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> high economic growth is largely caused by low government spending not true...anybody with such simplistic economic opinions should really just do an 101 on e
by pestatije 3mo ago
> high economic growth is largely caused by low government spending
not true...anybody with such simplistic economic opinions should really just do an 101 on economics
leaving your country? to go where? and once your there, what are you gonna do?
- onetokeoverthe 3mo ago[dead]
- julienreszka 3mo agoit’s true tho. https://julienreszka.github.io/economic-simulator/armey-curve.html https://julienreszka.github.io/economic-simulator/armey-curv...
- beardyw 3mo agoAs evidence you refer to your own site?
- tanker_war 3mo agoStuff like this is why I always read to the bottom of the comments. People on HN are really something.
- red-iron-pine 3mo agobots? or "engineer's disease" writ large? you be the judge
- julienreszka 3mo agoso? it’s open source you can reproduce the research findings. i did the research so don’t claim i don’t know the subject
- mmmmbbbhb 3mo agoDid you ask an ai to critique? Gemini have some points that weren't addressed in the post (which I barely skimmed), here's the summary of summary of summary: Omitted Variable Bias: Conflates development stage with state size. Developing nations have small governments and high catch-up growth; mature economies have large safety nets and slower frontier growth. Bad Extrapolation: The power-law model predicts ~36% growth at 0% spending. In reality, 0% spending means a failed state with no property rights or rule of law. Lacks Basic Controls: Ignores panel fixed effects, reverse causality (Wagner's Law), and bundles productive infrastructure with welfare transfers.
- julienreszka 3mo agoit’s addressed in the artixle but probably gemini has not large enough context windown the article is pretty long (30min read)