America, what’s gone wrong? I think it’s this

March 4, 2011

No one chart could sum up everything gone wrong with the U.S. economy, but this one comes close to showing America’s misplaced priorities:

usaincchart

One comment

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Add education spending and you do just about have the whole story of America’s recent problems. Unproductive government-driven investment in health care, education, and housing is a black hole sucking up money that would otherwise be allocated according to its most productive use. This is the unintended consequence of government intervention played out on an economy-wide scale.

The solution is a full retreat of government from these area. When we will we as nation realize that? Will it even be possible to fix the mess we’ve created when we do?

Posted by dk123 | Report as abusive