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| Federal Spending Is Only Going Up: Trump Pushes Trillion-Dollar Defense Budget |
| Jane L. Johnson |
| Economist Robert Higgs described the “ratchet effect” in which government either creates a crisis or responds to one, leading to a permanent expansion of government power. After the crisis ends, government retreats—but not to the point where is was pre-crisis. |
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| Trump’s Insane Tariff Policy |
| Llewellyn H. Rockwell Jr. |
| The last excuse that diehard defenders of President Trump’s tariff policies have advanced now lies in ruins. Trump had put in place exorbitant tariffs, these defenders acknowledged, but this was just a negotiating tactic, to get the targeted countries to lower their own tariffs on American goods. |
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