Does Big Gubmint Cause Budget Problems? Doesn’t Look Like It…
December 2nd, 2011
Tax-to-GDP ratio and bond yields in OECD countries
Tax-to-GDP ratio and bond yields in OECD countries (excluding Greece)
In fact, governments that tax sufficiently to pay their bills have lower borrowing costs. Go figger.
More here: The welfare state is not to blame for the Euro crisis « We are all dead..
