Let Jobless Benefits Lapse

Economist Robert Higgs is well known for showing that government grows according to a ratchet effect: Government expands rapidly during a crisis and then recedes after the crisis is over, but it does not return to the pre-crisis level of involvement in our lives. But at this point, we need to expand the concept to include the fact that each time a crisis arises, the size of government’s response gets bigger and bigger, thus making ever more unlikely a return to pre-crisis size. Read Full Article »


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