Introducing competition into Texas’ retail and wholesale electricity markets has made Texas the greatest success story in the United States-if not the world. That success is largely due to policymakers’ willingness to let markets work and not manipulate prices or other policies for political reasons.
Supermajority Solutions for Texas Taxpayers
Texas bond elections often pass with low voter turnout and simple majorities, driving up local debt as a result. Raising voter approval thresholds could protect taxpayers and ensure a stronger consensus for public spending. Key points: Even though tax relief has been funded at the state level, increased debt at the local level has led...