Steve Forbes, a long-time advocate for the American capitalist system, free markets, and sound money, recently sat down with Fox News Digital to discuss the state of the American economy and the policies of the Trump administration.
Warning on Communism
Forbes agrees with Trump’s Mount Rushmore speech, which depicted the internal threat of communism. He cites another U.S. president, Abraham Lincoln, who said that the destruction of the United States would come from internal forces, not foreign ones.
Forbes emphasizes that free enterprise is not only prosperous but also moral, based on liberty and human creativity. He argues that the left has learned to occupy the high moral ground, even when their policies harm people, by claiming good intentions.
Economic Policy
Forbes suggests that the Trump administration should focus on a new round of tax cuts, reducing tax rates for individuals and businesses. He also recommends continuing deregulation, which would lead to prosperity and innovation.
Forbes criticizes the Federal Reserve’s role in managing economic activity through interest rates, arguing that it’s a form of rent control. He believes that the central bank’s primary responsibility is to preserve the integrity of the dollar.
Original reporting: Fox News (HLL/CB) — read the source article.
