Professor Mark J. Perry's Blog for Economics and Finance
The video above is Part II of a series on government spending, and this segment focuses on real-world evidence about the negative impact of government spending on economic performance, featuring Dan Mitchell of The Cato Institute. Part I is available here.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
5 Comments:
Why was not Norway chosen in the comparison? It has both higher per capita income and lower unemployment rate than any of the "cherry picked" countries...
anon: why don't you enlighten us all with your evidence?
Isn't Norway's higher income per capita mostly a function of lots of oil revenues spread across a fairly small population?
Sure, let's add Norway in. So you get 1 outlying data point, and many more supporting the theory.
I did not have time to dive into all the detail or visit all of the links and read that stuff. I wish the synopsis had said how government money was spent.
Despite what the blog entry says, I still believe that taxes are investment. When you pay tax dollars, you are investing in the government. The government in turn takes your tax dollars and invest in the country at large.
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