Big government's harmful effect on GDP growth

Discussion in 'Politics & Religion' started by Ricter, May 3, 2012.

  1. Ricter

    Ricter

    <img src="http://graphics8.nytimes.com/images/2012/05/03/opinion/050312krugman3/050312krugman3-blog480.jpg">
     
  2. jem

    jem

    are you supporting my point from previous threads?


    the outlier being israel which gets to spend a lot of U.S. dollars.

    Otherwise I see a bunch of high gdp spending a lot of no growth or contraction. The strong looking economies seem to cluster around lower govt spending to gdp ratio. Just like I argued for, in previous threads with you.

    I also see a country like sweeden doing ok, which some commentators are saying is shrinking its govt to gdp ratio.
     
  3. Ricter

    Ricter

    You see strong correlation in that plot?
     
  4. rew

    rew

    There is a slight downtrend once you drop out the U.S. taxpayer supported outlier, Israel. What nearly all the countries on that plot have in common is more debt than they'll ever pay back.
     
  5. Lucrum

    Lucrum

    Exactly.
     
  6. Ricter

    Ricter

    Yep. I owe you a shitload, and you owe a guy a shitload, and that guy owes me a shitload.
     
  7. Lucrum

    Lucrum

    An "argument" you've tried using many times before. Only it doesn't work.
     
  8. rew

    rew

    I only owe a shitload because of the damn politicians putting me on the hook so they can buy votes. My personal debt in all forms is zero.