Uncle Sam Can’t Count – A History of Failed Government Investments, from Beaver Pelts to Green Energy
Report by Betty Sakai
Have you ever wondered about government stimulus and subsidies, about where the power to take money from the people’s treasury comes from? The colorful history of government investments in America is not generally included in text-books. Few are aware that government investments have been occurring since the early days of our nation. Dr. Burton Folsom, the Charles Kline Professor of History and Management at Hillsdale College, honored the Conservative Forum by returning to speak about his most recent book, co-authored by his wife Anita Folsom, discussing failed government investments since the days of George Washington. All subsidies except for investments in national security such as the secret Manhattan Project were trumped by solutions provided by private enterprise. In an animated speaking style, Dr. Folsom evoked audience participation and laughter throughout his presentation. He repeatedly inquired of the audience’s experience, pausing to say …. “And I have a question for you….”
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