Economist Robert Higgs described the “ratchet effect” in which government either creates a crisis or responds to one, leading to a permanent expansion of government power. After the crisis ends, government retreats—but not to the point where is was pre-crisis.
The “Ratchet Effect”: Why It’s So Hard to Shrink the Government
What’s your reaction?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0