Speaking of things that are over: economic growth. Per-capita will not go higher than 2008 for generations to come.
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China's growth was swotting up on how the West did things. It won't be able to come up with new growth on its own.
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When you calculate cost of government, https://danieljmitchell.wordpress.com/2012/04/10/the-laffer-curve-shows-that-tax-increases-are-a-very-bad-idea-even-if-they-generate-more-tax-revenue/ … you get numbers like $1 of tax costs $20 of GDP.
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GDP has its problems as a measure, but I do think we pretty clearly need to scale back total govt overhead
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Which is impossible.https://twitter.com/mammothfactory/status/779699090124922880 …
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