Why Washington Shouldn’t Run the Economy

Why Washington Shouldn’t Run the Economy

OCRegister

In the popular mind, nearly every American city owes its prominence to one private industry or another. The one big city without a defining private industry, of course, is Washington, D.C. The sheer size of the federal government – more than a fifth of the economy – means that a totally hands-off attitude towards industry is impossible. By earmarking resources, changing regulations and imposing tariffs on non-U.S. industries and companies, the thinking goes that it can still foster innovation

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