Schiff w/ Diesen: Trump Isn’t Fixing Inflation

Glenn Diesen recently interviewed Peter to discuss the latest political happenings and President Trump’s public criticism of Peter on Truth Social. Peter lays out why Trumponomics, as practiced today, looks a lot like the very policies that caused trouble under the prior administration: big deficits, easy money, and a reliance on the Fed to inflate asset prices. 

He begins by describing the reaction he gets when he calls out political rhetoric and says the president is wrong about what’s happening to prices. He points to Fox News viewers and the sensitivity around upsetting an allied audience:

Well, obviously I think I struck a nerve. Maybe he [Trump] realizes that what I said was true. And I guess he doesn’t like the Fox News audience to be told the truth because a lot of his supporters watch Fox News. But you know, it’s pretty obvious that the president is wrong about what’s happening to prices. It’s true that oil prices are down a bit. But that’s just one price.

Peter then puts Trump’s record in perspective, reminding listeners that the recent term follows four prior years in which fiscal policy and pandemic responses did real damage. He frames it as a pattern rather than a one-off failure: