Wednesday, October 15, 2014

US compares favorably with France in terms of big government

The U.S. is not yet that bad [in terms of Government intervening in private sector]. But say from 1930 government spending as a percent of the economy has gone from 7.8 percent to now over 41 percent. 

It compares favorably with France which is now at 57 percent.

But the bigger the government is, the less dynamic the economy can be and the less gross there will be. But the governments don’t see that way.