Star of the History Channel reality series “Pawn Stars” Rick Harrison said government over-regulation is “making business more difficult” and forcing the economy to require artificial stimulation Friday on “Squawk Box.”
In response to host Carl Quintanilla’s question about speculation the Federal Reserve may wind down bond purchases, Harrison stated Fed tapering will be difficult because government regulations are stifling economic growth.
Harrison noted unless the United States can create a better business climate, the Federal Reserve’s quantitative easing will not end and the U.S. risks an inflationary crisis:
CARL QUINTANILLA: Rick, I think anybody who watches the show knows that you know a thing or two, and not just about your business, but the way that the global economy works. I mean when you are at a bar with your buddies and you are talking about the Fed, what kind of report card do you give them at this point?
RICK HARRISON: Well yeah, it is sort of difficult, I mean basically you have the government regulating and making business more difficult, and you have the Fed trying to compensate for it. I mean it can’t go on forever that way. I have a problem when we have 7 percent of GDP is based off of borrowed and printed money. Eventually, we have to make a good business environment in this country so that we can start tapering. Because if we keep on printing forever, things will get bad, it is a matter of math.