> 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 b…
it's a long read https://julienreszka.github.io/economic-simulator/armey-curv...