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Ask an economist: Is a gas tax holiday a good idea? Weekly economy update

The Week in Philly from KYW Newsradio
The Week in Philly from KYW Newsradio
Episode • Jun 25, 2022 • 12m

Initial claims for unemployment benefits dropped just a bit, but overall the numbers have been staying pretty steady. There are legitimate recession concerns on the horizon, but how unusual is it to have those recession concerns when there's also a labor market that's this hot? There's a lot of talk about a vacation from the gas tax. Is this a good idea from an economic perspective, or are there hidden pros and cons? Philadelphia economist David Fiorenza breaks down the biggest stories in the economy this week and what they mean for you and me. 

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