“Government size is period dependent, invalidating cross-temporal comparisons. At no point have governments been more effectively intrusive, thanks to technology. In Europe, governments account for 40–50% of GDP (higher in France particularly if you include education). In the U.S., it’s higher than reported when you include local government and recent interventions. A century ago, governments were under 15% of GDP, often less than 5%.” – Nassim Taleb (20250923)
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