In the video above, Sec. Clinton tells Steven Colbert that she’d let big banks fail. There’s something in her (briefly stated) position for a libertarian to admire, although other points to doubt. (I’d not urge breaking banks up, but would surely urge government to allow large banks or businesses to fail. Clinton, admittedly, is referring…
Economy
Economics, Economy, Local Government
The Rise and Fall of the Chinese Economy
by JOHN ADAMS •
You’ll find in the video above a concise, balanced assessment of China’s economic prospects from economist Tyler Cowen. The short-term is sure to be rocky, but there are good, long-term prospects for China. (Prof. Cowen doesn’t say so, but those long-term prospects are likely to include – indeed, to require – a China without the…
Business, CDA, City, Economy, Government Spending, Local Government, State Government
Gov. Thompson Rejects WEDC-Style Loans
by JOHN ADAMS •
Republican Tommy Thompson, who served for fourteen years as governor, has written in opposition to the Wisconsin Economic Development Corporation’s loan program. It’s the right position to take, and shows that Thompson understands the problems with WEDC. Explicitly, Gov. Thompson’s opposition to WEDC-style loans includes local communities’ doling of loans through their own programs. (Whitewater’s Community…
Business, Corporate Welfare, Development, Economics, Economy, Liberty, Local Government, WEDC
Business v. Free Markets
by JOHN ADAMS •
Over at Cato, David Boaz writes about The Divide between Pro-Market and Pro-Business. (I’ve also linked to Boaz’s post at my libertarian website, Daily Adams.) Boaz observes that, too often, business (especially big business) is an opponent of free markets: In 2014 big business opposed several of the most free-market members of Congress, and even a Ron Paul-aligned…
CDA, City, Corporate Welfare, Economics, Economy, Gluttony, Government Spending, Local Government, Politics
Fog Lifts
by JOHN ADAMS •
View image | gettyimages.com Whitewater started the day with fog, but there has never been a place, anywhere or ever, in which the fog did not lift. There’s reason for confidence that even befogged places see, in the course of events, clear skies. I’d guess, though, that most policymakers in town (such as they are)…
City, Economy, Government Spending, Local Government, Press, WEDC
What City Officials and the Press Haven’t Told You About the HyPro Layoffs
by JOHN ADAMS •
Updated, 9.9.15, 2 PM, and bumped forward from original 9.8.15 post date. I’m always eager for more discussion about WEDC – To reconcile the figures of $1,300,000 and $262,000: There are differences in the dollar amounts of tax credits depending on whether one considers the maximum authorized or the amount HyPro has so far taken. In…
China, Economics, Economy, Foreign Affairs
The Limits of China Under Communism
by JOHN ADAMS •
A single paragraph from Jacob Soll puts China in perspective: There is no historical example of a closed imperial economy facing large capital-driven, open states and sustainably competing over a long term. That is not to say that China isn’t an economic powerhouse and a remarkable site of energy and potential. It is certainly both.…
Economics, Economy, Free Markets, Immigration, Labor, Restaurant
Film: From Dishwasher to Award-Winning Restaurateur
by JOHN ADAMS •
I suppose that if I wanted to curry favor with others, I’d talk about the need for immigration restrictions, or at the least I’d avoid taking a contrary view (a restrictive position being so popular these days). That would seem to me a timid way to face the world, unfit for robust Americans. One should…
CDA, Economics, Economy, Gluttony, Gov. Walker, Government Spending, WEDC
The WEDC Taints Walker (and local officials even more)
by JOHN ADAMS •
The WEDC is a state and national story that has local implications. Some of the toughest political battles are intra-party ones: Republicans or Democrats fighting against fellow party members for their respective primary nominations. For rival Republicans, Gov. Walker’s creation of the Wisconsin Economic Development Corporation will offer a legitimate and compelling line of attack against his…
CDA, City, Corporate Welfare, Economics, Economy, Gluttony, Government Spending, Innovation Center/Tech Park, Local Government, Politics, WEDC, Wisconsin
The State’s WEDC and Whitewater’s Facsimiles
by JOHN ADAMS •
Ongoing revelations about the Wisconsin Economic Development Corporation are a double concern: they’re stories of statewide malfeasance, and those revelations beg the question of how local officials in Whitewater are managing their own pools of public money. First, the latest stories (it’s a steady stream) of state-level error, waste, and negligence: Madison— Failing to run…
Business, CDA, City, Development, Economy, Government Spending, Local Government, WEDC
Business Dependency in Whitewater
by JOHN ADAMS •
For residents facing poverty, one would hope for, and understand, a combination of private and public relief. Churches and other private organizations do much in this effort; government expenditures for the genuinely needy amount to a small portion of all government spending. Support of this kind is a worthy effort. Whitewater also has two large…
Business, City, Development, Economics, Economy, Health, Local Government, Planning, Politics, WGTB, WHEN GREEN TURNS BROWN
Meetings & Motivations
by JOHN ADAMS •
Post 11 in a series. This is series about a proposed digester energy project for Whitewater, one that would rely on importing other cities’ unwanted waste into Whitewater for processing. A series like this is only indirectly about general wastewater upgrades, at whatever price. It’s about waste importation, and officials’ claims that importation would be clean…
Business, CDA, Corporate Welfare, Economy, Free Markets, Gluttony, Government Spending, Innovation Center/Tech Park
Conservatives Against WEDC
by JOHN ADAMS •
Only a generation ago (not long, really), most conservatives would have rejected something like the Wisconsin Economic Development Corporation’s ineffectual, wasteful attempts to manipulate the economy for the benefit of a few insiders’ friends. Today, communities across our state are beset with any number of unctuous men hawking a kind of big-government conservatism, with false…
City, Corporate Welfare, Economy, Free Markets, Government Spending, Local Government, Marketing, Poverty, University, WEDC, Wisconsin
Wisconsin on Pace for Most Layoff Notifications Since WEDC Created
by JOHN ADAMS •
WKOW 27: Madison, WI Breaking News, Weather and Sports Now I thought, as it’s what I have heard again, again, and again, that the WEDC was the Laser-Focused Semi-Private Job Creator of Wisconsin™. How odd, then, to read that since the Wisconsin Economic Development Corporation’s inception, Wisconsin is on pace for more job layoffs than…