By Mary Theroux | Thursday November 19, 2009 at 4:20 PM PST | 1 Comment
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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Tags: bankrupt, Budget and Tax Policy, California, Charity, cities, Civil Society, Drugs, Economics, Education, Employment, Free Market, Labor, Land use, Police, Politics, Privatization, Regulation, Urban Issues
By Peter Klein | at 8:22 AM PST | 5 Comments
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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Tags: Bailouts, Budget and Tax Policy, Economic Policy Institute, Economics, Employment, Government subsidies, joblessness, Keynesian economics, Labor, Obama, Presidential Power, stimulus, Unemployment