One aspect of inflation that we don't hear much about is how the rising cost of diesel contributes to higher costs of goods. The cost of regular gas is roughly where it was last year, at around 3 dollars a gallon, but the change in the price of diesel gas is much more notable- it’s gone up a dollar or more since last year. There are certain policies in place causing this. To break it down, here's Joe Trotter, the energy task force director at the American Legislative Exchange Council.
New reports coming from China say that the country's population has dropped for the first time since 1961. This poses major challenges to their economy. And since the U.S. economy is intertwined with China, this is also expected to have impacts on the U.S. Joining us to discuss America's economic relationship with China, we have Ryan Yonk, Senior Research Faculty at the American Institute for Economic Research.