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Where Government Shrinks

Article by John Prestbo May 1, 2012 //   1 minute read

Gene Epstein, Barron's Keepers of the record books, take note. Over the 11 calendar quarters since the end of the 2008-09 recession, government's share of gross domestic product has been shrinking at a record rate. True, there were two periods of comparable length when government shrunk faster: the early 1970s and mid-1950s. But both those downsizings were due to demobilizations after relatively major wars — the Vietnam and Korean conflicts, respectively. Read More (Requires Subscription)

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