Many lawmakers have lost sight of the basic economic principles that build flourishing societies. From putting Washington in private boardrooms to imposing tariffs, this administration seems intent on focusing on anything but the real problem: runaway government spending.

Inflation and many of today’s economic woes are made worse by federal deficits that fuel higher interest rates and add relentless inflationary pressure. These challenges won’t be solved by squeezing “revenues” out of private industry or taxing imports. They’ll only be solved by spending less, taxing less, and regulating less.

We’ll break down the latest news on these issues and more in this edition of This Week’s Economy.

You can catch the full episode on YouTube, Apple Podcast, or Spotify.

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What keeps the socialist temptation alive—and why does it resonate with younger Americans?

On this week’s Let People Prosper Show, I interview Iain Murray, Vice President for Strategy at the Competitive Enterprise Institute. Iain is one of the sharpest voices in the movement for economic liberty, directing CEI’s Center for Economic Freedom and shaping the debate on labor, trade, energy, and beyond.

We discuss his journey from the UK to the US, his time as a civil servant under heavy bureaucracy, and his work at CEI to expose the hidden costs of “regulatory dark matter.” We also dive into his book The Socialist Temptation, unpacking why socialism still attracts voters—and how free markets can win the argument with better storytelling. Along the way, we tackle Brexit, trade, environmental stewardship, and the battle of values driving today’s political realignment.

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With socialist policies coming from progressives and conservatives, it’s clear America’s political class — left and right — has lost its economic compass.

Headlines tell the story: student loan forgiveness, tariffs, income redistribution, protectionist trade. Each is a form of central planning that shifts decisions from people in markets to lawmakers and regulators in government. No wonder the economy feels stuck — with $37 trillion in national debt, a bloated Federal Reserve balance sheet, and growing doubts about the American Dream.

What we need is a practical, principled defense of free markets — and the courage to push leaders to embrace it, even when it’s politically inconvenient.

You can catch the full episode on YouTube, Apple Podcast, or Spotify.

Visit: VanceGinn.com

Subscribe: VanceGinn.Substack.com