Connect with us

Hi, what are you looking for?

RiseInTheFuture.comRiseInTheFuture.com

Politics

The “Ratchet Effect”: Why It’s So Hard to Shrink the Government

Economist Robert Higgs described the “ratchet effect” in which government either creates a crisis or responds to one, leading to a permanent expansion of government power. After the crisis ends, government retreats—but not to the point where is was pre-crisis.

You May Also Like

Editor's Pick

Swaminathan S. Anklesaria Aiyar India and Pakistan are in danger of starting another armed conflict. India may attack Pakistan after accusing its neighbor of...

Editor's Pick

Michael F. Cannon, Krit Chanwong, and Dominik Lett Medicaid subsidizes medical care for low-income individuals and long-term care for many not-so-low-income individuals. After Social...

Editor's Pick

Real Estate and Healthcare swapping positions in Top 5 The top five sectors show remarkable stability, with Consumer Staples, Utilities, Financials, and Communication Services...