Paul Gessing, president of the Rio Grande Foundation, appeared on the "Let People Prosper Show" with Vance Ginn to discuss New Mexico's economic challenges. Despite the state's rich resources and culture, it remains low in economic freedom. Gessing brings nearly two decades of experience in analyzing New Mexico's political and economic trends.
New Mexico faces issues such as a shrinking population, high poverty levels, and increasing reliance on government support. This is despite having a $61 billion sovereign wealth fund and significant oil revenues. According to Gessing, the core issue lies not in financial resources but in policy decisions.
Gessing provides a critical view of why New Mexico is lagging behind other states economically and outlines what needs to change for improvement.
