and i don t see any reason to expect inflation to be temporary and come down. i remember all the inflation that came through with jimmy carter and all of these same issues were being done then as well as the depreciation of the dollar. the dollar hasn t fallen yet. if it starts falling you have a real problem. i don t see any stopping yet myself. harris: art laffer in focus. thank you. outnumbered after the break. give them a call. veteran homeowners, newday wants to help you use your va home loan benefit to get more. more cash, more savings, more peace of mind. the newday 100 va loan lets you borrow up to 100% of your home s value. up to $60,000 or more. veterans are saving an average of $615 every month. with more ways to help more veteran families, no bank, no lender, no one
police officers. you know what the problem was? we lost so many in 20 and 21 people were hiring from all over the country and they were lucky to get anybody to take a job where they throw stuff at your head and ambush you and kill you. those are the realities. you didn t touch on what may or adams is doing is ask for more cops and he has their back, he says, a cop of 22 years. it is interesting as a democrat you didn t start there. that s the most immediate thing he is talking about. great to see you both. i ll bring you back next time. president biden claiming rising crisis have been an issue for decades. inflation has hit record levels in the last couple of months. so what is his plan to fix it? is it going to work? art laffer, former economic advisor to president ronald reagan, in focus next. life you d think retirement would be the last thing on my mind. thankfully, voya provides comprehensive solutions and shows me how to get the most out
look what reagan and volker did. volker was harris: watch what they did, not what they said. good advice. i want to get to this. there is a lot of confusion over what s happening now. you forecast this the last time you and i were together and it has been a minute but you said this is going to happen if inflation stays high and we have anything happen on the world stage. something is happening on the world stage right now. ukraine and russia and the dow is fairly deep in negative territory again but yesterday was just wild. this chart tells the whole story. have you ever seen anything like that in your life? harris: i have but it was recessionary.
anxiety about fed policy changes and russia/ukraine. the inflation crisis and the ongoing covid pandemic. we didn t even talk about that. we didn t talk about all the people who quit their jobs by the millions in october and november and december. that s had an impact. quickly your thoughts on that. they haven t come back. they haven t all come back by any means. harris: look, it is scary all these things. harris: where we are right now the president said it would be transitory but now it s not. bottom line, how far into the future do we pay higher prices? milk is going up exponentially. it affects us all. let me preface my comments. i don t know how far into the future it will happen. my guess is that all the fundamental causes of inflation, very much in place,