“Government spending either is completely wasteful, merely transfers income, purchases an intermediate rather than a final good, or purchases valuable final services whose value cannot be ascertained because the transaction is not made by private parties exchanging their own resources in a market setting.”
Quote by Robert Higgs
Author
Robert Higgs
Robert Higgs is an American economist renowned for his research on the relationship between government intervention and economic growth. His work focuses on the fields of economic liberalism and public choice theory, making significant contributions to understanding the impact of government policies on the market. more