This from some current research:
There are working examples of how cutting back on the state improves the economy. We need to spend more time studying those.
Feel free to forward this by email to three of your friends.
Several factors were at work during the 1986-1990 credit-infused boom that ended in the depression of 1990-1994. Some factors had no inflationary effect or even a deflationary effect, but other factors, especially those that relate to government policy, or are driven by government policy, were strongly inflationary and quite substantial. ...
Sweden is an interesting case to study. We do indeed, as Krugman repeatedly tells us, have much to learn from it: from the long-lasting era of economic growth thanks to free markets to the rise and fall of the welfare state. The country’s recently regained financial strength and its ability to resist a global recession are due, not to a strong welfare state as Krugman claims, but to the long-term rolling back of the expansive welfare that Keynesians so often praise.
There are working examples of how cutting back on the state improves the economy. We need to spend more time studying those.
Feel free to forward this by email to three of your friends.
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