Yahoo Finance quoted Richard Pierce explaining that government spending is tied to laws, policies, and public programs.
Richard J. Pierce
Richard J. Pierce
Lyle T. Alverson Professor of Law
Contact:
2000 H Street, NW
Washington DC 20052
Professor Pierce is author of over twenty books and 130 articles on administrative law, government regulation, and the effects of various forms of government intervention on the performance of markets. His books and articles have been cited in hundreds of judicial opinions, including over a dozen opinions of the U.S. Supreme Court.
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BS, Lehigh University; JD, University of Virginia