Is the U.S. Treasury Over-Politicizing Our Economy?
19 State Attorney Generals argue they are.
It has been very hard watching Treasury Secretary Janet Yellen criticize historic assumptions about the working relationship between government and business begin in the 1930’s, which is also known as “cooperative federalism.”
I am afraid economic history will not be kind to her conversion to political economics.
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“Wall Street giants are defending a widespread initiative to invest in companies with environmentally friendly policies, moving away from investment in the fossil fuel industry following attacks on the practice from GOP leaders.
Asset management giant BlackRock wrote a letter to GOP states that are trying to curtail a social movement in the financial sector known as Environmental and Social Corporate Governance (ESG), which seeks to move the U.S. economy away from the fossil fuels that contribute to global temperature rise.”