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Economy

A Newspaper’s Boosterism During a Pandemic

A worthy person – a man or woman committed to reason, honesty, and seriousness of purpose – would have little respect for the Janesville Gazette. This critical view is not a new one, truly: the paper’s work has been inferior during the Great Recession, during an opioid crisis, during cheerleading for countless state and local…

Public Policy Responses to the Coronavirus: ‘You have to address the health side’

Economist Austan Goolsbee offers three scenes, in his words, for addressing the coronavirus pandemic. All three, in the order he presents them, are sound. Most economic schools of thought – and all sound ones across the continuum – would consider something like his suggestions in response to a pandemic. One obvious note – or at…

Local Public Policy as if Charitable Assistance

Whitewater’s policymakers, and those of other small, rural cities, should – in these times of economic stagnation, a lingering opioid crisis, failed business welfare, and an approaching recession – view their principal obligation as if it were charitable outreach. (It’s not charity, of course, but that’s how policymakers should view it: as both palliative and…

Declines, Recessions, and Rhetoric

While yesterday was a bad day for the financial markets, it’s the underlying – and troubling – fundamental condition of the economy that matters far more. Places like Whitewater, that adopted business special interests’ “if-you-build-it-they-will-come” approach despite increasing poverty and stagnation in household and individual incomes, are especially vulnerable to a downturn. Market Declines. Steven…

Miscellany on Development Policy in Whitewater

There’s a significant difference between local, political calls for urgency and genuine need. Recent discussions about development policy in Whitewater only bolster this view. A few remarks (as I’ve been asked more than once what I think of the last two months’ events) — Independence. The best decision one could make when writing about policy…

Cashierless (and so Cashless)

One reads that Amazon has opened its first cashless, full-size grocery store in Seattle. See Amazon is opening its first full-size, cashierless grocery store. Here’s a first look inside. A few remarks: This is a technological achievement, and other companies are working along similar lines. No cashier means, definitionally, no cash transactions. That’s convenient for…

Do Yorkshire Terriers Dream of Being Wolves?

Perhaps Yorkshire terriers dream each night of being ferocious wolves.  If that should be so, and if even tiny dogs imagine themselves as mighty predators, then there may be a natural explanation – in animals and people – for the yearning of smarmy local development men for gigantic corporate welfare schemes. Of those men and…

A Reminder About Opportunity Zones: Bad Policy Flacked Locally

Those following what passes for economic policy in Whitewater know that this website has been rightly critical of the economic opportunity zones that were part of Trump’s tax bill. See About that Trump Tax Bill, More About that Trump Tax Bill, and The Trump Tax Bill: That’s Not Reform. Jenny Schuetz, commenting on part of Trump’s…

Brain Drain Plagues Key USDA Research Service After Trump Administration Orders Relocation

When the Trump administration relocated the United States Department of Agriculture’s Economic Research Service to the Kansas City area last year, about two-thirds of its employees quit their jobs rather than move. Mick Mulvaney, the acting White House chief of staff, called the mass resignations a “wonderful way to streamline the government.” These departures have…

Whitewater School Board, 1.27.20: Palmyra-Eagle & Competition Between Districts

?? On Monday night, Whitewater’s school board met first in closed session, and about an hour later in open session. (A video of the open session is embedded above.) Part way into the meeting, after a summary of the latest developments concerning the nearby Palmyra-Eagle School District, a candidate for that school district’s board spoke…

‘But Not in Conditions of Their Own Choosing’

It’s a truism to say that all people make history, but not in conditions of their own choosing: Admittedly and sadly, the local boosterism of the pre-Trump years is now in retrospect worse than one might have initially believed: across America boosters who peddled false descriptions & junk solutions during the economic hardship of the…

Market-Hating Republicans Have Been a Local Problem for Years

George Will, writing in the Washington Post, observes that Josh Hawley sounds like he has far too much faith in government: The sails of [Republican] Sen. Josh Hawley’s political skiff are filled with winds gusting from the right. They come from conservatives who think that an array of — perhaps most of — America’s social injuries,…

But, but, but…we were promised growth, growth, growth!

Locally, statewide, and nationally, Trump & those who flacked his tax bill, and those who also pushed corporate welfare schemes (Foxconn, WEDC, Whitewater CDA), promised growth, growth, growth! How odd that these men — politicians, movers-and-shakers, developers, landlords, and public relations types — seem to have missed the mark: The World Bank sees U.S. growth stumbling from…