‘Middle-Class Squeeze’: U.S. Government Spending and Real Wages Are Under Pressure - E.J. Antoni
Jeremy Szafron, Anchor at Kitco News, interviews E.J. Antoni, a public finance economist from the Heritage Foundation and senior fellow at Unleash Prosperity. In this discussion, Antoni dives into the U.S. economy’s current state, exploring whether recent GDP growth is sustainable or merely borrowing from the future. Antoni provides his analysis on the real impact of inflation, the federal debt crisis, and the accuracy of government-reported job data. The conversation covers the underlying vulnerabilities in the economy, from consumer debt at record levels to the challenges facing the labor market.
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00:00 - Introduction
01:16 - Is GDP Growth Sustainable or Borrowing from the Future?
03:41 - Consumer Spending: Resilience or Credit Dependency?
06:32 - Inflation Driven by Government Spending
09:54 - The Growing Threat of National Debt
12:47 - Can We Trust Government Job Data?
15:33 - Small Businesses and Regulatory Burdens
18:23 - Middle-Class Erosion and Real Wages
21:48 - Recession Indicators: Are We Already There?
24:35 - Long-Term Stagnation: Lessons from Japan
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