October 22, 2009
-- by Dave Johnson
When you comb the serious academic evidence about how and why economies grow, you will find that no case can be made that big government or even high taxes impede economic growth over time. History offers no lesson about the values of minimal government. There has never been a laissez-faire modern economy. To the contrary, the evidence shows that government typically contributed vitally to growth. As odd as it is to have to say this, without effective government, America would be poor today.
The lost faith in government has detrimentally affected almost all aspects of life in America in the last generation: health care, education, retirement security, the quality and durability of jobs, family time available to raise children, rising prison populations, and the nation's wealth itself.
Posted by Dave Johnson at October 22, 2009 11:52 AM
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