As Americans prepare to celebrate the Fourth of July, they would do well to remember that those who fought for independence would not support the Leviathan state that the USA has become.
Rent seeking is a popular term used in economics to describe the behavior of firms trying to gain something from the government. Time to expand the definition.
The usual suspects are "relieved" that Congress gave President Biden what he wanted on the so-called budget deal. Without sound money, however, the borrowing and spending regime will collapse sooner or later.
Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same.
