About this episode
* Short and not-so-sweet. Maybe that's how you would describe President Trump's inaugural speech * Which, I think was the briefest since Jimmy Carter * But now, Donald J. Trump is the 45th President of these United States * I did in general like his speech; I agree with much of what Donald Trump had to say * Talking about how bad things are in the U.S. economy * Yes, there were some people who benefited * People in Washington certainly benefited, certainly Washington has been booming, right? * Because they've been sucking all the wealth out of the rest of the country * So the bureaucrats and certain segments of the population have benefited * From central planning and central banking and the cheap money and the bubbles * But Donald Trump hit the nail on the head * When he talked about all the factories like tombstones littering the landscape * How our wealth has been sucked out * The Middle Class has been hollowed out and the country is hurting * All this is true, and I like the fact that he says we're going to take back the government for the people * Take it away from the elites, take it away from the bureaucrats and bring the power back to the people * All that is great. * The question is, What exactly does Donald Trump mean by that? * Does he mean, get the government off the people's backs? * Does he mean unshackle us from government * Get rid of all the regulations, get rid of all the taxes and government spending * Get rid of all the bubble blowing * Let's have sound money and higher interest rates * Let's have a real economy so that individual Americans can pull themselves up out of the ditch on their own? * That we can roll up our sleeves and work our way out of this gigantic hole that the government placed us in * And if it's going to be free enterprise, limited government and freedom? * Of that's what he means by "Taking back the government for the people" * Then, that's great * But what if he doesn't mean that? * What if he means a Trumpian "New Deal"? * What if he's talking about government proactively doing things to "help" the middle class * Like big spending on infrastructure, where the government employs the people directly * And creates jobs, like they did during the Great Depression? Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy