If I had any.
Trigger Warning: HuffPo Stupidity
The Proper Size of Government is Big
To wit, the wealthiest nations on earth include a significant public sector, bar none. There are roughly 200 countries in the world today and the 34 member nations of the Organization for Economic Cooperation and Development have the highest living standards with an average total public sector of roughly 46% as a percentage of their GDP; the United States is now about 40% and in the lower third of these major countries.
Mr. Asset Manager needs to learn the difference between correlation and causation, and proper sequence of cause and effect.
GDPs are not big because of the wonders of huge tax and regulatory burdens imposed by Big Gov. Large GDPs are the only ones that can support parasitic big governments.
Big Gov swarms and latches onto productive economies because, as the man said, “That’s where the money is.”
Perhaps Roumell isn’t really an idiot. He might just be an opportunistic bastard who pushes heavy investment in .gov bonds. You need big governments for that.