Tuesday, August 23, 2011

Contra Conventional Measures of the Growth of Government - Robert Higgs - Mises Daily

Contra Conventional Measures of the Growth of Government - Robert Higgs - Mises Daily: "That is, why should government's transfer spending increase whenever the economy's output of final goods and services increases? Indeed, such constancy would seem to betoken a kind of relative growth of government in its own right, inasmuch as people in a more productive economy presumably can get by more readily without government assistance; hence, as a rule, the ratio of transfers to GDP might be expected to fall in a growing economy rather than rise or even remain constant."

"people occupied with regulatory compliance are not truly privately employed"

No comments: