Ayn Rand explains how leaders with a collectivist mindset can justify such lusty sums for pet projects and public largess even though we are experiencing record inflation partly due to previous enormous spending. It comes from altruism, paired with a neurotic lack of self-esteem in a leader or among lawmakers that fuels the need for ever more spending on “the public good”. It is based upon the need to feel good, rather than actually doing good.
Inflation
How did we get to multi-trillion dollar spending bills? Ayn Rand had an answer.
The public who support these policies get to feel good about themselves too, but only for a little while, until the bill comes due. By the time they're paying $5 for a loaf of bread, and $6 for a gallon of gas, it's too late.
LR Podcast S2E1: “We the Government”
The “Infrastructure” plan. (talked about at length in episode 51.) Congress using the same “bait and switch” language in describing it. They're selling it as an infrastructure plan, but what you really get is about 7% infrastructure and the rest Green New Deal crony capitalism.
LR Podcast Episode #47: Never have so many owed so much.
This is just the beginning. The Democrats will announce (safe prediction) a "climate crisis", after or even before the COVID-19 crisis is over in order to justify more spending and greater control of the economy. This will open the door more massive Green New Deal spending and regulation.
