Liberty -vs- Spending
Monday, May 30, 2011
It's the liberty, not the spending, Stupid!
Strange the way we have to keep repeating things we've known for 235 years really.
If it sounds too good to be true, it isn't
...a one unit change in the initial level of economic freedom between two countries (on a scale of 1 to 10) is associated with an almost 1 percentage point differential in their average long-run economic growth rates. In the case of civil and political liberties, the long-term effect is also positive and significant with a differential of 0.3 percentage point.
In addition to the initial conditions, the expansion of freedom conditions over time (economic, civil, and political) also positively influences long-run economic growth. In contrast, no evidence was found that the initial level of entitlement rights or their change over time had any significant effects on long-term per capita income, except for a negative effect in some specifications of the model. These results tend to support earlier findings that beyond core functions of government responsibility—including the protection of liberty itself—the expansion of the state to provide for various entitlements, including so-called economic, social, and cultural rights, may not make people richer in the long run and may even make them poorer...
Merkel is being held up as some kind of Panjandrum but check her early history on wikipedia for some very interesting information
Posted by: Single Acts of Tyranny | Monday, May 30, 2011 at 02:08 PM