Optium Size Of Government And Its Interventions On The Economy

Optimum size of government and its interventions on the EconomyNameAmerican historyTutor’s Name24/10/2016Optimum size of government and its interventions on the EconomyIntroductionSome of the sustained debates in American politics are on role in the economy and the size of government and the merits of government intervention in specific areas. The question as to whether there is ‘too much or ‘too little’ government is complicated by the level of efficiency in government programs. There are government programs that are out rightly inefficient to the extent of being counterproductive in achieving their policy goals. With these programs it can be argued that reducing the size of government would be of benefit. On the otherhand government intervention can increase efficiency in the face of externalities or market failure, thus justifying larger government. These justifications notwithstanding government interventions are often designed to target certain social goals that cannot be valued quantitatively. One such goal is personal financial assistance through income redistribution programs such as the Social security program. This essay will examine the case for and against passage of Social Security laws based on the