“The federal government is 43% larger than it was four years ago, and its reach is expanding mightily. More than a third of the surge in investment spending [since then] can be traced to government subsidies, credits, and handouts. The chosen corporate recipients of the government’s largesse ostensibly benefit, but the rest of the private economy will be burdened by significantly higher rates and rising costs of doing business.” – Kevin Warsh, former member of the Federal Reserve Board, 10/6/23, WSJ
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