Coleman Church

And then I don't know what happened shortly into the administration, but there was clearly a pivot that I didn't see coming.

And it was around the time of the tariff tantrum and the big sell-off in the stock market.

But out of that seemed to come that there was a shift towards what people are now calling run it hot, which is

Forget about tamping down spending, little tax cut.

Maybe we'll take some slower growth, but we'll reduce the deficit.

That'll be good for the long term.

And instead, let's just run it both ways, fiscal and monetary.

So let's cut rates and let's cut taxes and let's spend more.

And I don't know what...

what happened or if that was always the plan but or someone saw under the hood and said look the only way typically there's two ways to get out of a debt problem you grow your way out or you inflate your way out right and it seems to me we're going all gas no brakes on both like we'll just we're gonna we're gonna grow and we're gonna we're gonna let some inflation go and that's the way we're gonna get out of this debt issue and

I think Trump this week was saying, I could see 20, 25% GDP growth.

I mean, that's a nice number, but that would certainly help our deficit issues.

Oh, 20-25% GDP, no.

Sure, sure.

I mean, Erdogan's probably the most famous in Turkey.

No.

What happened?

He tried to keep cutting rates into an inflationary environment and put pressure on the central bank to cap rates, but the free market always... I always say you can suspend the laws of...

of science, of physics, of gravity, of market economy for a time, but ultimately the gravity always, always works.

So, and the free market always, always works.