions, like those are actual missions.
and just as it looks like, wow, the curtain is coming down on the U.N., America writes a check to save it?
What are we possibly thinking?
I'm going to give you an idea.
I don't know if it's true.
Trump is now in this position where he is either feared or respected in the world.
It's better to be respected, but if they won't respect you, they should fear you.
Okay.
I told you last week, here at home, he's softening the people.
are. He's not, I mean, look how he's handling Minnesota. He is not compromising his values,
but he's changing his tactics to get the job done. Unlike those on the left, he's not a destroyer.
He's a builder. And in this case, he's going to be the savior of the UN, which is weird.
But let me look at long-term thinking, the way I think he's looking at this.
You have to understand first, A, he's a negotiator, right?
B, he's a deal maker.
C, he's a builder.
He takes things that are wrecks and builds them into stunning new destinations.
So he's building things.
He's not just dismantling.
He's building.
A lot of things were like, why isn't he moving faster on this?
I mean, as fast as he's going, we actually are going, why didn't you do this faster?
So why would Trump get this close to shutting the UN down only to pay when no one else will?
Why rescue an institution that has spent decades bloated, ideologically hostile to us?
Here's the answer, I think, and it's not what you think.
This is not a bailout.
This is not a retreat.
This, again, he's a negotiator.
This is leverage.
When you're destroying and building at the same time, you don't pull the plug when your hand is still on the switch.
Because when institutions like the UN collapse outright overnight, they don't disappear.
They metastasize into really nasty cancers.
Because power doesn't vanish.
It moves.
And when it moves like this, it rarely moves in our direction.
So a sudden UN implosion does not produce sovereignty and sanity.
It produces chaos and power vacuums and regional strongmen and a global narrative, hear this, that blames one country for the destruction of the UN, and that is the United States of America.
Donald Trump understands something that, you know, Washington forgot a long time ago, and those Democrats who are in bed with the far left may have never learned.
You don't burn the building down if you're still trying to decide who controls the land underneath it.
Don't burn the building down.
Who owns the land?
Where is everybody going?
What's next?
So instead of burning it down, he's doing something, I think, far more dangerous to the UN.
He stopped playing unconditionally.
And look what happened.
for the first time in 80 years, the UN has cut its own budget.
We didn't have to pressure them.
We just said, we're not doing anything anymore with you.
Thousands of jobs at headquarters gone.
Peacekeeping forces slashed by a quarter.
Redundancies expose seven climate offices gone.
None of this happened because the UN suddenly found religion.
It happened because the check stopped coming.
this is the way Trump plays.
Now suddenly the money comes back.
Well, kind of, only partially, only conditionally,
only with massive strings and reforms already locked in.
That's not surrender.
That's a demonstration.
That's a redesign made possible because you told them no more.
And they knew this president means it.
And so they began making the moves,
US wanted because this is the art of the deal. Everyone assumes that Trump wants the UN gone. I believe
he does, but his genius is always killing two or five or a thousand birds with one stone, right?
So if he threw the rock saying, we're done and we're out, they had no choice but to make critical
changes. But if we really were out and it collapsed, what would the world say? The world would say,
it's America, it's Donald Trump.
But what does the world say
when he comes back in?
He strips the UN
and all those on the left of its favorite lie
that the reason the UN is failing
is because of us. Instead, he steps
up to save
the UN because the world didn't do it.
So the question turns outward.
Where are the other 180 countries?
Why are we the only one?
Because we're not going to do
this, why does the entire system collapse without American money? That doesn't make sense. It makes
his point and clearly makes his point. Why is global cooperation impossible unless the United States
underwrites it? That's not going to last. This is not an argument for the UN. That's an argument
against the UN. And every institution is watching the WHO, NATO, the alphabet soup of NGOs, forums,
councils, you know, panels that grew fat on American compliance.
They're all learning the same lesson. America will engage, but only if you change, because we're
not doing this anymore. This is not the end of global institutions. It's the end of the
blank check. Trump is trying to destroy the post-war order, but he's not doing it overnight.
