by Mike Kimel Presidents, Tax Burdens, and the Subsequent Economic Growth Over the years, I’ve posted variations of the graph below a few times: Figure 1 The graph shows the change in the tax burden (i.e., current federal receipts / GDP) from the year before an administration took office to its second year in office […]

lifted from comments by spencer on Mike Kimel’s post Very bad economic theory (historiography) From Real Civilian GDP in July this year. From 1933 to 1950 real civilian GDP grew at a 5.6% growth rate even though it fell -18.4% and -14.8% in 1943 and 1944 — a decline about the same as the drop […]