Redefining “Recession,” Semiconductor Pork, Fauci Doubles Down | Independent Outlook 43

July 27th, 2022

Independent Outlook is the regular round-table conversation from the Independent Institute that provides timely insights and cutting-edge commentary on the most pressing issues of the day. It features Independent’s Dr. Graham H. Walker (President of the Independent Institute), Independent’s Director of the Center on Educational Excellence, Williamson Evers, and Senior Fellow Benjamin Powell.

The Biden administration, spooked by inflation, sets out to change the definition of “recession,” apparently in hopes that terminology will ease the impact of disastrous spending and monetary policy. Meanwhile, the new semiconductor pork bill, “The Chips Act” subsidizes big business at the expense of taxpayers and consumers. Also, Dr. Fauci now tells us that if he had it to do all over again, he’d insist on even more draconian lockdowns and restrictions.

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