#1095 David McIntosh On How To Save America
9/26/2022 · 120 min · transcript via mlx
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Key topics
— The U.S. debt-to-GDP ratio of 140% is unsustainable; growth and spending discipline are both required to address it.
— Removing regulatory barriers and lowering taxes (ideally to 20–25% total government share) unlock innovation and economic growth that can outpace debt.
— School choice (or "school freedom") empowers parents to direct education funding and creates accountability by making schools compete for students.
— Both political parties engage in wasteful deficit spending; meaningful reform requires elected leaders willing to disrupt the status quo.
— The Federal Reserve's independence is compromised by political pressure; formula-based monetary policy would reduce human discretion and bias.
— Economic freedom—the ability to pursue opportunity without excessive government control—is foundational to prosperity and social mobility.
Market & price signals
— None discussed.
Actionable insights
— Examine your state and local tax burden relative to your income; high marginal rates (above 50%) create psychological barriers to work and investment and may justify relocation.
— Monitor Federal Reserve communications for consistency; opaque messaging and frequent reversals signal policy uncertainty and heighten inflation risk.
— Evaluate school choice policies in your region; expanding parental control over education dollars correlates with improved school accountability and student outcomes.
Episode sponsorships
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