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Michael Boskin, the former head President George Bush's Council of Economic Advisers, said last night that government bureaucracy stands in the way of economic growth.
"A highly bureaucratic, centralized, totalitarian manner of government cannot produce a successful economy," Boskin said.
"Decentralization is not an easy battle, especially when it deals with governmental regulation on local, state and national levels," he said.
Boskin, who is an economics professor at Stanford University, gave a speech titled "The Sense and Nonsense in American Economic Policy" to an audience of about 60 people in the Rockefeller Center for the Social Sciences.
Boskin discussed ways to decentralize the national government and decrease the national deficit while also balancing the federal budget.
Boskin said the United States has had a huge problem balancing the budget in the later part of the 20th century.