Breitbart News economics editor John Carney said Tuesday on Fox Business Network’s “Kudlow” that the Trump administration’s plan to reduce the size of the federal government will be “profoundly anti-inflationary.”
Host Larry Kudlow said, “I mean, over 50,000 federal jobs, John, and I want to add to that the impoundment issue. I know that official Washington swampland doesn’t like impoundment. The fact is, American presidents had it for over 200 years until a far-left Congress took it away from Richard Nixon, you know, during his worst moments in 1974. But budget-cutting, employment rifts, and impoundment- now that is going to be tough stuff.
Carney said, “It is a profoundly anti-inflationary.”
Kudlow said, “There you go.”
Carney continued, “Because remember that federal workers, the swamp, do not add goods and services to the economy at all, but they…
