"Econ 102" with Noah Smith and Erik Torenberg cover image

Case for Biden, Biden vs Trump, China

"Econ 102" with Noah Smith and Erik Torenberg

NOTE

Focus on Spending Issues in Biden's Policies

The main issue with Biden's policies lies in spending, leading to a high deficit driven by factors like high interest costs, low taxes, and extensive spending. While some spending aligns with beneficial industrial policies, a significant portion involves subsidizing overpriced services without increasing supply, as highlighted in the 'cost disease socialism' concept by the Niskanin Center.

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