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
ValueWalk’s March 2021 Hedge Fund Update: Klarman, Loeb, Reddit And Much More
Welcome to our latest issue of issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Seth Klarman and Dan Loeb's investment in Intel, losses and profits from Reddit's frenzy, and an analysis of hedge fund pay. Q4 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.
