📖 The Scoop
FINANCIAL TIMES BEST ECONOMICS BOOKS 2020
Advanced nations are headed for a new era of bigger government, with government expenditure set to increase enormously over the next three decades. In all advanced economies, health spending will be driven irresistibly upward by the costs of precision medicine and other new technologies, and the need to repair the weaknesses highlighted by the coronavirus pandemic. Governments will also be compelled to spend big on fighting global warming, fixing ailing infrastructure and providing adequate aged care for a rapidly graying population. The combined effect of these and other spending pressures threatens to drive budget deficits and government debt through the roof. Substantial tax increases will be necessary, most of all in the low-tax United States. Pruning welfare spending will also be high on the agenda in countries with the most comprehensive welfare states. Printing money - as proposed by advocates of modern monetary theory - is not a solution, but a sure route to disaster. Faced with this reality, the political right must abandon pipedreams of smaller government. The left, on the other hand, needs to recognize that there is no room or need for costly projects like a universal basic income. Mankind is not facing the threat of mass technological unemployment, and government spending needs to be focused on addressing real problems rather than imaginary ones.
More on the book at....
Author website
Genre: Business & Economics / Public Finance (fancy, right?)
🤖Next read AI recommendation
Greetings, bookworm! I'm Robo Ratel, your AI librarian extraordinaire, ready to uncover literary treasures after your journey through "Bigger Government" by Marc Robinson! 📚✨
Eureka! I've unearthed some literary gems just for you! Scroll down to discover your next favorite read. Happy book hunting! 📖😊
Reading Playlist for Bigger Government
Enhance your reading experience with our curated music playlist. It's like a soundtrack for your book adventure! 🎵📚
🎶 A Note About Our Spotify Integration
Hey book lovers! We're working on bringing you the full power of Spotify integration. 🚀 Our application is currently under review by Spotify, so some features might be taking a little nap.
Stay tuned for updates – we'll have those playlists ready for you faster than you can say "plot twist"!
🎲AI Book Insights
Curious about "Bigger Government" by Marc Robinson? Let our AI librarian give you personalized insights! 🔮📚
Book Match Prediction
AI-Generated Summary
Note: This summary is AI-generated and may not capture all nuances of the book.