He's dismantling the assumption underneath it, that America is always the one to have
to pay, always has to apologize, never demands results. We're just the whipping boy of everybody
else, and we're going to pay for it. So if you were hoping for fireworks, if you wanted to watch
the UN simply collapse on Lyme television, which I'd pay money to see, it would have been satisfying,
but I have a feeling this is much more effective. I think this president, well, I know this president,
for me at least, has earned my trust. On these things, he's earned my trust. On these things, he's earned my
trust. Like, I'm not happy the way we're
dealing with
Iran, because I would have, they started
killing people. I would have liked to see us go in and
stop them. But
I'm okay with the president
doing it because he's earned
my trust on he knows
what he's doing and he's, he
plays cards differently
than anybody else.
But a weakened, shrinking, exposed
institution forced to justify
every dollar
is far easier to replace.
than a martyr blamed on America.
This is not a rescue.
This is a containment of the UN.
And for the very first time in a generation,
the world is being told by an American president,
adapt, shrink, or you're irrelevant.
And this time, for the first time in my lifetime,
America means what it says and says what it means.
You're listening to the best of Glenn Beck.
Need a little more?
Check out the full show podcast, anywhere you download podcast.
Welcome to the Glenn Beck program.
I want to play something that's played on Super Bowl as commercial for Trump accounts.
Listen to this.
Here America.
If I start investing when I'm 16?
9.7.
It can change my future.
All our future.
I want to be a nurse.
Go to college.
Be a businesswoman.
I can save for a house with a trampoline.
Two trampolete.
This year, every American child gets an investment account.
A million.
will be pre-funded. That's free money. We can all expanse American dream. Sign me up.
So the savings accounts, we have one of my dear friend Stevens Moore with us now, the economist,
extraordinaire. Stephen, can I ask you before we get into the Federal Reserve? What are your
thoughts on the Trump savings account? I love it. I mean, look, it's amazing. Glenn, you and I have
known each other a long time. I arrived in Washington in the early 80s, believe it or not,
so over 40 years ago. I've become a swamp creature. But when I first came to Washington,
do you know what the Dow Jones was? I don't think a guess. Oh,000?
2000? Yeah, it was a thousand. Now we're 50,000. So this has been, you know, one of the most
spectacular, probably the greatest wealth creation era in the history of the world. It started with Reagan.
You know, Reagan did the tax cuts and we sweated the inflation out of the economy that we'd add under Nixon and Ford and Carter.
And we did the tax rate reductions.
We limited the size and scope and regulation of government.
And it's been an amazing period.
You know, American, this is just red, white and blue stuff, Glenn.
But, you know, if you look at the worth the value of all American corporations today, publicly traded companies,
there were $70 trillion.
China's $20 trillion.
The EU's maybe $22 trillion.
Canada is like $4 trillion.
I mean, we're so blowing away the rest of the world.
And so I'm really just, it's incredible.
And, you know, Trump said the other day we could go to Dow $100,000 by the time he leaves office.
Now, you know, you know Donald Trump, he never exaggerates, right?
But even if he came close to that, it would be an amazing.
thing. And so that's the really, really good news. And by the way, we have 140 million Americans
that are in the stock market. So it's not just rich people who benefit when the market goes up to
your 401K plan or IRA, all of those go up. But I like this idea of these putting money into these
accounts when a child is born. And, you know, I think it's going to do. Who pays for? I'm not sure,
I'm not sure how much the money will go into those accounts.
I like the fact that Michael Bell contributed $6 billion to low-income families.
I love that.
It's one of the most impactful philanthropic contributions ever.
But my point is, great idea.
Yeah, let's let that.
So by the way, the time of someone is 20 years old, even if you just start with $1,000,
if you put $1,000 in each year, you're going to have a million dollars by the time you're, you're 22, 25 years old.
So I like that, but my only frustration is that we should have, you know, George W. Bush back in 2004 wanted to put money, you take, allow every individual to take 10% of their paycheck.
And instead of sending it into the black hole social security, put it into an index fund.
And, oh, no, it's too risky.
You know, the Paul Krugman's and the Chuckie Schumers and, oh, no, that would be a terrible thing to do.
And what a disgrace that we didn't do that?
By the way, do you know who the original supporter of that idea,
which was Steve Forbes?
