Ben Shapiro

Within approximately 5–10 years from the time of this conversation, the United States will be forced into one of two macroeconomic outcomes—either a period of very high inflation that significantly erodes the value of the dollar, or the adoption of large-scale austerity measures to cut government spending—with no materially different third path available.

“So when people ask me what's going to happen, I mean, the answer is we're going to either wildly inflate our currency or we're going to go into massive austerity measures. You know, 5 to 10 years from now, there's not going to be a third choice.” View on YouTube

If U.S. policy aggressively suppresses brand‑name drug prices via international reference pricing or "most favored nation" style rules that significantly reduce pharmaceutical profit margins, private‑sector pharmaceutical R&D investment in the United States will decline materially over subsequent years, impairing the domestic drug development pipeline.

“If you're talking about just artificially lowering prices by basically clocking pharma, I mean, the reality is, if you want to kill R&D, this is a great way to kill R&D” View on YouTube

If Zahran Mamdani’s socialist policies are implemented in New York, within about 1–2 years those policies will severely damage New York City’s economy and social order to the point that it will feel effectively "destroyed" compared to its prior state.

“It'll take a year or two years for those policies to actually hit and destroy all of New York, and it'll be like the end of of planet of the apes.” View on YouTube

Over the next several quarters, U.S. tariff revenues will decline from their initial spike as demand falls; this drop in demand will also bring inflation down, and in response the Federal Reserve will cut interest rates to stimulate the U.S. economy.

“what you will see is the tariff revenue coming into the country go down, demand dropping, inflation coming down. And that's when you will see the Federal Reserve step in and lower those interest rates in order to sort of artificially juice the economy.” View on YouTube

Within a few weeks of the new Trump tariffs being imposed (early–mid 2025), negative media and market reaction will lead President Trump to significantly roll back or carve out major exceptions to the tariffs, using publicized company investment announcements as justification for providing an off‑ramp on some of the tariff measures.

“I think the most likely result of these tariffs is that within the next few weeks, the headlines are not good. President Trump starts driving trucks through the center of the tariffs, and then he starts getting wins from various parties outside that allow him to find an off ramp on some of these tariffs.” View on YouTube

After the initial speculative spike subsides, Newsmax’s publicly traded equity will eventually settle at a market capitalization in the low- to mid-single-digit billions of dollars, roughly in the US$2–4 billion range.

“It'll end up being, you know, total market cap will probably be somewhere when it when it lands in like the 2 to 3 bill range somewhere 3 to 4 bill something like that.” View on YouTube