The cost of luring a firm to town has skyrocketed, while the benefits have plummeted. The United States has created more than 90 million net new jobs over the past 45 years, but fewer “attractable” jobs are available today than in 1969.
Small-government sentiment runs strong in Indiana, and we can be pleased with the resulting low taxes, thoughtful regulatory environment and greater personal freedom. Still, I think much of the small-government movement in Indiana targets the wrong problems.
That academia is a creature of the left is hardly in question. Voting patterns and political contributions of professors are widely studied, and astonishingly leftist. Diversity efforts seek to build a cadre of people who look different but think exactly alike. Still, I wonder how much it really matters.
About half of all young people try college, but only half of that group finish a degree. The difference between these groups is almost wholly due to old-fashioned hard work and perseverance.
World War I began a century ago this week, and its legacy continues to have economic, social and political effects.
Almost nothing in economics seems to confuse people as much as monetary inflation. That confusion leaves an intellectual void into which some of the least credible ideas of the modern world crawl.
Nationally, from July through September 2013, growth in state income tax collections slowed appreciably. Only a few states were spared, and here in Indiana they actually shrank slightly, as they did in five other states.
a recen studied of states’ friendliness to small businesses gave Indiana poor grades for ease in finding workers, leveling blame on networking and training programs. This is interesting, but almost certainly not the actual problem.
Every loophole, deduction, exemption, abatement and carve-out is designed to benefit one class of citizens at the expense of others. These are neither fair nor simple. They are rarely effective.
New Government Accounting Standards Board rules require state and municipal governments to report their pensions in ways more like that of private sector pensions.
Without even touching upon the fairness of Indiana taxpayers subsidizing Hollywood studios, film tax credits are of dubious value. The jobs they generate are transient, often low-paying and unlikely to meet the simplest benefit-cost calculus.
Quarter after quarter of booming growth, seen for several decades, might have slowed permanently. The 2000s saw only five rapid-growth quarters, and this decade has had two. It might mean that higher average growth rates are more difficult to achieve due to structural changes in the economy related to technology.
French economist Thomas Piketty’s new book “Capital in the Twenty-First Century” is far and away one of the most important books on the economy in some time.
I have long argued that Hoosier taxpayers are willing to spend more in places where they can see results. The results of the recent election suggest I am right about that.