I’m going to milk this underdog role for as long as I can.
In one corner is a lowly Bentley professor who was last on TV 50 years ago, as an audience member on a kids show in Wisconsin.
In the other corner is a guy who’s frequently on TV, and (I’m told) even has a TV studio in his house.
The experience was rather disorienting, as there are very bright lights and I wasn’t sure exactly where to look. And then there are these voices in your ear-piece, but you can’t see the other people. And nerves.
In other words if I wasn’t reduced to a blubbering drooling idiot, then I say I win.
By that criterion I think I eked out a slight victory (on content.)
Style? Well there’s always next time.
I wish I’d had more time to address Schiff’s argument that inflation was much higher than the CPI showed. That would mean RGDP growth would be far below 2%, probably below zero. But that conflicts with about a zillion other data points:
1. More than 2 million new jobs a year in recent years, and (contra Schiff) the average work week is stable.
2. Rising industrial production and rising output in all sorts of other sectors like housing and oil and autos and retail and services.
Is all the output and employment data also being faked, just like the CPI? To me that seems about as likely as the theory that no plane actually hit the twin towers and it was all a CIA plot.
PS. Thanks for inviting me on Larry. I promise to be better prepared next time.