Current high government expenditures as a share of GDP are largely a temporary aberration driven by automatic stabilizers (Medicare, Medicaid, unemployment insurance) triggered by a distressed labor market, not a structural rise in government's share.

causalpending

Speaker

Robert Frank

Evidence Quote

the high expenditure levels now are not a consequence of a rising share of GDP going to government there they're really a temporary aberration that reflects the depth of the current downturn

Source

Robert Frank on Competition, Government, and Darwin 09/12/2011EconTalk
Created: 6/17/2026, 9:48:29 AM

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