Money from the federal government is often thought of as “free,” but, nothing could be further from the truth. The prevalence of federal funds has been shown to adversely affect a state’s economy, increase state government spending, and lead to a decline in state tax revenues.
Energy & Environment
D.C. Doesn’t Just Spend Too Much Money, It Spends On The Wrong Things
Can you imagine China, Russia, or Iran spending trillions of dollars to remove any fraction of the carbon dioxide they’re pumping into the air? When corporations — and people — misallocate capital, they tend to suffer. Of course, whether capital is misallocated is sometimes only fully understood after the fullness of time. The People’s Republic...
March 19, 2024