Brian Wesbury: The Hale Report Ep 61

Brian Wesbury, Chief Economist, First Trust

❝ The model that works best is freedom.

Welcome to the 61^st episode of the Hale Report. My name is Lyric Hughes Hale, your host and editor-in-chief of EconVue. My guest is Brian Wesbury, chief economist at First Trust Advisors LP. He has also advised the Federal Reserve and the US Congress, among his other policy roles.

Mr Wesbury is a well-known economist and media commentator, and I think it is fair to say, a contrarian pundit on global economic issues. He began his study of economics at the University of Montana, and earned his MBA at the Kellogg School at Northwestern University. Wesbury is a business-focused supply-sider, as he explains during this podcast. He lives up to Henry Hazlitt’s definition of a good economist, looking beyond the data and to the real economy, in order to understand the structural issues that affect global growth and innovation.

Topics Discussed

• All-time highs in the stock market

• What the Fed going to do the rest of this year, and why

• Inflation

• Housing

• Energy: Oil & Nuclear

• Bitcoin

• Trump vs Harris on economics

• Unrealized capital gains

• Price Controls

• Elon Musk & entreneurship

• Thoughts on China

• Twitter/X vs Substack

Key Moments

❝ If banks aren't trading federal funds anymore, why? Where does the federal funds rate come from? My answer is, well, the Fed just makes it up.

❝ The wealth of our world is created from ideas, from entrepreneurship, invention. Entrepreneurs put the world together in a different way.

❝ 60% of all the money in circulation has been created in the last 16 years.

Referenced in this Podcast

1. The Dangers of Price Controls, Henry Hazlitt and Brian Wesbury, Imprimus, Sep 2024.

2. Read Write Own: Building the Next Era of the Internet, Chris Dixon, Jan 2024.

3. Don Quixote by Miguel de Cervantes Saavedra, circa 1605.

4. To find commentary by Brian Wesbury, subscribe to his First Trust Economics Blog, and follow him on Twitter/X @wesbury.

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Lyric Hughes Hale

Lyric Hughes Hale

JANUARY 1, 2012

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^📍Chicago