Steve Forbes, chairman and editor-in-chief of Forbes, firmly backs Donald Trump’s warning about communism, stating, ‘He’s right.’ Speaking at Freedom Fest, Forbes echoed Trump’s sentiment that internal threats, not foreign forces, pose the greatest danger to the U.S., citing Abraham Lincoln. Forbes argued that perceived failures of capitalism are often misattributed, with government policies being the true culprits. He emphasized that free enterprise, rooted in liberty and creativity, is inherently moral and drives prosperity, citing technological advancements like the modern smartphone as proof. Forbes also criticized the Federal Reserve’s approach to inflation and interest rates, comparing it to ‘rent control’ for money. His advice for the Trump administration includes further tax cuts and deregulation, believing these policies will foster growth and innovation.
Adapted from: Latest Political News on Fox News
