LARRY: JOINING ME NOW, MORE ON THE DEBATE. STEVE FORBES, FORBES MEDIA CHAIRMAN AND EDITOR IN CHIEF. AND ECONOMICS EDITOR AND COAUTHOR OF THE DIGEST AND TALK MORE ABOUT THE DEBATE. STEVE FORBES, DEBATES. YOU'RE UP THERE ONCE IN PRIME TIME. YOU WERE A PRESIDENTIAL CANDIDATE DEBATING, WHICH IS A VERY BIG DEAL. CRITIQUE IT FOR US. >> MISSED TUNS TO KNOCK HER ON THE CANVAS. STARTING AT THE BEGINNING WHERE THE ONE GOOD QUESTION THOSE TWO MODERATORS ASKED ABOUT THE LAST THREE AND A HALF YEARS. THE PRESIDENT SHOULD HAVE RUN WITH THAT AND CITED RIGHT AT THE BEGINNING WHERE ARE YOUR INCOMES TODAY? ENERGY PRICES TODAY? GROCERY PRICES TODAY AND HAPPENING ON REGULATIONS? THEY WANT TO TAKE AWAY YOUR CARS BY REGULATION AND JUST HAMMERED THOSE THREE OR FOUR POINTS THROUGHOUT THE DEBATE THAT SHE CAN'T RUN AWAY FROM WHAT THEY'VE DONE IN THE LAST THREE AND A HALF YEARS AND HAS NOTHING SPECIFIC ABOUT HOW SHE'S ACTUALLY GOING TO DO THESE ENOUGHY THINGS SHE TALKS ABOUT AND FOCUSED ON THAT. WE ARE TALKING ABOUT IF YOU LOOK AT CLIPS OF THAT DEBATE, OH, HE WAS PRETTY GOOD. GOT LOST IN THIS OTHER VERBIAGE AND LOOKING FOR HIM TO LAY THIS TO REST. LARRY: A COUPLE OF FACTOIDS, NOT 20 BUT A COUPLE, YOU SAY INCOME IS SO IMPORTANT. THEY WOULD HAVE GONE A LONG WAY. TO HAMMER THE POINT HOME. >> MENTIONING IT. >> HE WAS WITH THE THREE PLUS TODAY AND JUST HIT SOME OF THOSE THINGS AND SHE -- WHAT COULD SHE SAY? LARRY: SHE SAID JOHN CARNEY ONE THING HE DID WAS WE'RE TRYING TO GET THE CLIP UP BECAUSE SOME PEOPLE CAN SEE. DO WE HAVE THE SOUND ON THE -- HEY, HANG ON. YOU'RE GOING TO LOVE THIS, JOHN CARNEY. THERE'S A BIT OF THE DEBATE ON TRADE. >> HAD TARIFFS AND NO INFLATION AND LOOK, WE'VE HAD A TERRIBLE ECONOMY BECAUSE INFLATION HAS, WHICH IS A COUNTRY BUSTER AND BREAKS UP COUNTRIES. WE HAVE INFLATION LIKE VERY FEW PEOPLE HAVE EVER SEEN BEFORE AND PROBABLY THE WORST IN OUR NATION'S HISTORY. LARRY: HE ALSO SAID TO HER THAT, YOU KNOW, YOU GUYS KEPT MY TARIFFS IN PLACE. AND YOU'VE WRITTEN EXTENSIVELY AGAINST WALL STREET'S CONSENSUS AND I'M SIDING WITH YOU AND THESE TARIFFS ARE NOT NECESSARILY INFLATIONARY. >> THAT'S RIGHT. WE HAVE THE PROOF AND WE'VE RAISED THE TARIFFS AND PRICES DIDN'T GO UP. WHAT MADE PRICES GO UP? THE BIDEN HARRIS POLICIES THAT SENT PRICES THROUGH THE ROOF AND TRUMP SAID, I HAVE THE TARIFFS AND HAD INFLATION AND YOUR ACCUSATION THAT IT, THAT MY TARIFFS ARE SALES TAX AND THE REAL ONE IS INFLATION. THAT IS WHAT HIT THE MIDDLE CLASS AND WHY PEOPLE ARE SO UPSET. HE SHOULD HAVE SAID GROCERIES ARE UP 20%. RENT IS UP. THERE'S SO MANY THINGS YOU CAN SAY TO SAY PEOPLE ARE BEING SQUEEZED BY YOUR INFLATION TAX. NOT BY MY TARIFFS. LARRY: