For years now we have moved inexorably toward a larger and larger share of resources being absorbed by government. This has translated into a greatly expanded role for government in business, society in general, and in our personal lives. Obviously, this involvement has carried a price tag—which has translated into fewer resources available for more productive use in the private sector.
From Reagan’s Treasury Secretary Donald Regan’s Address to the Business Council, an organization of chief executives from major American corporations, on supply side tax cuts. 1984.
Culprits:
Issues:
Laws:
