Policymakers who think they can determine the proper price of a good better than the market will create no less a disaster than the captain of an ocean liner who believes his engines will allow him to pay no heed to momentum.
Local Government
Small Towns, Big Tax Increases
The city of Whitesboro ignited a firestorm recently when officials suggested adopting a tax rate that would have skyrocketed the average homeowner’s property tax bill by 61 percent. The initial public hearing to discuss the matter drew hordes of angry Whitesboro residents who voiced their discontent. So much so, in fact, that city councilmembers tabled...
September 17, 2025