As cities across the country face growing deficits, instead of their current strategy of raising taxes and cutting services, they might like to take a look at a few case study examples of how those before them solved their challenges. As an example, ten years ago we hosted the then-mayors of Indianapolis, Stephen Goldsmith,...
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How many jobs has the “stimulus” package created? Sensible economists of course know this question cannot possibly be answered. Government spending directs resources toward politically favored projects at the expense of others, but the net effect on resource allocation, including the net effect on “jobs”—a heterogeneous category that depends on hours worked, job characteristics,...
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