Dave Smith

The inflation, let's do that.

At 30 minutes, Natalie, the next one, the inflation clip.

topic comes up and here's how Donald Trump, here's how he addresses it.

Okay, so Donald Trump doesn't seem to understand interest rates.

He's suggesting that, oh, when things are going good, that's when they're going to raise the rates.

And so then the market reacts negatively to things going good.

And why would that be?

And it's like, okay, well, there's an answer there, right?

Like, why is it that the threat of raising rates

freaks out the market so much, even when things are going good.

And it's like, oh yeah, because you run an entire society on debt.

And so the entire society is now run on what their rates are.

If you could imagine anyone who has a mortgage, you know that rate makes all the difference in the world.

If rates are at 3%, you can afford a whole different house than you can if rates are at 9%.

Because, geez, man, the difference is insane on what the monthly payments are.

It might be the difference between you paying $2,000 a month or $6,000 a month, and one of those is unaffordable.

In other words, when you have a huge debt, like a mortgage, that interest rate going up makes a big difference.

And the more you run a society, government, the federal, state, local, corporate, everything's in debt.

Then, yeah, the interest rates going up are going to mess everything up.

But what would you have us do?