Peter St Onge Podcast
Ep. 67: Interview EJ Antoni on The Real State of The Economy
Jul 20, 2024
EJ Antoni from Heritage Foundation talks about inflation, jobs, and the looming Commercial Real Estate disaster. They discuss government actions, unsustainable consumer spending, and concerns about future crises. Also covered are topics like valuing assets, banking regulations, and dynamics within the current administration.
35:52
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Quick takeaways
- High inflation rates result from Bidenomics' excessive spending.
- Inadequate inflation measures overlook shifting consumer demands, distorting economic outlook.
Deep dives
Bidenomics Impact on the Economy
Bidenomics resulted in massive government spending and borrowing, leading to negative growth and high inflation rates. Consumers, depleted of savings, turned to credit cards for basic needs due to rising costs of living.
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