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Comparing it to GDP doesn’t seem to make sense. Maybe to government revenue.
by mondrian 1y ago
Comparing it to GDP doesn’t seem to make sense. Maybe to government revenue.
- AnimalMuppet 1y agoNo, the claim was that it has outgrown the private sector. GDP is in fact a good proxy for that claim. Outgrowing government revenue is a different claim.
- neffy 1y agoNo, it does make sense. Most of the purported growth in government spending is just using raw figures, and not correcting for either inflation or monetary expansion. It is a convenient mistake.