The Armey Curve was developed by United States Representative Richard Armey. The term describes the concept that in anarchy [when there exists no government], the economic output of a country is low, and in a country where all decisions are made by government, economic output of the country is low. Therefore, a mix of private and government decisions maximizes economic growth.
To read additional information, click on the Joint Economic Committee Study done by the United States Congress in 1998 called Government Size and Economic Growth. Additional information on the Armey Curve may be read in truthful politics by clicking on Should the U.S. Federal Government Downsize to Increase Economic Output? (and Additional Information on the Armey Curve).