QUICK: WOULD you rather face the worst economic crisis in history as a resident of America’s fiscal union, or Europe’s? An easy choice, surely; a decade ago, the euro area’s skeletal economic ...
The “American System” that gives its name to this essay series is perhaps most directly associated with mercantilism, industrial policy, and federal investments in infrastructure. An element that is ...
Last May the Obama administration forced South Carolina not just to take its share of federal stimulus funds, but to spend the money on new programs rather than paying down the state's debt. I was ...
Journal Editorial Report: Does the Department of Government Efficiency stand a chance? Photo: Kena Betancur/AFP Excessive spending has been a way of life for lawmakers in Washington for more than half ...
The COVID-19 pandemic has hit states, counties, cities, school districts and other jurisdictions and public agencies like a financial tidal wave. In March, the municipal bond market became fiscal ...
And the catalyst for ongoing reform might be the utter fiscal mismanagement of America’s largest, most progressive states. State lawmakers have been driving down income-tax rates across the map for ...
In the wake of the September 11, 2001, terrorist attacks and the wave of patriotism that has followed, there has been renewed concern about the state of civics education, citizen formation, and ...
Fiscal decentralization in Belgium progressed substantially in 2015-19. However, as decentralization of expenditure responsibilities continued to outpace decentralization of revenue authority, ...
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