Founder and CEO of First American State Bank Jay Davidson explains that high rates will bludgeon the private economy into recession. In a recent discussion about his latest work, The Source of Economic Misery, the author critiques the Federal Reserve’s strategy of rapidly increasing rates. He argues that this approach is aimed more at stifling private enterprise than enhancing the value of the dollar. This policy, he notes, paradoxically increases dollar liquidity while also hiking interest rates. To counteract this issue, he proposes a solution that involves compelling Congress and the Biden administration to curtail their spending. This, he suggests, would address the root of the economic distress being experienced. Listen to the full interview in the first hour.
Interview with Trent Loos
Sixth generation Trent Loos discusses Colorado SB24-126 which proposes a Conservation Easement Income Tax Credit. SB 24-126, a bipartisan bill, proposes an indefinite increase in the limit on conservation easement income tax credits available to donors within a single calendar year. However, Loos advises against supporting this bill, highlighting that its funding would come from TABOR refunds, which could have broader financial implications. Additionally, Loos touches on the issue of water rights abandonment, criticizing the current system that requires citizens to renew their water rights every ten years. He argues that this requirement is unfair, suggesting a need for reform in how water rights are managed and maintained.
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