Just like last time, the markets tanked after the bill was approved. It hasn't been signed yet, but that likely won't matter. I think it's important to remember ...
Government cannot really "create" any jobs per se. It can raise taxes and shift private sector jobs creation to government jobs creation (typically a malinvestment), and it can bring production and consumption forward for those jobs that are genuinely needed (filling potholes), but once the potholes are filled, one has to ask the question, "What will we do for an encore?"
- Mike "Mish" Shedlock
In fact, all the government can do is price-fix. Look at the massive scale price-fixing has taken ... again.
In fact, all the government can do is price-fix. Look at the massive scale price-fixing has taken ... again.
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