[miscreanity]

Regulation inevitably squeezes it into government one way or another. The only long-term beneficiaries are the government itself which constantly requires more funding through any means possible, and those involved in regulatory capture - typically banks and large corporations.

It is important to note that relaxation of regulation is important as well, since the direction of that easement usually favors banks and big business[1] - it's a matter of perspective. Always ask what the true purpose of a political action or movement is and follow the money; more often than not there's an ulterior motive.

"All politicians should serve two terms: one in office and one in jail." ~My Grandfather

[1] https://thehill.com/blogs/congress-blog/economy-budget/28362...

[neffy]

That´s not actually the case for the United States, if you look at government spending carefully, it´s actually shrinking as a percentage of the total money supply. People who like to claim that it´s growing, invariably fail to factor inflation and/or money supply growth into their charts.

The actual answer appears to be that it´s being squeezed into the financial sector by several positive feedback loops operating around lending, and in particular securitized lending - but that´s not the sort of answer that helps to pander to populist sentiment, and securitized lending is a trillion dollar industry - so you won´t see it discussed very much.

[miscreanity]

As I pointed out: entities involved in regulatory capture.

Money creation through debt is another topic, but still benefits primarily the same parties.

[dsr_]

It seems likely that your grandfather was quoting someone else, or perhaps he published the quip widely.

The earliest reference I see in Google is from 1992, with an Arizona anti-Semitic pamphlet.

[miscreanity]

Probably, I always wondered but hadn't found anything from a cursory search - thanks.