Steve Forbes: Shutdown Unlikely, But Bigger Battles Loom in 2012

Steve Forbes, before an appearance in 2011 at Harding University in Searcy.

Forbes magazine editor-in-chief and former presidential candidate Steve Forbes spoke Thursday at Harding University in Searcy. Arkansas Business publisher Jeff Hankins sat down with Forbes before his speech and talked with him on video about the federal budget, the Tea Party, Wall Street bailouts and the flat tax.

In Part One, Forbes talks about the current budget crisis and its threat of a government shutdown. He also says the Tea Party now has two major parties on guard. 

In Part Two, Forbes talks about inflation, the government bailouts of large companies and what he sees as the dangers of a bigger federal government.

In Part Three, Forbes talks about the flat tax, investing in gold and oil, and his short-term outlook on the U.S. economy.