The end result of endless taxing, endless spending, and endless corruption in Washington, DC. From Forbes magazine: “After Obamacare, which socialized 18% of GDP, combined federal, state, and local governments are now responsible for a whopping 40% of GDP. In 1900 that number was only 3%! How did we get here from the days of 1776 through 1913, where an economy on a gold standard produced 0.12 % inflation per year and almost 5% real growth?”
Read the entire article online: The “Long Run” is Here: Let’s Bury John Maynard Keynes.