Byron Donalds: “Personal consumption in the economy year over year is up…”

“You know why that is? It's because of the federal government contracting. That's a good thing. Private investment in the economy year over year is up over 20%. Personal consumption in the economy year over year is up over 2%. So individuals are consuming. There's private domestic investment. In our economy, the federal government is shrinking. But when it comes to goods, prices are coming down.” (10:50–10:55)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.