There’s been a rather silly news item floating around the internets and business press today about the role of government in the US economy. Here’s an example from the Investors Business Daily: Is America Becoming A Welfare Nation? More than one-third of all wages and salaries in this country are actually government handouts. We should […]

Hat tip Economist’s View for Lane Kenworthy’s post on growing the GDP and distribution of the benefits. It is also related to concpts determining trade policies: None of these countries significantly increased the share of GDP going to government transfers. What happened is that some nations did more than others to pass the fruits of […]