Rahn curve

The Rahn curve is a graph used to illustrate an economic theory, proposed in 1996 by American economist Richard W. Rahn, which indicates that there is a level of government spending that maximises economic growth. The theory is used by classical liberals to argue for a decrease in overall government spending and taxation. The inverted-U-shaped curve suggests that the optimal level of government spending is 15–25% of GDP.[1][2]

Rahn Curve

References

  1. Richard Rahn and H. Fox: What Is the Optimal Size of Government Archived 2016-03-04 at the Wayback Machine, ime.bg, 1996.
  2. The Rahn Curve and the Growth-Maximizing Level of Government, video by Center for Freedom and Prosperity, freedomandprosperity.org; June 29, 2010. with subtitles, dotsub.com.

See also

gollark: Also, you did make sure to set the cookie to have an unreasonably long expiry time, not just leave it as a session one?
gollark: You realise that people don't actually read documentation?
gollark: oh βe.
gollark: <@!160279332454006795> Did you *get* a ticket?
gollark: javascript_irł
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.