polifrog
Although similar, a Laffer Curve it is not. The Rahm curve focuses on government spending and the point at which that spending maximizes economic output; is it 10% of GDP or closer to 90% of GDP? History provides the answer even if the present does not.
Yes, we need a modicum of government but, once again, more is not always better.
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Saturday, December 10, 2011
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