Doug Burgum
speaker
1,008 appearances
32 recordings
11 series
first heard Jan 2025
last heard 5 Jun
Doug Burgum’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 23 in all, peaking in Jun 2026 with 6.
Appearances
I was not around for the railroads.
But I used to teach economic history.
1880s, 1890s, the railroads made it 10 times faster to cross the United States.
We had this incredible productivity boom.
It was the gigantic GDP growth and it was disinflationary.
So imagine you're having double digit GDP numbers and inflation was minus two, minus three, minus 4% just because the costs were coming down.
Then in the 1980s, under Reagan, we had what I would call a deregulatory boom, because hard for everyone in this room to remember, but everything used to be regulated.
Price of airline tickets, telephone bills, banking services.
So 1980s, we had a deregulatory boom.
Paul Volcker brought down inflation, but it was also the deregulation.
1990s, which I previously mentioned, we had had a electronic buildup, and then finally it kicked in, especially in office work, and that led to a big productivity boom, and we paid down the national debt.
We had a surplus.
We had a surplus, and I mean, it seems crazy.
I found a paper the other day that people were wondering, well, what are we going to do if there aren't any government bonds?
There are plenty of government bonds.
But I do think there's a chance now that we could have this growth acceleration, and if...
I'm shooting for 3%, but I can tell you the trajectory of the debt path really changes.
And if we can also have lower interest rates because it's noninflationary.
I think the Fed's going to have to be open to this idea.
Yeah.
Showing 661–680 of 1,008 · page 34 of 51
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