Two bits on the dollar

Economist Milton Friedman proved that any activity carried out by the government costs twice as much and produces half as much as the same activity in the private sector.

If I’ve done the math right, that means that for every dollar we send to Washington, we get back twenty-five cents worth of goods and/or services.

When you factor in the ever-increasing cost of our out-of-control debt, I’m thinking our benefit drops below two bits by quite a lot.

If government over-spending is not stopped, and soon, it will bring America down without anyone firing a single shot.

Chrissy’s Site Bites @ http://news.webshots.com/photo/2835663370056011884nVBmMD

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If you like this, you might also enjoy @ https://polination.wordpress.com/2012/08/05/printing-more-money-is-the-last-refuge-of-failed-economic-empires/

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Filed under Economy, Milton Friedman, National Debt

One response to “Two bits on the dollar

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