The idea that the state has been shrinking for 40 years is a myth
The idea that the state has been shrinking for 40 years is a myth The writer, Morgan Stanley’s leading global investment management strategist, is the author of ‘The Ten Rules of Successful Nations’. The usual wisdom is that US President Joe Biden end The “era of small government” created by Ronald Reagan and Margaret Thatcher in the 80s and unlimited free market capitalism. But that time is a myth. Since 1980, government spending In the US, the UK and other developed economies, gross domestic product has risen slightly as part of gross domestic product. Deficits have gone from bein...
Source: wiredprnews.com