David, good to see you. Thank you so much for being here. Your takeaway from the Fed moves yesterday.>> Hi, Maria. Good morning. I think the rate cuts were too small and too late.Uh they should have started in June and you can wonder why did they wait until now. If they're going to make the cuts now, the cost to the economy has been huge uh because they didn't start earlier. You know, all the interest on the national debt is paid at this rate that the that the Fed is setting.Uh so but but that's that's done ...

Economic Growth and Inflation - The capital goods orders for September came in at a positive 0.9%, significantly higher than the expected positive 0.2% [1] - There is a combination of strong growth and lower inflation, as indicated by the September wholesale inflation number being less than expected [2] - The current economic environment is described as a "supply side revolution" driven by tax cuts and sound monetary policy [9][23] Tax Policy and Business Investment - The rapid implementation of tax cuts is leading to increased business investment, contrasting with the slower effects seen during Reagan's administration [6][7] - There is a proposal for a payroll tax cut to incentivize production rather than direct checks to individuals, emphasizing the importance of work incentives [11][15] - A potential reconciliation bill could include cuts to capital gains tax and payroll taxes, which may enhance economic growth and government revenue [20][21] Global Economic Trends - There is a growing trend in Latin America towards free market policies, with countries like Chile and Colombia moving away from socialism [16][18] - The desire for better living standards and job opportunities is driving this shift, which could have significant implications for regional economic stability [18] Supply Side Economics - The discussion emphasizes that increasing the supply of goods and services is essential for affordability and controlling inflation [23][24] - A stable dollar is crucial for investment, as it ensures that the value of earnings remains consistent over time [25]