Economist David Gilmore Destroys Steve Forbes on Kudlow: "Absurd, living in the land of the lazy'

By John Amato
CrooksandLiars

Steve Forbes is one of those squishy-conservative stock pickers on CNBC and Fox Business News, and he just wrote an op-ed for the WSJ talking about the dollar. So Lawrence Kudlow had him on to debate with David Gilmore, and boy did he get his ass kicked. Gilmore uses reality-based events to discuss where the dollar is, unlike Forbes, who shovels in the dog doo most of the time -- but hey, he's got his own Fox show.

via C&L emailer:

Forbes pontificates for about 1:30 seconds. At 3:00 minutes in, Steve is called "Absurd" and "living in the land of the lazy" and is called out for being a political hack. "Steve, do you use a calculator or an abacus" in response to his gold standard fantasy. Awesome, and rarely seen on this type of show.

Here' a rough transcript:

Gilmore: It's not a threat to the underlying capitalist system that has just been asserted, not in the least. (Forbes tries to cut in)...let me finish, to assert all that is due to the weak dollar is preposterous. It's absolutely preposterous.

(More here, with video.)