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May 6, 2021
John Tamny

The New York Times Argues With Itself About Biden and Taxes

“Government spending by its very name is the politicized allocation of precious wealth first created in the private sector. In other words, government spending delays the mass production of yesterday’s luxuries and tomorrow’s must-haves by limiting investment. Page B1 in the April 29th New York Times shows us why this is true.” ~ John Tamny

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Ethan Yang

Competing With China Shouldn’t Entail Becoming More Like China

“When we talk about competing with China to win the 21st century we first need to be very clear on what that means. President Biden’s rhetoric seems to suggest he just wants to use the geopolitical tensions between the US and China as an excuse to pass his list of big government policies. The massive expansion of state power into the American economy is not a novel innovation in response to China but a failed and tired dream held by Progressives since the early 20th century.” ~ Ethan Yang

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Robert Hughes

Initial Claims and Continuing Claims for Unemployment Benefits Fall in the Latest Week

“Initial claims for unemployment benefits continue to decline, suggesting a strengthening labor market and improving economic outlook.” – Robert Hughes

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William J. Luther

The Rise of Bitcoin

“The blockchain technology at bitcoin’s core provides a new and fundamentally different way to process payments. It relies on neither decentralized nor centralized clearing. Instead, it processes transactions over a distributed network. And, by solving the double spending problem without recourse to a trusted third party, it has the potential to offer a degree of financial privacy comparable to decentralized payment mechanisms like cash.” ~ William J. Luther

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