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Posted

Heard an interesting quote this morning and it seemed to be pretty accurate:

 

On one hand we have the world of innovators and entrepreneurs. They create the ideas and products that are boosting corporate profits to all-time highs and improving productivity. This America is a race horse.

On the other hand we have the world of government, where transfer payments are at record levels, regulation is increasing, and the benefits of new technology are being held back. This America is a dead horse.

Taken together, they create the plow horse economy.

  • 2 weeks later...

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