Update on the Entitlement State
Here’s a quote from Brian Wesbury about why we just had a GOP blowout:
Like the 1970s, a large expansion of the entitlement state, higher tax rates, a patchwork quilt of crony capitalism, including subsidies for wind and solar power and electric cars has undermined growth. And no amount of Federal Reserve quantitative easing seems to help – banks are just piling up excess reserves.
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