April 20, 2011 Reading Time: < 1 minute

“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.

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