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Public Choice: Why Politicians Don't Cut Spending

Why did politicians cut a trivial amount of money in the recent budget agreement? Prof. Ben Powell explains why politicians don't cut spending, as a general rule. Using public choice economics, or the economics of politics, he shows how the political system naturally leads to overspending.

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Видео Public Choice: Why Politicians Don't Cut Spending канала Learn Liberty
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20 апреля 2011 г. 11:27:23
00:02:20
Learn Liberty
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