221. Real Average Weekly Earnings Fall AGAIN: Can Americans Keep Up With Costs in 2024?

Are Free Market Fundamentalists to BLAME for the Economy? This and more covered in less than 12 minutes in today's This Week’s Economy episode!

Hello Friends!

Thank you for joining me here again today. I’ve got a lot of valuable info today, so get ready!

In today’s This Week’s Economy episode, I reveal the truth about the new reports on wages and employment, so-called “market fundamentalism,” how Texas, Louisiana, Colorado, and all states can improve with sustainable budgets, and much more in less than 12 minutes or just 6 minutes at two times the speed (this is how I listen to podcasts).

Watch the episode on YouTube or below:

Today, I cover:

1) National:

• Average weekly earnings adjusted for CPI or PCE declined in 2022 and 2023 during the Biden administration.

• In an X poll, 85% of voters wanted to cut government spending, 10% said to cut taxes, 3% said to raise taxes, and 2% said to raise spending.

• Is Oren Cass right to criticize "market fundamentalism”?

2) States:

• Research at Texans for Fiscal Responsibility shows how the Legislature’s property tax relief last session was the second largest in state history despite what some have been claiming.

• Research on the Responsible Louisiana Budget at Pelican Institute provides a roadmap to fiscal sustainability in Louisiana. This is needed because employment has declined for 7 straight months in LA, and people keep leaving the state.

• Commentary at Complete Colorado calls on Governor Polis to do as he’s promised and reduce tax expenditures so there is more opportunity to cut income taxes, which should include less spending.

3) My Media Hits & Other:

• Quoted in Forbes discussing how Texas could have universal ESAs and save at least $13 billion per year, but too many want to grow the budget.

• Recently accepted to be a 2024 Club for Growth Foundation Fellow.

• On multiple radio shows this week and quoted at The Texan

• Don't miss last week's LPP episode with Dr. Bruce Caldwell on Friedrich Hayek, including his upbringing, economics, and much more.

• Set your alarms for Monday's LPP episode on Monday with Dr. Bryan Caplan on open borders, reasons to have more kids, an end to education, and more.

Quote of the Week:

Bible Verse of the Week:

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