My good friend Steve Forbes, he proposed that in the early 90s.
So I'm just frustrated that we haven't democratized the stock market more than we have.
All right, let me switch gears.
You think that Kevin Warsh is the best man to be the chairman of the Federal Reserve.
I don't know anything about him.
The only person would be better than him is me.
I would love for you to be the chairman.
I love for you to be the chairman.
If it can't be me, Kevin Moore, she's fantastic.
Yes.
Okay.
Why?
Because he believes, look, first of all, let's keep this really simple, because sometimes
when you talk about monetary policy, people's guys glaze over and they run for the exit.
I can't try to make this really simple.
Why do you have a currency?
Why do we have currencies?
So you have something stable that you can count on to buy and sell?
Yes.
If it weren't for, you know, currencies will probably all still be living in caves.
So you can trade.
And you can, and the point of having currencies, it has to have two functions.
Number one, it has to be a store of value, right?
Because if it loses value, nobody's going to want to hold on to dollars.
If it just, you know, it's like, would you want to hold on to Venezuelan pesos?
those probably not.
Right.
Or Zimbabwe.
You know, I have a bill in my wallet, Glenn.
I think I've shown this to you.
It's a trillion Zimbabwe dollars.
It's probably worth about 36 cents.
I think I have a $2 trillion note.
Right.
So it doesn't matter how many zeros you put on the bills.
Does it retain its value and is it a means of exchange?
And so the only way that can, of a currency can function,
is if it fulfills those two missions.
And the dollar, one of the most important things for the United States in terms of monetary policies
is to make sure, Glenn, that the dollar retains its world reserve currency status.
So in other words, all transactions that are international, they don't happen in pesos,
they don't happen in euros, they don't happen in, you know, the wand.
They happen in dollars.
And that's a huge advantage to America.
But that can only happen if the dollar remains stable in price.
And so I think what you're going to get out of Kevin Warsh is somebody who understands
that you need to keep inflation under control and that growth does not cause inflation.
Growth does not cause inflation.
Okay, so help me out on this because Donald Trump wants the rates.
I know.
I know.
The rates being lower, typically generally people will say that's going to lead to inflation because it's cheaper money.
Right.
Yeah.
Borrow money, et cetera, et cetera.
So why do we think that's not the case here?
So I hope Donald Trump, by the way, I love Donald Trump, as you know, I've served as an economic advisor.
I think he's on amazing things.
I don't entirely agree with them on this.
So he, every time, you know, I see him as long as I've known him, he's always wanted lowered rates.
because he's a, you know, he's a real estate guy.
You know, real estate guys love low, low interest rates.
The problem is, again, I'll try to make this really simple.
Do you remember back in 2024 right before the election when Kamala Harris was running against Donald Trump,
what did Jerome Powell did?
He lowered the interest rates.
Gee, funny how he did that, just six weeks before the election.
I think he might have been trying to give a little boost to Kamala.
But the point is it didn't work.
You know why? What happened to mortgage rates after they cut the Fed funds rate?
They go up? They went up. No, they went. They went up. So why did they go up? It should go down.
Because, well, except that when the Fed funds rate is cut, that pushes more money into the economy, right? It's a short term sort of stimulus because you get this more money in the economy, but that tends to lead to what? More inflation, right?
right, because there's Milton Friedman taught us.
Inflation has too many dollars chasing too few goods.
So my point is I'm not so sure that lowering rates, and I'm not against a rate cut,
but it's not like people think that the Fed Sherman is like the wizard of a lot
behind a curtain.
He could just push a button or pull a lever and make the economy work.
I mean, that's not the way it happens.
And so I think what we want is stable prices.
We want to get that inflation rate down to 2%.
I think we're headed there.
uh... so i'm fine with lowering the rates maybe once or twice but don't do it
too much
or else you're gonna get a recurrence of the high inflation that we had under
biden which is the last thing so then what is so what is kevin worse going to do
that besides so he's a tool does he have
well uh... first of all he can uh... he that you know there's two things he can he
can adjust the interest rates
uh... up and down but he has to monitor he wants to keep the inflation in that
right target
the other thing is you know that the f that the fed
has a massive balance sheet of trillions and trillions of dollars and why why sell them what
we don't have the government owning assets so he can and the other thing you know what he should do
you know how many people walk in work in that matage mahal that that uh jerome paul is building
uh right off of pennsylvania avenue it's like less than a thousand people three thousand
I told Kevin Werson, he said, let's just fire half of those people. What do they do?
