(Becket Adams) Rick Harrison, co-owner of the Gold & Silver Pawn Shop and a co-star of the History Channel reality series “Pawn Stars,” told CNBC on Friday that over-regulation is creating a bad business environment and that a policy change is needed before anything can get better.
Harrison also said the current economy is being fueled by cheap money. “Basically, you have the government regulating and making business more difficult, and you have the Fed trying to compensate for it. It can’t go on forever that way,” he added.
“If we keep on printing forever, things will get bad. It’s just a matter of math,” he told “Squawk on the Street.”
“Eventually we have to make a good business environment in this country,” or strategies such as the Fed’s proposed plan to reduce asset purchases can’t be implemented, Harrison said.
“I think that we should slowly taper, but the Fed is not going to be able to taper unless we have … less regulation and make it easier for business to actually do business,” he said. “If you make it difficult to do business, there’s not going to be any business.”