Boiling America’s Economy
The US has reached global pre-eminence partly because of its commitment to ensuring a level playing field for the private sector. As interventions in the economy – such as subsidies, tariffs, and regulations – proliferate and deepen, so, too, do the risks to America’s global economic position.
WASHINGTON, DC – It is said that if you put a frog in boiling water, it immediately jumps out; but if you put it in cold water and gradually turn up the heat, it does not react – and is eventually boiled to death. Something similar can happen to economies.