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Cronyism, Corporate Welfare, and Inequality

Acton Line

CHAPTER

The Ratchet Theory of Government Growth in Response to a Crisis

The effects of a crisis are felt long after it's over. The ratchet theory says that you never go back down to the pre-crisis levels of spending. After 9-11, it's just so clear, we had a presence in Afghanistan for 20 years,. We have the TSA, Department of Homeland Security, and all the things that that entails and requires more government.

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