The U.S. welfare state is rushing toward a fiscal cliff. Without a dramatic cut in government spending or a steep increase in taxes, the nation’s massive indebtedness will spark a fiscal crisis likely to force citizens and politicians to reassess the government’s role in the economy and to consider free-market, civil-society-based alternatives.
Benjamin Powell is a Senior Fellow at the Independent Institute and Director of the Free Market Institute at Texas Tech University.
Economic PolicyEconomyEntitlements and WelfareFree Market EconomicsGovernment and PoliticsTaxes
Other Independent Review articles by Benjamin Powell
Summer 2022 The Ethics of Doing Business with Illegal Immigrants
Winter 2017/18 Raveling the Immigration Narrative
Spring 2016 Dynamics of Intervention in the War on Drugs
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