I feel a bit like Goldilocks.
Think about when you were a kid and your parents told you the story of Goldilocks and the Three Bears.
And then she found a bed that was too hard, and then another that was too soft, before finding one that was just right.
Well, the reason I feel like Goldilocks is because I’ve shared some “Rahn Curve” research suggesting that growth is maximized when total government spending consumes no more than 20 percent of gross domestic product. I think this sounds reasonable, but Canadians apparently have a different perspective.
Back in 2010, a Canadian libertarian put together a video that explicitly argues that I want a government that is too big.
Now we have another video from Canada. It was put together by the Fraser Institute, and it suggests that the public sector should consume 30 percent of GDP, which means that I want a government that is too small.
My knee-jerk reaction is to be critical of the Fraser video. After all, there are examples - both current and historical - of nations that prosper with much lower burdens of government spending.