I’m currently reading “How Capitalism Saved America.”  I am still in the first chapter or so, and I came across an interesting quote about the effect of government spending on the economy.

Except for spending to protect property rights, enforce the law, and protect citizens from for an aggressor, all government spending crowds out private spending and weakens the vitality of capitalism.

Given this, it is easy to imagine what damage the government is actually doing to the economy, especially in areas such as medicine where the government accounts for over 50% of all the money being spent.