Lies, Damn Lies, and Conventional Measures of the Growth of Government
By Robert Higgs
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 2019||Pressure-Release Valves in Participatory Fascism|
|Winter 2018/19||Two Worlds: Politics and Everything Else|
|Fall 2018||Against the Whole Concept and Construction of the Balance of International Payments|
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