> high economic growth is largely caused by low government spending not true...anybody with such simplistic economic opinions should really just do an 101 on economics leaving your country? to go where? and once your there, what are you gonna do?
Tell HN: Leaving your country is your only real leverage
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Re: Tell HN: Leaving your country is your only real leverage
#12> high economic growth is largely caused by low government spending not true...anybody with such simplistic economic opinions should really just do an 101 on economics leaving your country? to go where? and once your there, what are you gonna do?
it’s true tho. https://julienreszka.github.io/economic-simulator/armey-curv...
As evidence you refer to your own site?
Re: Tell HN: Leaving your country is your only real leverage
#13Re: Tell HN: Leaving your country is your only real leverage
#14Earlier quoted context omitted.
As evidence you refer to your own site?
so? it’s open source you can reproduce the research findings. i did the research so don’t claim i don’t know the subject
Did you ask an ai to critique? Gemini have some points that weren't addressed in the post (which I barely skimmed), here's the summary of summary of summary:
Omitted Variable Bias: Conflates development stage with state size. Developing nations have small governments and high catch-up growth; mature economies have large safety nets and slower frontier growth.
Bad Extrapolation: The power-law model predicts ~36% growth at 0% spending. In reality, 0% spending means a failed state with no property rights or rule of law.
Lacks Basic Controls: Ignores panel fixed effects, reverse causality (Wagner's Law), and bundles productive infrastructure with welfare transfers.
Re: Tell HN: Leaving your country is your only real leverage
#15Re: Tell HN: Leaving your country is your only real leverage
#16Earlier quoted context omitted.
so? it’s open source you can reproduce the research findings. i did the research so don’t claim i don’t know the subject
Did you ask an ai to critique? Gemini have some points that weren't addressed in the post (which I barely skimmed), here's the summary of summary of summary: Omitted Variable Bias: Conflates development stage with state size. Developing nations have small governments and high catch-up growth; mature economies have large safety nets and slower frontier growth. Bad Extrapolation: The power-law model predicts ~36% growt…
it’s addressed in the artixle but probably gemini has not large enough context windown the article is pretty long (30min read)
Re: Tell HN: Leaving your country is your only real leverage
#17I've lived in 6 countries and think everyone should spend time abroad. However, I don't buy this specific premise. - Low government spending can just as much lead to stagnation, poor infrastructure, poor healthcare and education. - It's a global statement, but there are huge local variations that can make a big difference to economic environment. Living in a big city with a deep ecosystem around a specific sector wil…
investing in education has barely an effect on economic growth. to give you an example
working as average cashier in switzerland is better economically than being average engineering manager in France
Re: Tell HN: Leaving your country is your only real leverage
#18> high economic growth is largely caused by low government spending
how? if theres any negative effect its down to higher tax rates so you cant say its directly caused by higher spending.
china has seen incredible growth because their government decided to give out loans with extremely low interest to anyone working in a strategic industry like open weight ai today, electric cars 5 years ago or batteries and phones before that. you can argue that loans are not spending because they get paid back, but its still heavy state involvement going against orthodox neoliberal thought.
imo what matters is not the amount of spending but how its used. a smart country will use it to invest in domestic industry and create state owned companies (that will return a small profit to the budget and force down prices with competition), or give it away to citizens and raise their quality of life. stupid countries like america give all their money to military contractors and for profit hospitals because the market is sacred and cant be touched.
and im not sure gdp growth affects your personal economic situation that much. what matters is wages, cost of living and buying power of the currency you get paid in. if you feel like you dont get paid enough try switching jobs first before you switch countries, i know its hard today but not harder than moving to a brand new place out of political conviction.
Re: Tell HN: Leaving your country is your only real leverage
#19[deleted]
Re: Tell HN: Leaving your country is your only real leverage
#20I've lived in 6 countries and think everyone should spend time abroad. However, I don't buy this specific premise. - Low government spending can just as much lead to stagnation, poor infrastructure, poor healthcare and education. - It's a global statement, but there are huge local variations that can make a big difference to economic environment. Living in a big city with a deep ecosystem around a specific sector wil…
investing in education has barely an effect on economic growth. to give you an example working as average cashier in switzerland is better economically than being average engineering manager in France
> investing in education has barely an effect on economic growth
Can you provide some evidence for this statement?
Like, imagine a country where 50% of the population was illiterate. Would one expect to see lots of white collar workers in this country?