It is becoming increasingly common to hear the American Dream is dead, with young people today often citing housing prices, the difficulty of finding jobs, and tax burdens. Forbes Media chairman Steve Forbes has a very different take. “A free people always finds ways to move ahead, even though times and circumstances change. The problems we face today are not anything inherent in America, but in mistakes made by government. And the nice thing about that is mistakes can be undone,” Forbes said. He’s the editor-in-chief of Forbes Media and the co-author of “Inflation: What It Is, Why It’s Bad, and How to Fix It.” In this wide-ranging episode, filmed at the FreedomFest conference in Las Vegas, we dove into the rise of democratic socialist candidates, DEI hiring, inflation, how the United States should approach Taiwan and Iran, and the basic truth about prosperity that no one is teaching today. At the heart of this conversation is an extremely hopeful message: “Human ingenuity is unlimited. Have faith in the future.”
AI Generated·May contain errors
The role of the Fed should be very simple, stable value for the dollar.
We have 60 minutes in an hour, we don't change that each day.
Imagine if the Fed was in charge of the time bureau.
They had 48 minutes in an hour one day, 96 the next.
Imagine baking a cake.
The instructions say, bake the batter for 30 minutes.
Ask yourself, are those nominal minutes?
Inflation-adjusted minutes? Nevada minutes? Mexican minutes?
So you want a stable measure of value.
Steve Forbes is chairman and editor-in-chief of Forbes Media,
and co-author of Inflation.
What it is, why it's bad, and how to fix it.
In this interview, I get his take on a wide range of topics,
including the rise of DSA candidates,
DEI hires,
and whether the American dream is still possible today.
Name one country that has succeeded in socialism.
Never has happened.
And being able to have the freedom to create,
as Lincoln put it, improve your lot in life,
is the way to go.
Otherwise, you're going to stagnate.
And you should have the freedom not to stagnate.
This is American Thought Leaders, and I'm Jan Jekielek.
