Conventional measures of the size and growth of government often understate what they purport to measure. As government spending grows, government spending relative to gross domestic product tends to decelerate because government spending enters into both the ratios numerator and its denominator; and government employment relative to total employment suffers similar and additional flaws.
|Other Independent Review articles by Robert Higgs|
|Fall 2014||Ronald Coase, Anomalous Superstar of the Economics Profession|
|Summer 2014||The Feds Immiseration of People Who Live on Interest Earnings|
|Spring 2014||The Salmon Trap: An Analogy for Peoples Entrapment by the State|
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