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 to issue a command that gas stations simply lower the price. Brilliant.
In this ITR Live podcast, Chris Hagenow, Chris Ingstad, and Sarah Curry 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 a report on the most recent state revenue, 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.