No major surprise: government spending and high taxes has Austria ranked 22nd in this year’s Index of Economic Freedom – right above Germany. In part due to recent unprecedented large stimulus plans, the world experienced for the second time in the history of the Index’s publishing an overall decreased of economic freedom.
Terry Miller’s presentation of the Index at the Hayek Institute pointed out that despite large government spending to promote growth, early evidence has shown that increase in spending has undoubtedly the negative effect –
yet another attestation of delusionary Keynesian economics propaganda.