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Thought To Ponder

Competition in the service of consumers is the one and only sure way to produce a prosperity permanently spiraling upward. All political spendings for purposes beyond the protection of life and property are a snare and a delusion
Percy L. Greaves Jr
[ Government Taxes Audio & Video ]
 CF&P Video Explains the Burden of Government Spending 
3 July 2010
Dr. Dan Mitchell

A new video released today by the Center for Freedom and Prosperity Foundation (CF&P) cites the latest academic research to show that there is too much government spending in America and other industrialized nations. Entitled, "The Rahn Curve and the Growth-Maximizing Level of Government," the mini-documentary discusses the Laffer Curve-type relationship between government spending and the economy.

 
As explained in the video, scholarly research indicates that government spending has a negative impact on economic performance when total outlays exceed about 20 percent of economic output. And since the burden of government spending in America now consumes about 40 percent of gross domestic product, the United States clearly is on the wrong side of the Rahn Curve.

 

 

 

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