As Americans try to deal with the impact of rising inflation, President Biden had a tweet this weekend with his plan to lower gas prices. Biden's solution is issue a command that gas stations simply lower the price. Brilliant. Chris Hagenow, Chris Ingstad and Sarah Curry get together to discuss this stunning ignorance of free market economics and the audacity to believe that the President holds the power to dictate terms to private citizens.
In contrast, things in Iowa work much better. ITR Foundation has released an article on the most recent state revenue information, where state revenue collections continue to see strong growth. Naysayers said the tax cuts would put the state in a bad fiscal position, but the revenue reports continue to prove that narrative wrong.
Read the ITR Foundation report here.