As my friend Free Market points out in his post, "In the end, Osama Wins" a giant welfare and and warefare state are not benchmarks for freedom. This sentiment is echoed by Andy Xie in his article for Caixin online. Mr. Xie writes, " Healthcare, the financial sector and the military industrial complex account for about 30 percent of the U.S. economy – more than twice the levels found in other developed economies, or in the United States three decades ago. This suggests the United States is carrying a 15 percent extra cost to generate the same output. Of course, the economy should be slow.
But the U.S. government is trying to simulate the demand side to solve a supply-side problem. That doesn't resolve the problem but instead creates a new one – inflation. No amount of monetary stimulus by the Fed can bring high growth back to the United States, in my view."
I highly recommend this article for your review.