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Governments spending public money to sustain farming – almost entirely sheep grazing – in the hills.
As a result, we tend to get third best policy – governments spending a lot of money on unproductive infrastructure.
With developed-world governments spending heavily to jump-start their economies, investors bid them up in expectation of eventual inflation, Mr. Worah said.
Governments spending large sums on stimulus plans in response to the global economic crisis need every available penny to contain ballooning public deficits.
The latter process was made difficult in the early postwar years by rampant inflation, which was caused not least by the new governments' spending beyond their means to create or extend the state machinery.
Until we find ways to restructure and forgive some of these debts from consumers, firms, banks and governments, spending to drive growth is not going to come back at the scale we need.
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Of this $2.3 trillion, the federal government spent $817 billion, while state and local governments spent $290 billion.
Companies and governments spend money on espionage.
Governments spend billions teaching it.
Meanwhile, coal-rich governments spend significantly more on administrative expenditures.
Government Spending.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com