Interest rates have been rising since Donald Trump’s electoral victory last week — and that’s a good thing, economist Stephen Moore said Wednesday.

Moore, one of the architects of Trump’s tax plan, said on “The Laura Ingraham Show” that rising rates signal a newfound optimism in the future.

“But that’s a good sign that people are becoming very optimistic about where the economy is headed.”

“This is actually good news because what’s happening is, all of a sudden, everybody wants to invest,” he said. “Everybody wants to invest ahead of this Trump economy. As people want to invest more, there’s more of a demand for capital, and that drive up interest rates.”

Bond prices have tanked, pushing up the 10-year yield on Treasury bonds to 2.2 percent, the highest rate since January. That has fueled fears that inflation could take off. But Moore noted that even though long-term interest rates have been near zero for nearly a decade, cheap borrowing costs have failed to stimulate the economy beyond the anemic rates that have characterized President Obama’s tenure.

“Nobody’s wanted to borrow and invest,” he said. “Who wants to borrow and invest when Obama’s raising taxes, Obamacare, minimum wage increases, regulations? As we release the economy from those burdens, you’re going to see a huge increase in the demand for capital, more investment by businesses, more savings by people. So in a kind of paradox way, this rise in interest rates is the first sign of a real coming boom.”

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Moore pointed to another piece of evidence — the stock market has been rising in tandem with interest rates since just after Trump’s election.

“You don’t normally see that,” he said. “But that’s a good sign that people are becoming very optimistic about where the economy is headed.”

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Aside from tax cuts, Moore said Trump’s pledge to roll back regulatory burdens would help the economy break out of the doldrums. He estimated that unshackling the energy sector, alone, would create 6 million new jobs over the next decade. That would never be done with environmental restrictions favored by Democrats, he said.

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“They sold their soul to this radical climate-change agenda,” he said. “And it turns out — guess what? Americans want jobs. They care a lot more about jobs and their incomes and their kitchen-table issues than they care about climate change.”