Episode 312: The Next American Economy
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The American Economy Is Not an ATM
Paul Songas was one of the first on the left to say there's no magic ATM machine that instantly produces wealth by fiat, so to speak. You don't find many people on the left talking that way today,. But it's also disturbing, you find some conservatives now saying, well, maybe we need to expand welfare programs. Maybe we should just give up trying to reduce the welfare state and use the administrative state to achieve our own ends.
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