Patrick McLaughlin, a researcher at the Mercatus Center, dives into state-level regulatory burdens and their economic impacts. He introduces a new index that highlights inefficiencies in regulations, moving beyond traditional methods. McLaughlin compares states like heavily regulated California and New York with Idaho, which aims to attract business through lighter regulations. He underscores the significant effects of these regulations on job creation, poverty rates, and small businesses, advocating for thoughtful deregulatory efforts to enhance economic growth.

Patrick McLaughlin and Dr. Bruce Yandle discuss rising household wealth, interest rates, growing debt, potential consequences of spending, fuel economy standards, regulations, unintended consequences, and individual thinking in politics.