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|
|Summer 2017||Moderation in Response to Provocation Is No Vice|
|Winter 2017||First, Do No Harm|
|Fall 2016||Can the State Enforce Virtuous Behavior?|
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