In Australia, they’re putting interest rates up while giving massive tax breaks to the earning $180k ++ What’s the scam?

The media are really going overboard in telling us the days of the free market are over with Biden’s new economic policies. President Biden has quite explicitly implemented policies intended to reshape the direction of the economy, pushing clean energy and more domestic production of advanced semiconductors and other products. He also has reinvigorated anti-trust policy, which was largely shelved by his predecessors. But the idea that the policies of the last four decades were somehow a matter of just leaving things to the market is a grotesque lie that no person remotely familiar with economic policy should be repeating.

It sounds much better to tell the public, the vast majority who are losers from these policies, that “the market creates both winners and losers,” as opposed to saying, “we’re implementing polices to transfer money from you to us.”

But why do people who oppose these policies go along with the hoax? There apparently is a big market for this sort of pretending in major media outlets, but it would be nice if we could get more reality-based policy discussions.

Source: The Myth of the Free Market – CounterPunch.org