Federal Money & State Influence: Navigating the Layers of Fiscal Federalism

90,000 government entities in the United States account for 40% of all economic activity while employing nearly 1 in 7 people in the country.  In a discussion on fiscal federalism, Jeffrey Clemens explores the optimal balance of $7 trillion in taxation and government spending across federal, state and local levels, weighing local decision-making and autonomy against federal and state funding and influence.