Corporate welfare is when the government favors certain businesses in the form of direct subsidies, tax credits, or favorable regulatory schemes. Sometimes this practice is referred to as “economic development.” This label creates a damaging misconception about corporate welfare, which leads to economic contraction rather than expansion.
Economy
Supply Side Economics is the Cure for the Current Inflation
“Inflation is always and everywhere a monetary phenomenon.” This statement by Milton Friedman is true today as it was when he first made it in 1963. It’s that simple. If the quantity of money grows faster than the quantity of goods and services the economy can produce, we will experience inflation. While the U.S. money...
August 26, 2022