Why Government Spending Is Bad for Our Economy | Jim Powell | Cato Institute: Commentary

Why Government Spending Is Bad for Our Economy | Jim Powell | Cato Institute: Commentary: 'there isn't any net gain from government spending since it's offset by the taxes needed to pay for it, taxes that reduce private sector spending.'

'Our findings indicate that a 10% increase in government expenditures as a percent of GDP results in approximately a 1 percentage point reduction in GDP growth."'