The public policy blog of the American Enterprise Institute

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Discussion: (1 comment)

  1. Thomas Sullivan

    What kind of economy do we really have with government (federal, state, local) spending at 40% of GDP, plus the cost of regulation compliance at perhaps another 20% of GDP? Federal spending is 24% of GDP, with 8-9 points of that in borrowed money. The money is 77% borrowed from the Fed, which creates the money out of thin air. What kind of “economy” is that? How long can that go on before it falls apart?

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