Government spending should be less than 15% of GDP

Very interesting video.

“Rahn Curve” Video Shows Government Is Far Too Big

Posted by Daniel J. Mitchell

There is considerable academic research on the growth-maximizing level of government spending. Based on a good bit of research, I’m fairly confident that Cato’s Richard Rahn was the first to popularize this concept, so we are going to make him famous (sort of like Art Laffer) in this new video explaining that there is a spending version of the Laffer Curve and that it shows how government is far too large and that this means less prosperity.

Daniel J. Mitchell • June 29, 2010 @ 10:35 am