Biden to Sign Friday – With insights from The Wall Street Journal
BizNews published an excellent piece yesterday by Chris Hattingh, followed by a equally riveting interview with him on last night's BizNews Power Hour. The nub is how the Covid-19 pandemic has entrusted politicians with power citizens only bestow during wartime. And that, as you'd expect from economically ignorant people, these worthies are not acting responsibly after being handed the keys to the Money Printing Press. In essence, Biden and Co are borrowing from future generations to inject billions into pet projects. Done under the guise of rescuing the economy from a threat that no longer exists. Forgetting Grandma's advice that spending money is always easy. Repaying it, not so. Here's the story on the US's unprecedented stimulus package from our partners at The Wall Street Journal. – Alec Hogg
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