The burden of government spending has skyrocketed during the Bush‐Obama years. Many politicians claim that all this new spending represents necessary “investments” to boost economic growth. But as this new video explains, both cross‐country comparisons and empirical analysis suggest government is far too big — not only in Europe, but also in America.
This is the second of a two‐part series. The first installment, which focuses on eight theoretical reasons why excessive government undermines growth, can be viewed here.