In the late 1970s, Ken Langone connected Bernie Marcus and Arthur Blank with Ross Perot. They were trying to raise money for what became Home Depot, and Perot was offered the chance to purchase 70% of the company for $2 million.
The consensus among the allegedly wise is that China is “enduring its worst economic slowdown in years.” If the latter described the United States, economists and pundits would be calling for massive increases in government spending. How very backwards.
Americans are mostly wrestling with “keeping up with the Joneses.” If he’s right then he, his fellow libertarian inequality apologists, along with Ahmari, Rubio Cass, should praise inequality to the skies.
The implied point in the Post headline was that government spending makes most sense when the economy is weak, a supposition suggesting that central planning of resource allocation is most needed when an economy is on its back. You can’t make this up…