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Saturday, February 29, 2020

Trump administration considers a centrally planned economy to deal with coronavirus / Boing Boing

Trump administration considers a centrally planned economy to deal with coronavirus / Boing Boing: The Trump administration is reportedly considering the possibility of re-implementing the Defense Production Act. Originally  enacted during the Korean War, the Act essentially empowers the President to control the means of production—the idea being that it would be in the interest of the nation's defense to force private manufacturers to focus their production efforts on…

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