Look At The GDP Growth We'd Get From Less Government

Look At The GDP Growth We’d Get From Less Government by Robert P. Murphy, Foundation For Economic Education

Americans Need Not Tolerate Low Growth

There’s infighting on the political left over the feasibility of presidential candidate Bernie Sanders’s economic policy proposals. Four former chairs of the Council of Economic Advisors to Democratic presidents (Laura D’Andrea Tyson, Christina Romer, Austan Goolsbee, and Alan Krueger) — and Paul Krugman for good measure — chastised University of Massachusetts economist Gerald Friedman for his rosy predictions of prosperity under the democratic socialist’s presidency. The original salvos were eventually elaborated on in a more formal critique and then response, but initially the primary objection from critics such as Krugman...