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Argument: Small governments have higher per capita income

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Supporting quotations

Milton Friedman. "The Hong Kong Experiment." The Hoover Institution. 1998: "According to the latest figures I have, per capita income in Hong Kong is almost identical with that in the United States. [...] That is close to incredible. Here we are—a country of 260 million people that stretches from sea to shining sea, with enormous resources, and a two-hundred-year background of more or less steady growth, supposedly the strongest and richest country in the world, and yet six million people living on a tiny spit of land with negligible resources manage to produce as high a per capita income. How come? [...] The explanation is the same as for Britain and Israel. Direct government spending is less than 15 percent of national income in Hong Kong, more than 40 percent in the United States."

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