Kudlow Says a Trump, Powell Meeting Would Benefit Both Men

The transcript discusses the potential for a meeting between the President of the United States and President Xi, as well as the Federal Reserve Chairman. The conversation highlights the benefits of diplomatic exchanges, particularly in terms of economic growth and inflation. It argues that current Federal Reserve models are outdated, as low unemployment and high job growth are not causing inflation. The discussion also touches on supply side economics, emphasizing the importance of business investment and lower tax rates in driving economic growth, referencing Say's Law.

What is Larry's personal opinion about the potential meeting between the President of the United States and President Xi?

• He has no opinion on it.

• He is against the idea.

• He thinks it would be useful.

• He believes it is unnecessary.

Why does Larry believe a meeting would be beneficial for the Federal Reserve?

• To announce new economic models.

• To discuss new tax policies.

• To increase government spending.

• To have a frank and candid exchange of views.

What economic condition is highlighted in the discussion as not causing inflation?

• More growth and more people working

• High unemployment

• Increased government spending

• Decreased business investment

What is the main focus of the supply-side revolution discussed in the transcript?

• Reducing business investments

• Creating more goods and services

• Increasing government control

• Decreasing the capital stock

Who is Jean Baptiste Say, as mentioned in the transcript?

• A French economic philosopher

• A political leader

• A modern economic advisor

• A Federal Reserve Chairman