by Yaron Brook and Don Watkins. John Maynard Keynes—not exactly history’s greatest opponent of government spending—is reported to have said he would be worried if government outlays ever surpassed 25 percent of GDP. Well, in recent years both American and British government expenditures have hovered around 40 percent of GDP. The bulk ... MOREThe Dog-Eat-Dog Welfare State Is Lose-Lose
by Yaron Brook and Don Watkins. John Maynard Keynes—not exactly history’s greatest opponent of government spending—is reported to have said he would be worried if government outlays ever surpassed 25 percent of GDP. Well, in recent years both American and British government expenditures have hovered around 40 percent of GDP. The bulk ... MORE