| | Also of note is how Yaron Brook explained that there are three ways that governments fund growth:
(1) printing money (inflation)
(2) taking on debt
(3) increasing taxes
However, a fourth way would be to start a war and plunder another country's natural resources. Therefore, there are actually four ways to fund the growth of government:
(1) inflation
(2) accrual of debt
(3) increasing taxes
(4) war and plunder
In determining the level of statism in any administration of our government, one may legitimately ask which of these four we are/were employing, and to what extent we are/were employing them. Different administrations can then be ranked on their respective levels of statism.
Ed
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