The fact that the United States’ yearly deficit spending is set to soon top $1 trillion — an amount that is itself larger than most governments’ entire operating budget — might be an indicator that the federal government has gotten too large. No matter which party is in power, the federal government and its attendant spending never really ceases to grow. In school, we’re taught a rose-colored tale of selfless public servants righteously chosen by solemn, considering voters to go to Washington to diligently represent their constituency’s best interests. But is it true? Join James Harrigan and Antony Davies as they talk about this and more on this week’s episode of Words and Numbers.
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Quick hits
Yarra Square Partners returned 19.5% net in 2020, outperforming its benchmark, the S&P 500, which returned 18.4% throughout the year. According to a copy of the firm's fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, 2020 was a year of two halves for the investment manager. Q1 2021 hedge fund Read More
Federal deficit to top $1 trillion
The DNC is broke
Foolishness of the Week
Topic of the week: The Security State and the Therapeutic State
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Antony Davies
Antony Davies is associate professor of economics at Duquesne University and Chief Academic Officer at FreedomTrust.
He is a member of the FEE Faculty Network.
This article was originally published on FEE.org. Read the original article.
