Right. Misallocation of capital is not good economically; neither are subsidies, especially considering Bill Bonner's recent hilarious phraseology "This week’s Treasury auction (at which the federal government raises money to pay for projects it doesn’t need with money it doesn’t have)"
None of this bodes well for any chance at economic recovery anytime soon
Right. Misallocation of capital is not good economically; neither are subsidies, especially considering Bill Bonner's recent hilarious phraseology "This week’s Treasury auction (at which the federal government raises money to pay for projects it doesn’t need with money it doesn’t have)"