The Election and the Economy

Kamala Harris told the Democratic National Convention that she has plans for what she called an “opportunity economy.” But with little detail about what such a platform entails, except for promises to end so-called price gouging and raise taxes on companies and the better off, voters don’t seem to have a clear picture of what they will get if the Vice President wins in November. Meanwhile Donald Trump is pledging to extend and widen his tax cuts from 2017 that are due to expire next year, raise tariffs across the board and roll back regulation. So what might all this mean for a U.S. economy where inflation seems finally to be under control but growth may be slowing? On this episode of the Free Expression podcast, former World Bank President and Trump administration Treasury official David Malpass explains why a Harris administration would mean more government takeover of the private sector, why the world looks to China instead of the U.S. for economic leadership and what needs to be done to lift long term growth in the U.S.

0:00 Introduction
3:00 Inflation
7:45 The Private Sector
13:05 The Debt
20:00 The Federal Reserve
23:12 Commercial Break
23:45 Recession?
28:18 Prices
32:35 The World Economy

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[technicolortony]

Why is no one talking about the fiscal impact of what deporting 7 million people would do? Imagine how much delivery or any service would cost?

[mwang]

I hope more people pay attention to these policies difference instead of emotion.