The Trump Administration wants to bolster industries that are market failures, with coal as an example. Catherine Rampell writes of that effort in The Trump administration learns that fighting gravity is hard: The Trump administration is learning that, as new data show that the industries it has worked hardest to prop up — through bailouts, tariffs…
Free Markets
Assault Awareness & Prevention, CDA, Charity, City, Corporate Welfare, Culture, Dogs, Economy, Education, Federal Government, Foxconn, Free Markets, Government Spending, Innovation Center/Tech Park, Local Government, Police, Politics, School District, State Capitalism, State Government, University, UW System, WEDC, Wisconsin
The Broad Outlines of 2019
by JOHN ADAMS •
For many years, I would begin the year with predictions for the twelve months ahead. Events since 2016 have made predictions harder, but one can still discern some short-term developments for the city. These prospects, of course, form an online of topics to ponder, and about which to write (often requiring that one return to the…
Babbittry, Bad Ideas, CDA, City, Corporate Welfare, Development, Economy, Foxconn, Free Markets, Government Spending, Local Government, Mendacity, Open Government, Politics, State Capitalism, State Government, That Which Paved the Way, Tony Evers, WEDC, Wisconsin
The Walker Cabinet Officers’ Open Letter
by JOHN ADAMS •
Four cabinet secretaries of the Walker Administration have come forward to criticize the governor, and three of them have co-written an open letter against Walker’s relentless emphasis on political gain over sound policies. One of the signatories of the letter is Paul Jadin, who was Walker’s first Wisconsin Economic Development Corporation leader. It says all…
Culture, Economy, Ethics, Free Markets
The Theory of Moral Sentiments and the Morality of Markets
by JOHN ADAMS •
In Five myths about capitalism, Steven Pearlstein describes the primary myth as a misunderstanding about motivations of those choosing freely in the marketplace (broadly understood, these choices are about not only capital, but also labor or goods): Myth No. 1: Greed, a natural human instinct, makes markets work. Adam Smith, the father of economics, first pointed out in his…
Business, Congress, Economics, Economy, Federal Government, Free Markets
Elizabeth Warren & Capitalism
by JOHN ADAMS •
A reader wrote in to ask me whether I thought that Elizabeth Warren was a capitalist. The question stems from an article in The Atlantic by Franklin Foer (‘Elizabeth Warren’s Theory of Capitalism.’) Frequent readers know that I link to The Atlantic often. (I’m a subscriber.) I’m also a free-market guy, so here’s a quick…
Bad Ideas, CDA, City, Corporate Welfare, Economics, Economy, Free Markets, Government Spending, Innovation Center/Tech Park, Local Government, Politics, State Capitalism, Taxes/Taxation, That Which Paved the Way
The Trump Tax Bill: The Illusory Pay Bump
by JOHN ADAMS •
In the spring, before and after a local election, the Whitewater Community Development Authority issued two press releases praising a part of the Trump tax bill as good for Whitewater. CDA executive director Dave Carlson presumably wrote the releases, and Larry Kachel, the CDA chairman, stars in one of them as offering gratitude for gerrymandered congressman…
Bad Ideas, CDA, Corporate Welfare, Economics, Economy, Free Markets, Local Government, State Capitalism, Trump, WEDC
The Mercantilist
by JOHN ADAMS •
Veronique de Rugy contends that one should take Trump at his word on trade. It’s doubtful that anyone should take Trump’s word for anything, but that’s too literal a reading of her claim. She’s right that, in effect, Trump truly opposes free trade no matter what he says: As we embark on a trade war, let’s…
CDA, City, Corporate Welfare, Development, Economy, Free Markets, Gov. Walker, Marketing, Politics, Poverty, State Capitalism, State Government, Taxes/Taxation, That Which Paved the Way, Trump
About that Trump Tax Plan
by JOHN ADAMS •
In Whitewater, by press release (twice), one can read about the supposed benefits of the Trump tax plan. The Whitewater Community Development Authority’s executive director, Dave Carlson, was quick to push a portion of the plan as good for Whitewater. In doing so, he conceded what anyone observing Whitewater with care and concern already knew:…
City, Development, Free Markets, Government Spending, Laws/Regulations, Local Government
Owner-Occupied Housing in the Whitewater Area
by JOHN ADAMS •
During these years I have written, and long before, one has heard from local officials and residents that the City of Whitewater needs more single-family housing. Single-family housing is a kind of owner-occupied housing (e.g., one owner, two adult owners, a single-family). Indeed, one hears that the City of Whitewater needs more single-family housing the…
City, Culture, Demographics, Development, Economy, Free Markets, Good Ideas, Local Government, Planning, Politics, Poverty
Dane, Not the WOW Counties
by JOHN ADAMS •
For many years, Republicans have railed against Madison, and against Dane County, as bastions of dysfunctional liberalism. Indeed, this impulse has been strong even after the GOP gained control of both chambers of the legislature and the governor’s office. Funny, though, that it’s Dane County – not the WOW counties of Waukesha, Ozaukee, or Washington – that’s…
Business, Free Markets
Canadian Milk Producers Seek Regulatory Help to Defeat American Competition
by JOHN ADAMS •
The video below, from the Journal Sentinel, describes how Canadian dairy farmers, unable to compete in the market with Wisconsin & New York dairies, have sought regulatory help from the Canadian government because they cannot manage the volume of American milk production. (Rather than concede their own competitive inferiority, they’ve predictably blamed American dairies for producing…
City, Economy, Free Markets, Politics
On the Whitewater League of Women Voters Questionnaire (Spring 2017)
by JOHN ADAMS •
At its website, the Whitewater Area League of Women Voters has posted a questionnaire for the upcoming local election. For all the good work that the League does (and the national organization does admirable work in many communities), the questionnaire reveals an unsupported, narrow view of Whitewater’s local economy. Consider the 7th question in the survey…
Economy, Federal Government, Free Markets, Liberty, State Capitalism
Who Runs the Economy?
by JOHN ADAMS •
Consider this Twitter exchange between liberty-oriented Republican Justin Amash and a Trump supporter, over the suitability of Trump’s cabinet appointments: The Trump supporter thinks that the credentials of a cabinet nominee justify the appointment; Rep. Amash rightly sees that credentials do not define the scope of legitimate state action.
City, Development, Economy, Free Markets, Government Spending, Local Government
The Local Economic Context of It All
by JOHN ADAMS •
Over a generation, Whitewater’s big-ticket public spending (where big ticket means a million or more per project in a city of about fifteen-thousand) has come with two, often-contradictory justifications: (1) that residents needed to spend so much because Whitewater was the very center of things, or (2) that residents needed to spend so much to assure that…