Canada and the 20th Theorem of Government | International Liberty

Canada and the 20th Theorem of Government | International Liberty -  Dan Mitchell
I’ll eliminate all suspense by stating that the numbers are not good...

• But the second part of the 20th Theorem states that “Whenever there is fiscal deterioration, excess spending growth is the cause.” So Canada definitely qualifies.
• Moreover, bad fiscal policy over a decade adds up. Government is now consuming 44.24 percent of GDP compared to 38.37 percent of economic output in 2014.

Do the same thing for the next 10 years and Canada will be like France or Italy.

• Second, bad fiscal policy leads to bad economic outcomes.

In an article for the Daily Economy, John Phelan shared some depressing charts, including this comparison of per-capita GDP growth in G-7 nations.

Why has Canada done poorly?...