Felix Zulauf on economic stimulus and government spending

The government share of the economy will continue to rise.  The more government is involved in the economy, the less productive and efficient the economy becomes.  If productivity falls, prosperity declines.  An ever-larger percentage of the population falls into poverty or near-poverty, and society takes on a bigger role in caring for those people.  We are slipping into planned economies and greater socialism. In the long term, it is the wrong recipe.

~ Felix Zulauf, "The View From Europe," Barron's, February 20, 2021