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Steve Forbes Weighs In On Economy, 2016 Election [VIDEO]

Steve Forbes, chairman and editor in chief of Forbes Media, is an eternal optimist who sees any storm clouds hanging over the American economy and culture as ones of “policy error.” The good thing about policy errors: “they are reversible.”

While socialism may sound trendy to millennials, few know what socialism is, Forbes says in this exclusive 20-minute video interview for The Daily Caller New Foundation. This mis-education is caused by the increasingly politicized education system, but if socialism is accurately explained as greater government control over American lives, many groupies are likely to fall away — especially if the benefits of free markets are better understood.

Hoping to turn up the heat for three big ideas – sound money, flat taxes and patient-driven health care — Forbes is promoting his latest book, “Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity.”

On the candidacy of Donald Trump, Forbes credits him for incorporating a theme that “gets the heart pumping,” while other candidates miss this foundational tactic. Forbes also credits the business mogul and presidential candidate with filling a vacuum when both parties have betrayed promises and lost the trust of their bases.

Forbes, however, does not sound completely confident in a Trump presidency.

“We have to take the Missouri attitude – show me” when it comes to the details, the policies and the people Trump would surround himself with, Forbes says. Citing the Republican candidate’s high negatives, Forbes knows Democrats will define him harshly by repeating hostile charges. In other words, if Trump thinks this primary has been tough, “he hasn’t seen anything yet.”

As a master communicator with an extensive reach, Forbes succinctly explains the crippling impacts of excessive regulations on the financial industry and the danger of the Federal Reserve’s “Soviet-style manipulation of the value of money.”

What also concerns him nowadays is the growing suppression of speech in America and the rise of speech codes.

For more on Steve Forbes and his book, Reviving America, see his recent Heritage lecture, or his columns. Forbes has a large following on Twitter @SteveForbesCEO and on Facebook.

Mrs. Thomas does not necessarily support or endorse the products, services or positions promoted in any advertisement contained herein, and does not have control over or receive compensation from any advertiser.