The New Era of Big Government: Biden Rewrites the Rules of Economic Policy
President Biden signs the Inflation Reduction Act into law. Credit: Department of Energy Secretary Jennifer Granholm.

The New Era of Big Government: Biden Rewrites the Rules of Economic Policy

"U.S. President Joe Biden’s landmark clean-energy law — and the huge subsidies it offers — risk distorting the global market for essential minerals, a U.K. government minister said." Financial Post

US manufacturing commitments double after Biden subsidies launched Financial Times

My Commentary

Sadly these are the people running the world today. Apart from being sorry, there's not much that can be done.

Eventually we'll understand that the change will come from below, from the renewed connections between people.

We'll begin to forge new sources of power that will shape and define our history. Which is all part of this transition process we're all in. So we'll keep getting up in the morning to all these crazy news items about leaders like Biden and Musk.

And this is how it will go on every single day until we decide we want a change.

To summarize - Biden's Inflation Reduction Act is the height of populism, and won't do the world or the American people any good.

Leaders in the UK seem to agree, and don't think taxpayers should need to foot the bill for the green energy industry to make more money.

Why are we waiting? Green energy chiefs frustrated by UK’s slow response to Biden subsidies POLITICO Europe


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