Government Diversion

Federal government spending has steadily increased from 14% of GDP in 1950 to about 25% today. Because of this, legislators and bureaucrats are increasingly lobbied in an effort to have them bestow government largess on one group or another. Unfortunately, this is a zero-sum game. Were government spending to decline, so would the importance of government freeing up energy and creativity to be devoted to the private sector.

Share This Post
Facebook Twitter Email

Speak Your Mind