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The True Cost of Government Subsidies
Subsidized housing is a mixed blessing. On the one hand, people like a cheaper house. On the other hand, they tend to balk at the concessions they must make to get the housing. In this page from the forthcoming graphic version of Amity Shlaes's “The Forgotten Man” (HarperCollins), a government official lays out the conditions for free farm houses at a project in Casa Grande, Arizona. The story underlying comes out of Edward Banfield's classic study of the Casa Grande Cooperative, "Government Project." In that book Banfield gets at the themes that concern this page: When authorities smother enterprise, they often smother growth as well. The artist on the project is Paul Rivoche.
TARIFF-IED: Trade Talk with Matthew Rooney
Bush Institute-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict with India.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.