High Rates Will Bludgeon the Private Economy Into Recession - The Kim Monson Show

High Rates Will Bludgeon the Private Economy Into Recession

High Rates Will Bludgeon the Private Economy Into Recession
Jay Davidson talks high rates & recession risks. Trent Loos debates CO SB24-126 & conservation credits on our show.

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The Kim Monson Show
The Kim Monson Show
High Rates Will Bludgeon the Private Economy Into Recession
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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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Kim Monson's Quote of the Day:
February 21, 2024

The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.

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Ludwig von Mises (1881-1973) was a towering figure in the field of economics and a key proponent of the Austrian School of economic thought. Born in Lemberg, in the Austro-Hungarian Empire (now Lviv, Ukraine), Mises made significant contributions to the understanding of the price system, economic calculation, and the critique of socialism. His work emphasized the importance of individual choice, free-market capitalism, and the dangers of government intervention in the economy. Mises argued that only a market economy could efficiently allocate resources through the price mechanism, and he famously critiqued socialism for its inability to perform economic calculation without a price system, leading to inefficiency and resource misallocation. His seminal works, including “Human Action” and “Socialism,” have had a profound influence on libertarian thought and the development of free-market economics. Mises’ legacy endures through his profound impact on economic theory and policy.

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