Government and Growth

It’s Holy Writ in some quarters that government just gets in the way of progress, with all those regulations and taxes, and smaller government, lower taxes (see my post just before this one), and less regulation are essential to economic success. As Mitt Romney said during one of his debates with Barack Obama, “the private sector always does it better.”

There’s a lot of de-bunkery around for that statement, the most recent being this commentary from economist Mariana Mazzucato.

Later,

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