Monday, January 25, 2010

Chart of the day

Via Chris Edwards. While a number of observations can be made from this graph, one that stands out in my mind is the decline during Reagan's first term. It brings to mind Reagan's famous maxim about government's view of the economy: "If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

Perhaps the spike in subsidies over the last 10 years is a reflection of just how much the economy has been taxed and regulated.

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