Comment by hartator

3 years ago

U.S. total public spending is around 40% of the GDP. [1]

2 comments

hartator

So what? It's not like that money is lost. It ends all back in the economy because people spend their wages.

logicchains 3 years ago

Money is just paper. The _value_ is lost; if the government buys itself a banana, that's one less banana available to the people.