Friday , May 17 2024
Home / Naked Keynesianism / Size of government

Size of government

Summary:
Source: WEO, IMF Nothing earth shattering. Just the size of the average government spending as a share of GDP between 2001 and 2015 in a few developed countries, all of which, but one, have comprehensive health coverage. So it's reasonable to assume that if the US wanted that (healthcare for all), it would have to increase spending to something closer to 40% of GDP, for all levels of government, rather than the current 35% or so. Nothing implausible about that (wink, wink, nudge, nudge, say no more).

Topics:
Matias Vernengo considers the following as important: ,

This could be interesting, too:

Jodi Beggs writes Access to Birth Control Versus Affordable Birth Control- Choose Wisely…

James Kwak writes How Markets Work

James Kwak writes How Markets Work

James Kwak writes Soak the Poor, Feed the Rich

Size of government
Source: WEO, IMF

Nothing earth shattering. Just the size of the average government spending as a share of GDP between 2001 and 2015 in a few developed countries, all of which, but one, have comprehensive health coverage. So it's reasonable to assume that if the US wanted that (healthcare for all), it would have to increase spending to something closer to 40% of GDP, for all levels of government, rather than the current 35% or so. Nothing implausible about that (wink, wink, nudge, nudge, say no more).
Matias Vernengo
Econ Prof at @BucknellU Co-editor of ROKE & Co-Editor in Chief of the New Palgrave Dictionary of Economics

Leave a Reply

Your email address will not be published. Required fields are marked *