Sunday, March 30, 2014

There's free-market capitalism and crony capitalism -- do you understand the difference?

That $1.2 trillion number does not include the hundreds of billions of dollars in housing, bank, and auto-company bailouts in 2008 and 2009, because those payments are kept mostly invisible in the federal-agency books. It also doesn’t include the asset purchases of the Federal Reserve, indirect subsidies such as the ethanol mandate that enriches large agribusinesses like Archer Daniels Midland, or special tax breaks for wind and solar manufacturers.
blog.heritage.org/2014/03/29/fighting-corporate-we...ocial

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