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Steve Hanke revives Friedman warning as JD Vance backs interventionist economics

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  • Steve Hanke criticized Vice President JD Vance by sharing a 1979 Milton Friedman government warning.
  • The CBO projects $7.4 trillion in fiscal 2026 federal outlays, or 23.3% of GDP.
  • Vance proposed a U.S.-led critical-minerals trade bloc with price floors and adjustable tariffs in February.
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