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Many on the right have decided to use a big government tool called tariffs to “help the working class.” It is an attempt at central planning that will not work, and will invite many unintended consequences. But many on the left continue to believe subsidies — rank cronyism and corporate welfare like the CHIPS Act and various stimulus/infrastructure bills (and clean energy boondoggles like the “Inflation Reduction Act”) — are somehow better. Today, David goes after the two-sided coin of central planning meant to help the working class with tariffs on one side and subsidies on another, and asks to throw away the coin.

Veronique De Rugy’s phenomenal article