The U.S. Economy
The New Normal and an Unsustainable Future
By Benjamin Powell, Taylor Leland Smith
This article appeared in the Winter 2015/16 issue of The Independent Review.
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 nations massive indebtedness will spark a fiscal crisis likely to force citizens and politicians to reassess the governments 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.
|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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