Many anti-energy groups display little appreciation of the extent to which modern economies depend pervasively on the use of fossil fuels and petrochemical products.
Robert Higgs Quotes
If you have a private firm and you spend a ton of money to pay employees, but what you produce is a flop, there will be no value to GDP. But government spending all gets counted as contributing to economic growth. That's why in the early days of creating these measurements, some people didn't want to count government spending.
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| Birth: | 1st February, 1944 |
| Nationality: | American |
| Profession: | Economist, Historian |
About
Robert Higgsv is an American economic historian, economist combining the insights from the Public Choice, Institutional, and Austrian schools of economics, and a libertarian anarchist in political and legal theory and public policy.
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