Note that the U.S. has lower welfare spending, higher military spending
*and* lower government spending over all than Europe. Thus if the U.S.
government spent as much as the Europeans we could have just as large a
welfare and a warfare state. The fact that we don't indicates that at a
minimum the theory needs a few more variables.
Alex
--
Alexander Tabarrok
Department of Economics, MSN 1D3
George Mason University
Fairfax, VA, 22030
Tel. 703-993-2314
Web Page: http://mason.gmu.edu/~atabarro/
and
Director of Research
The Independent Institute
100 Swan Way
Oakland, CA, 94621
Tel. 510-632-1366
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