I found this video in an old post on Money Illusion. Is it me or is the political climate in this country getting so ridiculous that it’s becoming comical? Sumner’s first paragraph is correct, but he’s wrong about the filibuster. Also, I think the size of government does “head toward 100% of the economy in the long run.” I’ve never known one to shrink in a significant way through the normal political process. The only reason they don’t make it to 100% is that they can’t sustain themselves and eventually collapse.