You Can't Cut Taxes and Spend More Forever

I sat down with Elon University’s Dr. Brandon Sheridan to discuss the U.S. economy and back-to-school preparation. If you are preparing for a semester in economics, either as a teacher or student, this one is for you. We end our conversation with some tips for educators starting classes soon. Are you a high school economics educator? I have an offer for you at the end of this post.

In this episode:

• 01:12 — The economy is “moving sideways,” and it could be worse

• 02:04 — Consumers continue to spend (recorded before retail sales data confirmed that spending is down)

• 06:29 — The jobs report: Is -23K real?

• 09:40 — Labor force participation is a concern

• 19:53 — Inflation’s hidden secret

• 31:10 — “You can’t reduce revenue and increase spending simultaneously when you’re already in debt.”

• 33:00 — Tips for new and “old” educators

Watch the full episode to see why the markets have been forgiving.

Econ Ed Professional Development with Econiful

Hey econ educators!
Are you putting together your first units for the semester?

I am joining Econiful on September 3 to talk more about the Six “secret” econ resources, and the session is built specifically for high school econ teachers. Dr. Justin Wolfers of Platypus Economics will be there too. It is free and an hour long. Come join us!