ej antoni. why doesn't treasury sell 100 year bonds, they have a huge amount of debt.nterest expense blown by the budget. why not sell hundred year bonds instead of monday treasury bills and pumping in liquidity for people to buy it why not just send -- you know gen-zers are paying down this debt for next 100 years, just issue a long bond. >> because to jason a point you know underestimate how much manipulation is going on in treasury markets right now, fed and treasury are conspiring to bend of yel yield curve. >> it since verted. -- it is inverted. >> that makes less sense. >> it makes it dumber, they sell to most expensive costliest part of yield curve, the curve since verted. japan -- they sold 100 years or 50. larry: mexico. >> mexico. >> china talking about issuing 50 year paper. larry: are they smarter than we are. >> pretty good. >> you should be short. >> 100 years, look at it do your homework, jason and ej antoni, thank you. >> coming up bidens are telling israel to leave gaza, most remarkable secretary of state blinken yesterday on sunday talk show we have s

ej antoni joins me now. why do people see the economy as a bad?ause it is. [laughter] the rhetoric out of the biden administration just doesn't match what the average american is feeling today. you know, if you look at a, stu, for example, just take the typical american household. you have seen prices rise much faster than wages during biden's tenure,now you have higher interest rates on top of that, increasing borrowing costs on everything from mortgage, student loans, auto loans, credit cards especially so you combine all of these effects, and it's as if that typical american family took an $8100 annual pay cut as compared to when biden took office so of course they feel terribly about his economy. stuart: so it is true to say that the average person in this country is no better off now than they were three and a half years ago, in fact, they're worse off. can you say that? >> stu, unequivocally. and that's not really a matter of opinion at that point, at this point. that's really just what the numbers tell us. that's what the data show. people

ej antoni on that interesting jobs report and how many people are not in the work force and it's millionsary on the new york times paying attention to vaccination from covid, side effects, injuries, illnesses. we dig in top of the hour. an el, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. having low income can mean making tough choices. choosing between paying for food, or medication, or a place to live is a reality for many people. do you know someone who could use some extra help? find out about the supplemental security income program - ssi. you could receive monthly ssi payments if your income and financial resources are low and you are 65 or older... or an adult or child with a disability or who is blind. ssi is money you can use to help pay for basic needs. like putting food on the table. keeping the lights on. payin

here with what this means for us in the and our wallets, heritage foundation fellow economist ej antonil, it's kind of a miracle, the drop in the inflation rate is astounding just from decide. from december. this is the also a story about money printing, so i want to get to -- let's start with the lessons. what are the lessons for the if u.s., and then we can talk about money printing, which we're doing at hot of. >> certainly, rachel. money printing would be one of the lessons for the united states. hook, the problem here is and, frankly everywhere,s it is government spending. when the government spends too much money and runs these massive deficits with no way to pay for them, the central bank always steps in to print the money to finance it all. and that's where we get inflation if. it's true here, it's true in argentina, it's been are true in every country throughout the world that has suffered these a massive bouts of inflation. rachel: yeah, but it's just so weird. it's easy to look at what argentina if went through, and why would we want to go down that route? and we're doing it

let's bring in heritage foundation public finance economist ej antoni.s aggressively defending his hikes, he says they're sufficiently rethe strictive. he has more or less promised wall street no matter what he won't hike rates income, but your thoughts on the notion that we're on some sort of glide path to nirvana. >> well, or charles, if these rates are sufficiently restrictive, i would love to know why bank reserves have been trending up ever since the beginning of 2023. powell has overseen an expansion, not a contraction, of the money supply for the over a year now. the idea that somehow he is constricting things, i think it's just a fallacy, quite frankly. he is purposely reducing the run ah in the balance -- runoff in the balance sheet in order to give janet yellen some more breathing room. because, let's be honest, at this point the fed is essentially a captive of the treasury. charles: yeah. i think we all are, right in hey, you know, the street always kind of finding a way more recently to rationalize or simply ignore data that doesn't fit the p

carol roth and heritage foundation and ej j antoni will own nothing. >> going to make clarity.: donald trump is speaking and here's the former president. >> the motion to dismiss should go through because it's a disaster and it's a disaster to new york state and new york city and where contactually is the crime? from shakes spear in love and i don't know. it's a mystery. there's no crime. and it's unconstitutional for the court to do this and how is it constitutional for new york to have a federal election law and drawn by federal law and not going for this. this is a witch hunt. this is a witch hunt and this is to advantage crooked joe biden, the worst president in history by far, to damage his political opponent. that's all this is. this is highly political witch hunt and just did something he's never seen. the rest is not happy i don't imagine. nobody has ever seen this and it's consist and bragg has to enforce an election law and he says it's over 200 years and never once has a president of the united states been indicted over this and it's a show trial. david: the presiden