American Leftists Pursuing Leftist European Collapse...

polifrog




Government is too large and has stifled private sector productivity.

The well has run dry in Europe.

It is a fact that as government spending (as a percent of GDP) increases, real GDP growth decreases. So says the totality of the data provided by the IMF.  No Krugman-esk slicing an dicing of the data here:

Dan Mitchell of CATO has it right on FOX:









out

The Path to Economic Growth is Less Government Spending -- So Says the ... European Central Bank?

polifrog




The Study (PDF):

…we analyse a wide set of 108 countries composed of both developed and emerging and developing countries, using a long time span running from 1970-2008, and employing different proxies for government size… Our results show a significant negative effect of the size of government on growth. …Interestingly, government consumption is consistently detrimental to output growth irrespective of the country sample considered (OECD, emerging and developing countries).

The quote above was pulled directly from Dan Mitchell's International Liberty.







out