U.K.'s Disaster Is a Warning For the U.S.


Right? I mean, and I think that we need to have this discussion about whether or not what happened in the UK could actually happen here at home. The one thing we've got going for us, of course, is that we are the world's reserve currency, which enables us to do things that other countries like the UK can't really do. I mean, she had good intentions and I'm a big believer in lowering taxes in order to stimulate the economy. The question is, can you afford it at that point in time? I tend to be of the belief that typically during challenging economic periods sometimes that lower tax environment is what helps to give a little back to the people. I would point out, then that when the previous administration, Donald Trump lowered taxes, we actually had the highest tax revenues on record in the history of this country. What do you know? Now most people who don't like lower taxes, of course, would dispute that. As for Liz trust, she did it at a time when the Bank of England really didn't have the proper support or the ability to properly support her either. It's one of the reasons why these central banks can't get out over their skis like ours has by printing so much money because then what do you do when the chips are down, right? If you don't leave any powder dry. So I think we need to think about the ramifications of this already. You're seeing some fear in the markets that certainly been reflected in our markets and you have only to look at the yields on treasuries, which keep going up. There was one of the fed governors out making the rounds on TV on a financial network recently. And he basically indicated that they haven't been able to curb this enough. It's what I've been telling you all along. No, they haven't been able to curb it enough. They haven't been able to get a hold of inflation. That's in part due to the fact that they printed so much money, increasing the money supply for so darn long. I mean, you're talking somewhere around $7 trillion got pumped into the economy since March of 2020. What do you think

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