> Doug: “The big rise in state& local gov spending happened in the 1960s. For federal spending, there was a rise in (non-cyclically adjusted) spending from around 16% of GDP in the early 1950s to around 20% in the early 1970s. Until the Great Recession, it's pretty much stayed there.”
> So I’m right then. There was no neo-liberal revolution.
Great scott, everything I thought I knew - it all turned out to be an illusion.