Читать книгу Northern Light: Lessons for America from Canada's Fiscal Fix - Robert P. Murphy - Страница 20

The final lesson from Canada is its move to a smaller role for the federal government. Starting in the early 1970s the two countries spent similar shares of GDP on their respective federal governments. Yet from 1996 onward, a widening gap developed. Clearly, if the United States is to mirror the Canadian approach to fiscal reform, the federal government needs to drastically reduce its role in the economy.