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..

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