Today’s video is a panel of four economists at the conference in Switzerland in the spring of 2016, chaired by a journalist. The economists are Michael Tanner (USA), CATO Institute; Daniel J. Mitchell (USA), CATO Institute; Robert B. Reich (USA), UC, Berkeley; and Reiner Eichenberger (Switzerland), Ökonom. Moderation: Alexandra Borchardt (D), a German journalist.
The video is 45 minutes. Among other things, they discuss the loss of jobs to automation, the need for welfare reform, and issues around financing and implementation. The last 15 minutes they take questions from the audience. One tidbit: the smallest government spending (e.g. Hong Kong, Singapore) is about 20% of their GDP. Switzerland’s government spends 34% of their GDP; France’s government spends 57% of their GDP. (By my calculations Canada’s governments, all levels combined, spend a combined 25% of our GDP, but I could be wrong.) One of them asks if taxpayers in any of these countries are getting their money’s worth. How do you decide?
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