The Federal
Return of Big Government under Biden good news for the world
When the world’s most powerful nation decides to spend big and tax big, all governments around the world stand to garner additional tax
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The Biden administration believes that once the US establishes its position of strength, it will be able to compete more effectively with its competitors across the board.
When America sneezes, the rest of the world catches a cold. That facetious expression a 20
th century adaptation of Napoleonic Europe’s “when France sneezes, all of Europe catches a cold” not just describes the consequence of large inequality but also intones our inherent dislike of inequality. But inequality can produce occasional boons, too.
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