Source: Ludwig von Mises Institute
by Connor O’Keeffe
“Last Friday, Trump triumphantly announced the deal — celebrating the fact that the US government would come to own a share of the company. The reaction on the right was mixed. Plenty of Trump’s acolytes dutifully hopped on board and echoed Trump’s framing that the federal government is ‘us,’ and so any deal that moves money or financial assets into federal accounts is equivalent to transferring that money to all of us Americans. Others were not convinced. Plenty pointed out, correctly, that the government embedding and allying itself with nominally private companies is the literal definition of economic fascism. Establishment critics, who are not put off by economic fascism as long as they get to call it something else, thought the move was a bit strategically misguided.” (08/27/25)