Freedom, Finances, and Federalism with Tom Savidge

​What if freedom wasn’t just about opportunity—but also the ability to fail? In this episode of the Let People Prosper Show, Thomas Savidge, a research fellow at the American Institute for Economic Research, joins me to discuss the nuances of economic responsibility. From federal spending’s grip on state budgets to the long-term impact of public debt, this episode dives into the trade-offs shaping our economy.

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(0:00): Introduction – Meet Thomas Savidge and explore his journey into economic research.
(5:58): Federal Influence on State Budgets – Why 35% of state budgets come from federal dollars and what that means for state policies.
(12:01): Freedom and Responsibility – The philosophical foundation of economic thought and the role of individual responsibility.
(17:59): Public Debt Trade-offs – Examining the long-term consequences of borrowing on future economic growth.
(24:06): Optimism in Government Reforms – How we can improve efficiency without compromising freedom.
(29:52): Fiscal Rules and Stability – The importance of rules to limit spending and encourage sound monetary policy.
(39:04): Policy Pitfalls – The dangers of capping interest rates and over regulating emerging technologies like AI.