Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime.
There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater.
There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater. What do we worry about? We worry about our schools. We worry about our public recreational facilities. We worry about our law enforcement and our public housing. All of the things that bear upon our standard of living are in the public sector.
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