Is he one of us?
Yeah, he is. He's a free market guy, total. I think he's going to be excellent. I think he gets everything that we've been talking about.
If we get a stable and strong dollar, and that's the other thing, keep the dollar, the world reserve currency, we will continue to be the global leader around the world.
I look, I'm super bullish right now.
I really am.
I think Trump is, I don't always agree with everything he does or says, but for the most part,
this is a Trump boom right now we're in.
It really is.
And I don't understand why the public, you know, you look at the consumer sentiment and it's down.
And, you know, now half the people just hate Trump no matter what he does, right?
So, you know, he's got a cap at about 50% approval.
But I think you're going to start to see people really realize, hey, this is about as good
as it gets in an economy.
You know, you've got a booming stock market.
You've got inflation coming down.
You've got gas prices at $2.69 a gallon.
I mean, it's just a beautiful picture.
I think the problem is that nobody feels, they all feel my job could go away tomorrow.
This could end tomorrow.
Yeah.
You know, we still have inflation.
It's, you know, it's close to zero as you're going to get it.
But we didn't go back.
So, you know, except in some things, we went way back.
But, you know, so.
it's not back to the way it was in 2019, you know, in 2019, which you wouldn't expect it to.
But so they're seeing that.
By the way, you don't want that.
The worst, you know what's even worse than high inflation?
It's deflation.
And we have, you know what we had deflation in the 1930s?
So we want that, we just want to, and we all make this mistake.
I mean, Trump made this mistake today.
I've made it earlier on a show this morning.
I said, well, we want falling prices.
No, we don't want falling prices.
We want falling inflation.
that's different. In other words, we don't want things to depreciate value. We just want to keep them steady.
And I think Trump is on that course and, you know, he gets it. And look, he's a businessman.
That's what's so unique about Trump as a politician. He actually understands business.
How many of these dofusses in Congress do you think understand business?
None. Very few. Let me ask you this.
Yeah. Let me ask you this. I have been saying for a while that Trump has been, been, been
breaking up the international order in his first year.
That's what he was doing.
He was breaking all of that up and he's doing a brilliant job.
Now he's softening and he's turning his attention to Main Street this year,
but he couldn't turn his attention to Main Street until he got the people out of the way
who were trying to say Main Street doesn't matter.
And so he's turning it to Main Street now and doing things.
Do you think that's accurate?
Yeah.
And what's going on in the world right now is.
is there's United States envy.
And so our economy is growing much faster than any other country.
We're growing faster than Canada.
Europe is flatline.
China's not doing very well.
Japan's been flatline.
And I'm going to tell you, everywhere around the world, though,
because I do travel around.
And people, when I talk to just average people on the street,
you know, I go to Canada or I'll go to Britain or I'll go to Asia,
what do you think about Donald Trump?
They love Trump.
You know why? And I predicted that we are going to see a Trumpian power to the people movement all around the world.
And we're seeing that already. Look what's happened in Argentina.
Look what's happened in Costa Rica.
Look what's happening in almost all of Central America.
They're moving towards away from these arrogant, out-of-touch politicians that are self-serving.
And I think you're going to see in Britain.
Do you know Nigel Farage? Have you met Nigel?
I do. I do.
I think he's going to be the next leader of Britain.
Britain. I really do. And so what I'm saying is what's so exciting is we could see this kind of
power of the people, Trumpian revolution, all over because it's working in the United States,
and everybody's looking like, remember that famous scene in the movie when Harry met Sally,
when Meg Ryan says, you know, you know, exactly. That's what the most of the world is saying.
Yeah. Yeah. I'll have what she's having.
Stephen. It always great to talk to you. Thank you so much for a phone and information.
Have a great week. Take care.
Stephen Moore, a good friend of the program,
and really smart economist.
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