The Ben Shapiro Show Ep. 1784 - The Economy Is Spiraling The Drain
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Aug 9, 2023 Consumer debt has skyrocketed to $1 trillion, raising red flags about an impending economic crisis. The discussion critiques Biden's approach to the economy, emphasizing the risks of government intervention and the importance of free market principles. Meanwhile, the political landscape is shifting, with unexpected outcomes in Arizona's elections and potential Senate races. Amid rising inflation and changing corporate priorities, thoughts on the moral dimensions of capitalism and ownership emerge. Philosophical reflections on identity and societal values round out the intriguing dialogue.
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Benefits of Free Markets
- Free markets create better and cheaper products and jobs.
- They foster innovation and improve living standards compared to the past.
Stagnation Threat
- Inflation is not the biggest threat; economic stagnation is.
- Government spending on favored projects leads to stagnation and hurts innovation.
Proterra Bankruptcy
- Proterra, an electric vehicle company favored by the Biden administration, filed for bankruptcy.
- This highlights the failure of industrial policies that subsidize unproductive companies.
