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Justin Wolfers
justinwolfers.bsky.social
did:plc:4kshoaytrzhgsziro6ywozul
Capitalism works when competition decides winners. The President is swapping market tests for political favors—mates rates, not merit. It leads companies to spend more on K Street than R&D. The result: fewer breakthroughs, slower growth, and lower incomes. But it won't happen overnight.
2025-08-20T16:46:50.904Z