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 months

Recordings per month over the last 12 months — 23 in all, peaking in Jun 2026 with 6.

newest first · ▶ plays the moment

and we're going to have cheap energy, which seems like a pretty good combination.

Sorry?

Well, I think if you look, the Fed publishes something called the Summary of Economic Projections, and it's pretty politically biased.

But we're seeing that we can see one, two rate cuts this year.

And I think that once we see over the next one, two months that the tariffs haven't been inflationary.

And I have breakfast with Chair Powell almost every week.

And I just keep saying that a one-time price level increase is very different than the notion of a persistent inflationary spiral.

I think that we used to say TDS was Trump derangement syndrome.

I now say TDS is tariff derangement syndrome.

And when you think about it, the market crashed.

Then it had the fastest recovery in history

Over a 54-day period, we're back at a new high.

So I think the market is looking through all this to next year with the productivity boom.

And to the question, I think minimum on a forward 12-month basis, we're going to take in at least $300 billion in tariff income.

No, I think that they're just stuck in an old way of thinking.

I'm only going to talk about the mistakes they made, not the mistakes they're going to make.

But I do think at a point, they're just going to have to kind of admit that they have been wrong.

Because if you think about it, I don't believe that a tariff is a consumption tax.

But if tomorrow we put on a 1% consumption tax, you would never say that's 1% inflation.

That's right.

Showing 721–740 of 1,008 · page 37 of 51