Why Washington only cut $38 billion: A Public Choice perspective
“Why did politicians cut a trivial amount of money in the recent budget agreement? Prof. Ben Powell explains why politicians don’t cut spending, as a general rule. Using public choice economics, or the economics of politics, he shows how the political system naturally leads to overspending.” Watch it here.
Why Washington only cut $38 billion: A Public Choice perspective
Benjamin Powell
YouTube, April 19, 2011.
Posted by LearnLiberty.
