Optimal size of government?

 
More Than Mortal | d-d-d-DANK ✑ πŸ”₯πŸ”₯πŸ”₯ 🌈πŸ‘
 
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The first person to really try and put a number on the optimal size of government was Milton Friedman, who estimated it was somewhere between 15pc and 50pc of GDP.

What does the research say? Karras (1997) puts the optimal size of government for the representative European country at 16pc, with variation 3pc either way. Gunlap and Dincer (2005) find that it is 17.3pc (again with 3pc variation) for transition economies. Peden (1991) pegs the historically optimal level of government expenditure with respect to productivity growth at 20pc. Scully (1994) finds the optimum to be between 21.5pc and 23pc. And finally Gwartney et al. (1998) find the optimum to be just 15pc.

This is the research I'm aware of; I'm open to other literature.

 
 
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Quote from: challengerX on April 11, 2016, 10:20:26 AM
Why do you say "pc" instead of %?
I picked it up a few years back and it just stuck.

I do it so quickly and without thinking now that it's just not worth typing the actual sign.

 
 
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This is the way the world ends. Not with a bang but a whimper.
Quote from: challengerX on April 11, 2016, 10:22:53 AM
Quote from: Meta Cognition on April 11, 2016, 10:22:02 AM
Quote from: challengerX on April 11, 2016, 10:20:26 AM
Why do you say "pc" instead of %?
I picked it up a few years back and it just stuck.

I do it so quickly and without thinking now that it's just not worth typing the actual sign.
But the sign is there on your keyboard, you don't need to type it.
I know, but just typing "pc" is quicker for me than having to hit shift-5. Especially since I had to double check which key the sign is on.

 
 
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This is not the greatest sig in the world, no. This is just a tribute.
15% sounds pretty acceptable.
I think we should strive for 10 though.

 
 
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This is the way the world ends. Not with a bang but a whimper.
Quote from: challengerX on April 11, 2016, 10:24:43 AM
Quote from: Meta Cognition on April 11, 2016, 10:23:53 AM
Quote from: challengerX on April 11, 2016, 10:22:53 AM
Quote from: Meta Cognition on April 11, 2016, 10:22:02 AM
Quote from: challengerX on April 11, 2016, 10:20:26 AM
Why do you say "pc" instead of %?
I picked it up a few years back and it just stuck.

I do it so quickly and without thinking now that it's just not worth typing the actual sign.
But the sign is there on your keyboard, you don't need to type it.
I know, but just typing "pc" is quicker for me than having to hit shift-5. Especially since I had to double check which key the sign is on.
I'm just saying, it's a little weird looking.
Your mom's a little weird looking.

 
 
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10-20% of tax.

 
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You mean economically or how involved they should be in our lives? I think this is a pretty broad question that can't really be quantified without specificity.

 
 
 
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This is the way the world ends. Not with a bang but a whimper.
Quote from: Flee on April 11, 2016, 11:00:21 AM
And what is the typical size of developed governments?
The top eleven countries on the HDI, with their government sizes, are as follows:

1. Norway: 43.6pc
2. Australia: 25.8pc
3. Switzerland: 29.4pc
4. Denmark: 49pc
5. Netherlands: 39.8pc
6. Germany: 41pc
7. Ireland: 30.8pc
8. United States: 26.9pc
9. Canada: 32.2pc
9. New Zealand: 34.5pc
10. Singapore: 14.2pc
11. Hong Kong: 13pc

As an aside, dirty regressions of HDI and Economic Freedom Rankings return a R^2 of >0.5.

Spoiler

 
 
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This is the way the world ends. Not with a bang but a whimper.

 
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If I'm not here, I'm doing photography. Or I'm asleep. Or in lockdown. One of those three, anyway.

The current titlebar/avatar setup is just normal.
I was gonna mention post-WWI German Republic would be too large seeing as no-one could maintain a majority, but then I realised you want it in terms of the economy.

Jesus, wonder what the % of government size to GDP of that was if they had hyperinflation and a debt crisis...

 
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Gimme Norway.

 
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Quote from: Jeremiah Johnson on April 11, 2016, 02:57:13 PM
Quote from: Verbatim on April 11, 2016, 02:54:57 PM
Gimme Norway.
Nah dude, you want to live in Sweden and commute to Norway for work or something.

The Scandis on /int/ tell me everything there is like retard-tier expensive compared to neighboring countries.

I have literally spent over ten dollars for a bottle of beer there.

 
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Did he say glass of juice or gas the Jews?
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It should be small enough where you can drag it into the bathroom and drown it in the bathtub.