Why the Cost of Government Is Higher Than You Think

06/09/2014 Gary Galles

When governments spend, regulate, and tax, they decrease household take-home pay while diverting savings and investment to the government class, writes Gary Galles. This audio Mises Daily is narrated by Allan Davis.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.