For the past fifty years, the government has dramatically increased spending on education, healthcare, and welfare programs. But have these billions of dollars really made Americans smarter, healthier, and more prosperous? Joshua Rauh, professor of finance at Stanford and Senior Fellow at the Hoover Institution, explains why big government leads to big problems. This video was made possible by a generous gift from The Peter & Judy Copses Foundation. Learn more about your ad choices. Visit megaphone.fm/adchoices