Naked Economics

I've been reading an excellent book called "Naked Economics" by Charles Wheelan. I ran across this today in it and thought I'd share it:

"Harvard economist Robert Barro's classic study of economic growth in roughly one hundred countries over three decades found that government consumption - total government spending excluding education and defense - was negatively correlated with per capita GPD growth. He concluded that such spending (and the required taxation) is not likely to increase productivity and will therefore do more harm than good." - page 211

Naked Economics:

-- Steve