Tag: New York
Bureaucratic Incompetence and the Coronavirus: New York Edition

Why have so many politicians and bureaucrats responded to the coronavirus pandemic by shutting down so much commerce that millions of Americans have been thrown out of work? Economist John Cochrane answers that question and doesn’t mince words in describing the government failure that is creating the coronavirus recession.

$2 Trillion Debt Crisis Threatens 100 U.S. Cities

In a new article in the London Guardian, “$2 Trillion Debt Crisis Threatens to Bring Down 100 U.S. Cities,” Elena Moya reports that “Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the U.S. economic recovery. Nor are European cities safe—Florence, Barcelona, Madrid, […]

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