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Boskin on Government and Growth
futureofcapitalism.com

Stanford economist Michael Boskin looks at the U.S., Canada, the United Kingdom, and France: "What about economic performance, as measured by real GDP per capita? The four countries rank exactly in inverse order of their government spending shares (according to both 2009 and pre-crisis 2007 data), with the US highest, followed by Canada, the UK, and France....The size of the welfare state – and the erosion of incentives to work, save, and invest, owing to high taxes and bloated transfer payments – is a major impediment to faster income growth."

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Boskin on Government and Growth
futureofcapitalism.com

Stanford economist Michael Boskin looks at the U.S., Canada, the United Kingdom, and France: "What about economic performance, as measured by real GDP per capita? The four countries rank exactly in inverse order of their government spending shares (according to both 2009 and pre-crisis 2007 data), with the US highest, followed by Canada, the UK, and France....The size of the welfare state – and the erosion of incentives to work, save, and invest, owing to high taxes and bloated transfer payments – is a major impediment to faster income growth."

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Michael Boskin

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