Discussion on Interest Rates and Inflation

Fed Chairman Kevin, um, Warsh signaled Friday

that he might consider

raising rates. Are you opposed to this, and have you spoken to him about it?

No, I have a lot of respect for him, and he'll do what he has to do.

I think we-- our interest rates are too high.

I think that, uh, we're the leading country in the world.

We're now an economic force like, like we've never been before because of

what's

happened. We have the greatest investment ever made

in any country

by many times.

Again, we're over now twenty trillion dollars of

investment

coming in. No country's ever been there.

And we're number one. We should have the lowest interest rates

in the world.

So we could have a GDP of fourteen, fifteen, sixteen, and twenty.

But every time you do well, we just announce great numbers,

and so now they're

talking about raising interest rates.

It's ridiculous because success and growth does not cause

inflation. Inflation's caused for other reasons,

and I'm not a fan of

inflation. But inflation's caused for other reasons.

When we do well-