What made the Edsel so valueless and the Cabbage Patch doll so valuable? It wasn't their intrinsic worth based on factors such as production costs or the skill of the labor used in their production. Instead, it was the value placed upon them by consumers.
Local Government
Reinvigorating Federalism and Fiscal Discipline in Texas: Establishing the Office of State Sovereignty
Texas governments received $84.3 billion in federal funding in 2023, raising concerns over financial dependency and regulatory consequences. Creating an Office of State Sovereignty to monitor the application, receipt, and conditions of this aid could mitigate fiscal risk and improve transparency. Key points: Texas lacks a centralized system to oversee federal grants potentially flowing to...
September 9, 2026