Musings —04.05.2013 11:49 AM—
From the late 1960s to the early 1980s, Pierre Elliott Trudeau and his successor John Turner increased public spending as a share of GDP by 40%, while the more recent Liberal governments of Jean Chretien and Paul Martin decreased it by 32%.
The message is clear: The idea that the left is more spendthrift and the right is more thrifty just does not stand up to scrutiny. A major study from the early 1990s looking at 15 industrialized countries over a period of 28 years draws a similar conclusion.
Wow, eh? I’m tweeting this!