There is no free in liberty.


Saturday, December 10, 2011

Exploring Government's Growth-Maximizing Level Via the Rahn Curve:


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.


No comments:

Post a Comment