The new era of big government: Biden rewrites the rules of economic policy

Financial Times/Derek Brower, James Politi and Amanda Chu/7-11-2023

Four decades after Ronald Reagan rejected large-scale US government intervention in the economy, Biden is embracing it wholeheartedly with a raft of subsidies for domestic producers in strategic sectors, in the hope of creating hundreds of thousands of new jobs.

USAGOLD note: We do believe the fiscal madness unfolding in Washington will increase global gold demand, and ultimately translate to the price.