Speaking of government intervention in the private marketplace, Ken Griffin, the CEO of the $69 billion Citadel hedge fund, is fed up with the Trump administration’s dangerous penchant for picking winners and losers.

He commented on the “line outside the White House” of businesses wanting special favors when it comes to tariffs and handouts:

“When the state becomes involved in picking winners and losers, there’s only one way this game ends: All of us lose. That’s not the American story.”

And he added that this is a dangerous trend because Washington is “where the crocodiles live.”