Steve Forbes Endorses Trump's Mount Rushmore Communism Warning: "He's Right"

A Voice for Capitalism Speaks Out

Steve Forbes backs Trump s Mt Rushmore – For decades, Steve Forbes has championed American capitalism, free markets, and stable currency. Currently serving as both chairman and editor-in-chief of Forbes magazine, he also ran for president in 1996 and again in 2000. These credentials have established him as one of America’s foremost economic commentators. During a recent conversation with Fox News Digital at Freedom Fest in Las Vegas, Forbes addressed several pressing topics including the current economic climate, New York City’s shift toward socialism, and the Trump administration’s policy direction.

New York's Socialist Turn

Forbes noted that New York City has historically elected progressive candidates, pointing out that the city once sent “the allegedly only communist member of Congress back in the late 1940s” to Washington. This legacy continues today. The 78-year-old heir to a publishing dynasty observed that growing dissatisfaction among citizens has energized the political left.

> “We’ve got to get the message out,” he explained. “And one thing that the left has learned is that you try to occupy the high moral ground. Even if you wreck people’s lives, kill millions of people under socialism, communism, your intentions were good.”

Forbes argued that conservatives must do more than simply claim free enterprise creates prosperity. They must also demonstrate that capitalism carries moral weight.

> “So it’s not enough to say, ‘Well, free enterprise gives you more prosperity.’ You also have to put on the plane that free enterprise is moral. It’s based on liberty, based on allowing human beings to be creative, or as Lincoln put it, improve your lot in life.”

Internal Threats to America

Following President Trump’s Mount Rushmore address highlighting communism as an internal danger, Forbes expressed strong agreement. He referenced Abraham Lincoln’s wisdom from the nineteenth century regarding threats to American stability.

> “Whatever you call it, communism, socialism, extreme leftism, anti-Semitism, it’s all the same disease,” Forbes declared. “Abraham Lincoln put it very well in the 1800s. He said, ‘It won’t be foreign forces that destroy the United States. It’ll be things we do internally.'”

Misplaced Blame on Capitalism

Forbes identified a recurring pattern in public discourse: when government policies fail, citizens often blame free markets rather than the policymakers responsible.

> “What happens is when governments start making mistakes and doing things that people don’t like and that hurt people’s prospects for getting ahead, upsetting society, they blame it on capitalism. They blame it on free markets,” he explained. “So they help wreck free markets and then say, ‘The victim is the cause of it.'”

Innovation Through Freedom

According to Forbes, prosperity and innovation flourish only when people enjoy freedom. While acknowledging capitalism isn’t flawless, he emphasized its role in producing life-improving inventions.

> “Take your handheld,” he said. “If you’d said 30 years ago [that your] grandma could operate a supercomputer, you’d have gotten a rather strange look. Now we take it for granted. The first one was just 40 years ago, cost $3,995, weighed like a brick, the size of a shoebox. And today we have handhelds that are really supercomputers that can do anything anywhere. And in real terms, they get cheaper and cheaper. So that’s the miracle of human creativity. And then the amazing thing is we take it for granted.”

Sound Money and Interest Rates

Forbes has consistently advocated for stable currency and criticized Federal Reserve policies. He challenged the notion that economic growth triggers inflation.

> “Start with the Federal Reserve, the idea that prosperity causes inflation. Experience shows time and time again, it’s absolute nonsense. So if the economy starts to do well, you hear mutterings from the central bank asking, ‘Is the economy overheating?’ as if the economy is a machine,” Forbes said. “So ask yourself, if your income is improving, do you start to feel overheating? Do you start to sweat at night? You know, ‘Take it away because I’m overheating?’ No, it’s preposterous,” he added.

He argued that the central bank’s primary duty should be maintaining dollar integrity rather than manipulating interest rates to control economic activity.

> “And yet most free marketeers, for example, realize rent control distorts markets and ends up costing more and giving people less,” Forbes noted. “Well, what is controlling interest rates? It’s a form of rent control. They used to call interest rent. You’d rent the money.”

Recommendations for Trump

Forbes offered straightforward advice for the current administration regarding domestic policy.

> “On the domestic front, go for a new round of tax cuts. Reduce tax rates for individuals and for businesses,” Forbes said. “Taxes are a price. So, propose it. Congress may not pass it, but you’ve got an issue you can take to the voters. Selling such a plan to the public is essential for long-term economic health.”