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For decades, the United States economy has been addicted to government spending, from stimulus to subsidies, and this addiction is tough to kick, although nobody has gone cold turkey. In the immediate aftermath of the COVID-19 public health crisis, Congress accelerated spending, and the Federal Reserve ramped up the printing press, adding another layer to America’s substance abuse problems. Is there an end in sight? If Washington was bloated before the coronavirus pandemic, the Leviathan would only swell in size moving forward. This is not an economy on steroids – it […]
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