Government Growth
- Beginning had no revenue and no spending
- Last year, Govt. spending was about 40%
- Military
- Social Welfare
- Infrastructure
Theories of Govt Growth
- Demand
- Supply
- "Ratchet"
- Public Interest
- Public Choice
Demand
- People demand public goods
- Parks
- Roads
- Schools
- Military
- Encouraging Competition
- Externalities
- Positive
- Negative
Redistribution of Wealth and Income
- "Spread the Wealth"
- New Deal
- Social Security Act
- Great Society
- "War on Poverty"
- Stabalization
- FED
- Employment Act
Supply
- Voting
- Lobbying
- Bureaucracy
- Regulatory Capture