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Things That Should Make Us Very Nervous

Nicole Gelinas at City Journal asks an excellent question, “Is it not daft to lend New York and California one more dime?” In the past two years tax revenues have plummeted. Overall state and local...

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How Bell, California’s City Council Got Their Pay Raises

NPR reports that in the city of Bell, California three city administrators agreed to resign after residents expressed outrage over their salaries. City Administrative Officer Robert Rizzo earns...

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Saving Playgrounds and Amphitheaters

In the coming years expect more of these kinds of discussions in local government.  Revenues are sluggish to modest. The recovery is weak. Spending growth in entitlements guarantees a future with...

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Why Do Some Cities Grow and Others Not?

In 1980, Austin, Texas, and Syracuse, New York, were roughly the same size. The Austin metro area had a population of about 590,000, and the Syracuse metro area had about 643,000 residents. By 2007,...

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Tennessee Valley Authority downgraded by S&P

The Tennessee Valley Authority (TVA)’s bond rating has been downgraded from AAA to AA+, though, “the fundamental financial strength of the TVA is unchanged.” The TVA is a wholly-owned entity of the...

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Economic Freedom In Decline

Today, the Fraser Institute released the 2011 version of the Economic Freedom of the World report. Authored by James Gwartney of Florida State University, Robert Lawson of Southern Methodist...

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Getting People Back to Work

Germany’s unemployment rate is only 6.2 percent today. This is pretty remarkable given the severity of the recent recession, the slow growth of Germany’s trade partners (including the U.S.) and the...

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Microfinance for urban entrepreneurs

I’m at the Living Cities 20th Anniversary today, liveblogging on the discussions that panelists are having here. This post originally appeared at Next American City. Patrick McCarthey of the Annie E....

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Local Governments in the United States

From an article in Stateline: There are 89,476 local governments in the United States. They include counties, cities, villages, towns and townships, as well as special districts that handle utilities,...

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The USPS: A Business or a Welfare Organization?

In our oped in the Chicago Tribune yesterday, Maurice McTigue and I argue that Congress needs to decide if it wants the USPS to be an independent business or a taxpayer-supported welfare organization....

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Trust Me On This One

Think about how often you depend on the kindness trust of strangers. You can walk into a restaurant, order the most expensive item on the menu and leisurely eat it without offering up any sort of...

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Property Rights and Coffee in El Salvador

In this week’s New Yorker,  Kelefa Sanneh details the work of Aida Batlle, a Salvadoran entrepreneur. (Unfortunately only part of the article is available online, but the entire story is a great read)....

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Economists Agree – Illegality Increases the Street Price of Drugs

The University of Chicago’s Booth School of Business launched a website earlier this year titled The Initiative on Global Markets. The purpose of this website is to explore the extent to which...

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Down With One-Dimensional Politics!

Last Sunday, ABC’s This Week ran a new segment titled “The Great American Debates.” It featured George Will and Paul Ryan debating Barney Frank and Robert Reich on the question: “There is too much...

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New Public Choice Papers

Last week I attended the annual Public Choice Societies conference in Miami, Florida. Among the most interesting papers were: “Does Economic Freedom Foster Tolerance?” by Niclas Berggren and Therese...

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Economic Freedom and Well-Being Across U.S. States

From new research by R. W. Hafer and Ariel Belasen, both of Southern Illinois University: There is ample evidence that well-being, measured in various ways, is positively related to economic freedom...

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Puerto Rico Secretary of State on Government Reform

On my last post about government reform in Puerto Rico, a commenter pointed out that some of the trends indicating that the territory’s government is shrinking have reversed in the past year. Indeed,...

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If You Are Successful, Did You Do It On Your Own?

A lot of people are upset with the President’s remarks from last weekend. Here is what the President said: [L]ook, if you’ve been successful, you didn’t get there on your own. You didn’t get there on...

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The Study of American Capitalism

(Note to readers: Three talks in three states over the last week have made me a terrible blogger. Thankfully, Eileen and Emily have stepped up where I have stepped down.) Mercatus has now organized its...

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Economic Freedom and Economic Privilege

Last week, the Wall Street Journal and the Heritage Foundation released their annual Index of Economic Freedom by Terry Miller, Kim Holmes, and Edwin Feulner. I was delighted to contribute a chapter on...

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