Scott Lincicome@scottlincicomeFor those keeping score at home*, this means the US government's equity portfolio now consists of THIRTY COMPANIES - up from ZERO just a year ago. (MP Materials was the 1st last July.) Bonus: it's all coming from the guy fighting "communism." *Don't worry bc @CatoInstitute isOpens with an observation
Scott Lincicome@scottlincicomeWhile you were sleeping, the Commerce Department announced that it has - via the CHIPS Act* - taken SEVEN new equity stakes in private semiconductor firms. American Socialism continues apace. t.co *Which doesn't expressly authorize govt equity stakes.Opens with an observation