Damn thy government (1 Viewer)

[128shot]

Consider the possibility that government interventions reduced real economic growth 1% annually during this time. If there had been an additional 1% per year economic growth since 1959 then real GDP would currently be 55% higher than it is. The 2005 GDP of $12,479 billion would have been $19,342 billion. The median family income is estimated to be $44,389. A proportionate increase in this statistic results in a median income of $68,800

http://www.mises.org/story/2116

oh there is more.



Certainly the government has no right to do this, among other things it shouldn't have the right to do. Where is the outrage?!

 

[Iriemon]

http://www.mises.org/story/2116

oh there is more.

Certainly the government has no right to do this, among other things it shouldn't have the right to do. Where is the outrage?!

Outrage at what. A highly questionable assumption?

 

[128shot]

Outrage at what. A highly questionable assumption?

I don't see why mises would publish questionable material. Do you?


From what I gather out of the article, it seems like its government hindering growth again, and nobody ever protests that. Why not?

 

[Iriemon]

I don't see why mises would publish questionable material. Do you?

From what I gather out of the article, it seems like its government hindering growth again, and nobody ever protests that. Why not?

The author simply "considers the possibily" of 1% more growth, which translates to 30% improvement. He doesn't even purport to explain how or why the Govt is "hindering" growth that we should find outrageous. So no, I don't see anything to get outraged about.