Corporate Welfare

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How Governor Whitmer Doomed Detroit Autoworkers

Bureaucracy and RegulationCorporate WelfareCronyism and CorporatismUnemployment


In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested.

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What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much

Big GovernmentCorporate WelfareCronyism and CorporatismWar and Foreign Policy


Another Pentagon audit, another massive failure. But the Pentagon's problems are not just simple accounting. They reflect the reality of an unaccountable rogue empire that tries to prop up the US empire.

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Biden’s Absurd New Economic Messaging Strategy

Corporate WelfareCronyism and CorporatismPoliticsTaxes and Spending


The president wants to appear as a “scourge” of the ultrawealthy. But he has only been a scourge of the productive wealthy while remaining a dear ally of unproductive cronies.

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Student Loans: The Continuing Crisis That Is Getting Worse

Big GovernmentCorporate WelfareLabor and WagesU.S. History


The student loan program is descending into chaos and the Biden administration is clueless about what to do. Furthermore, the value of a college education continues to fall while college costs increase.

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Are Businesses Entitled to a Fair Profit?

Corporate WelfareCronyism and CorporatismEconomic Policy


One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”

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Fear of Failure is Vital to the Success of a Free Market Economy

Corporate WelfareThe FedFree MarketsStrategy


What lies behind the attempt to bypass fear of failure is the perceived lack of any substantial cost to failure. The illusion lasts only for so long before economic reality prevails.

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America the Obese: How Taxpayers Are Forced to Ruin Their Health

Corporate WelfareEconomic PolicyProtectionism and Free TradeU.S. History


Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity.

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The Parasitic Rich Men North of Richmond

Big GovernmentCorporate WelfareCronyism and CorporatismMedia and Culture


Oliver Anthony's popular song, "Rich Men North of Richmond," describes the parasitic world of the Beltway. One hopes people understand the damage the political classes have done.

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Inflation Is a Giant "Skim" on the American People

Corporate WelfareInflationMoney and BanksU.S. EconomyU.S. History


Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected.

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