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 FrankEvidence 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”
Created: 6/17/2026, 9:48:29 AM
My Notes
Loading notes...