254. Mortgage, Regulation, & ESG, Oh My! | This Week's Economy Ep. 62

Fed failures, school choice, ESG nonsense, tariffs, and state-level jobs report in 10 minutes!

Hi Friends!

In today’s episode, I explain how Americans are concerned about inflation, the Fed’s concern with inflation, school choice, ESG nonsense, tariff costs, and state-level jobs report. Thank you for subscribing and sharing this newsletter with others!

Watch the episode below or listen to it on your favorite podcast platform:

I cover the following:

• Americans continue to be concerned about inflation. Rightfully so, given how the Fed’s balance sheet remains bloated, its monetary base has been rising for over a year.

• Agreed! I would revise this post on X.com slightly to say that *every parent* has the right to choose the best educational pathway for their child. This is important given the currently ongoing runoffs in Texas on May 28.

• What’s up with Environmental, Social, and Governance (ESG) divestment issues in Oklahoma, Texas, and Florida? Is it appropriate?

• Biden just imposed substantially higher taxes on people with all incomes by placing higher tariffs on China without lowering tariffs or taxes elsewhere. What will this mean to you? (more under paywall)

• Section 230 isn’t the problem, big government is the problem. I signed this letter by the Competitive Enterprise Institute that urged members of Congress to resist the temptation to repeal or replace Section 230.

• State-level jobs report shows that red states lead the way even as job growth continues to slow, with Texas and Florida leading the country.

Media Hits & More

• Great to join Neil Cavuto on his show on Fox Business recently to discuss higher inflation, Fed failures, and banking regulation problems.

• I testified before the legislative priorities committee at the Republican Party of Texas meetings in San Antonio before their convention this week. I made the case for spending restraint to cut school district M&O property taxes until they are zero.

• Read my commentary at Daily Caller on the over-regulation of the banking sector by the Biden administration, which has included toxic work cultures and other problems that should be rejected. This also includes how the CFPB has too much power and should be ended after SCOTUS rules funding by the Fed is constitutional (see my interview on the Lars Larson Show).

• Watch my interview on NTD News about how the home equity line of credit can be useful for certain expenditures. However, be careful, especially with much higher interest rates than just a few years ago.

• Watch this week’s Let People Prosper episode with Topher Field, 2x Australian Libertarian of the Year, Award Winning Director of Battleground Melbourne, and Author of Good People Break Bad Laws. We discuss the COVID lockdowns in Australia and his fight to liberate people.

• The upcoming episode on Monday is with Ryan Bourne, the R. Evan Scharf Chair for the Public Understanding of Economics at Cato Institute. We discuss a recently published book he edited called The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy.

• Quote of the Week:

• Bible Verse of the Week:

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