Yes, cutting spending/raising taxes (aka austerity) is anti-correlated with GDP growth.
My point is more so that micro vs macro policy (whether economic or health-related) cannot be reduced to simply “add up the parts”. To take a specific example, the push to make us all eat margarine instead of butter because it contains less saturated fat was almost certainly a mistake.
Yes, cutting spending/raising taxes (aka austerity) is anti-correlated with GDP growth.
My point is more so that micro vs macro policy (whether economic or health-related) cannot be reduced to simply “add up the parts”. To take a specific example, the push to make us all eat margarine instead of butter because it contains less saturated fat was almost certainly a mistake.