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Why Government Grows (and Grows) in a Democracy

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journal contribution
posted on 01.07.1972, 00:00 authored by Allan MeltzerAllan Meltzer, Scott F. Richard

DEMOCRATIC government continues in relatively few countries, and mainly in the market economies of the world. Yet even in the United States, with a long history of coexistence between market freedom and political freedom, state intervention in the market has grown, and the size of government has grown. Growth of government is not a simple transfer of power from one group to another. Well-functioning markets disperse power; growth of government concentrates power.

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01/07/1972

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