How can taxpayers be confident their tax dollars are being spent wisely on public programs? How does the Legislature know whether or not an agency or program is benefittingthe public more than it is costing them? Answering these questions is not as simple as it may seem.
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...