REAL MEDIAN INCOMES AND IT'S HOT OFF THE PRESS AND IT'S BEEN CIRCUMSTANCE LATING IN A COUPLE OF CONSERVATIVE PUBLICATIONS AT LEAST. TRUMP BEATS BIDEN BY ALMOST 5-1 AND SOMETHING LIKE $6,000 PLUS PER FAMILY ADJUSTED FOR INNATION AND BIDEN IS LIKE CHECK THAT OUT. IT'S IN THE FULL SCREEN AND BIDEN LIKE $12 OR $1300. IT'S LIKE 5-1. SOMETHING LIKE THAT WOULD HAVE GONE A LONG WAY. STEVE FORBES, TODAY THE INFLATION NUMBERS CAME OUT. CPI, 2.5%, 12 MONTHS AND SO CALLED CORE NUMBER AND 3.2% AND THE WHOLE WORLD EXPECTS THE FED TO DROP THEIR POLICY RATE AND ANY THOUGHTS ON ANY OR ALL THAT STUFF? >> FIRST OF ALL, AS WE DISCUSSED AND BROUGHT IT UP MONTHS AGO, DOESN'T INCLUDE INTEREST RATES AND STILL HAVE THOSE VERY SOUR MOVE AND MORNINGS AND EVERYTHING ELSE -- MORTGAGES AND EVERYTHING ELSE AND IF TRUMP GETS ELECTED AND THE WHOLE THING AND TRADEOFF IN INFLATION AND UNEMPLOYMENT AND LOOK AT STABILIZING THE VALUE OF THE DOLLAR AND COMPANIENING IT BY PRINTING TOO MUCH -- CHEAPENING IT BY PRINTING TOO MANY AND HAVE AGO STABLE DOLLAR AND LOWER TAXES, AND THE FED RESERVE'S IDEA THAT YOU HAVE TO CRUSH THE ECONOMY TO BRING INFLATION DOWN, YEAH, PRICES COME DOWN AND PEOPLE CAN'T AFFORD TO BUY ANYTHING. BUT THAT DOES NOT WORK. HE SHOULD HIT THE FED ON THAT. YOU DON'T HAVE TO PUNISH PEOPLE. GOVERNMENT CLOSES INPOLICE STATION, NOT PROSPERITY. LARRY: YOU NEED NEW SMART PEOPLE ON THE BOARD. >> MAKE THAT POINT. YOU DON'T HAVE TO SUFFER FOR THE MISTAKES OF THE GOVERNMENT. STABILIZE THE TRUTH AND DOLLAR WITH RESPECT AND THE ECONOMY WILL PROSPER. LARRY: JOHN CARNEY, WATCHING THIS DEBATE AND YOU WROTE A LONG PIECE ABOUT VARIOUS NUMBERS AND ASSOCIATED DEBATE AND DIDN'T GET THAT KIND OF SPECIFICITY AND AND THE WAS ONLY ONE QUESTION. WHAT WOULD YOU HAVE PREFERRED? IF THERE'S ANOTHER DEBATE, LET'S SAY THAT FOX HOLDS A DEBATE, WHAT WOULD YOU SAY? >> THEY'VE CAUSED A MANUFACTURING BOOP. THIS IS ABSOLUTELY UNTRUE. MANUFACTURING HAS BEEN IN CONTRACTION FOR TWO YEARS AND I DID THE MATH WHERE I SHOWED HOW MANY MORE MANUFACTURING JOBS DO WE HAVE TODAY THAN WHEN TRUMP -- THAN TRUMP'S PEAK BEFORE THE PANDEMIC. IT'S UP 1.7% ONLY. I DID THE MATH AND SAID HOW MUCH DO WE HAVE FROM OBAMA'S PEAK THROUGH TRUMP'S PEAK? UP 3.4%. SO IN OTHER WORDS TRUMP HAD TWICE AS MUCH MANUFACTURING EMPLOYMENT GROWTH THAN BIDEN AND HARRIS DID, THAT WOULD BE A GREAT THING TO FOCUS ON AND CAN'T GET THE KIND OF GROWTH AND THEY DON'T LIKE MANUFACTURING AND ONLY WANT GREEN NEW DEAL MANUFACTURING AND DON'T LIKE PEOPLE TO BUY THE KIND OF CARS THEY WANT TO DRIVE IN AMERICA. LARRY: I KNOW YOU'RE RIGHT. GROSS IS NOT PART OF HER VOCABULARY. DEMOCRATS DON'T DO GROWTH. I WANT TO PUT THAT IN.