

Episode 4659: Breaking Down Trump's Economic Program
Jul 25, 2025
Join David Malpass, former head of the World Bank, and Ben Harnwell, political commentator, as they dissect Trump’s economic strategies. They tackle alarming federal project overruns and critique the Federal Reserve's outdated policies. The conversation dives into global currency dynamics, spotlighting the U.S. dollar's position and the rising role of gold as a financial safeguard. Harnwell also offers insights on the volatile political landscape in Ukraine, emphasizing the need for clear messaging and strategic foresight in today’s economy.
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Fed's Building Overruns Signal Mismanagement
- The Federal Reserve's building cost overruns reflect a broader management problem within the institution.
- This mismanagement is emblematic of a deeper issue impacting the Fed's overall effectiveness and policies.
Fed's Faulty Models Harm Economy
- The Fed's models for inflation and interest rates are outdated and inaccurate, leading to poor economic decisions.
- These faulty models cause interest rates to be held too high, harming small businesses and the average consumer.
Global Central Banks Favor Elites
- Central banks worldwide use similar faulty economic models and maintain high interest rates to constrain public consumption.
- This approach mainly benefits elites and banks, rather than supporting wage growth or average Americans.