Planning

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    LISTEN HERE – HeadLocke 045: Applying free-market economics to urban issues

    The latest HeadLocke podcast episode is out. Cities play a major role in the way we live our lives. Free-market economics could play a much larger role in helping those cities function better. That’s one potential outcome of the Urbanity Project at the Mercatus Center at George Mason University.
    Anna Manning, March 19, 2019
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    Scuttling of High-Speed Rail Shows Hard Choices Progressives Don’t Want to Make

    Scott Sumner begins a recent discussion of California’s ill-fated high-speed rail project by noting: In many ways, California is the ideal place to build a high-speed rail line. The state has two giant metro areas, separated by 380 miles, which is the “sweet spot” for high-speed rail. A high-speed…
    Jon Guze, February 17, 2019
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    “God forbid if the rich leave”

    New York has received the “greatest revenue shock in recent years,” Gov. Andrew Cuomo announced earlier this week. Cuomo said income taxes will be $2.3 billion lower than expected when he introduced a $178 billion budget last month. “That’s as serious as a heart attack. This is worse than…
    Joseph Coletti, February 7, 2019
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    “Physics and economics are two sides of the same coin”

    “Hierarchy is not imposed, it is natural,” Duke professor Adrian Bejan told J. Peder Zane in a recent interview. “Equality, however, is artificial, because it violates the law of evolution in nature.” Bejan comes to this conclusion because “physics and economics are two sides of the same coin,” and…
    Joseph Coletti, February 6, 2019
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    Tax cuts, innovation, and economic growth

    Paul Romer won the Nobel prize in economics for showing how innovation creates economic growth. A new working paper from Raj Chetty and his colleagues presents a model of how much innovation results from tax cuts. Their model suggests tax changes “have no impact on the decisions of star inventors,…
    Joseph Coletti, January 31, 2019
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    Economic growth and…

    “Economic growth, while necessary, is insufficient to address many of the challenges of our 21st-century economy,” Abby McCloskey writes in National Affairs. She offers some policy suggestions to improve connections in community, make work pay, and reform entitlements to improve government finances. I don’t endorse all of them, but…
    Joseph Coletti, January 29, 2019
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    A threat to green central planners

    Veronique de Rugy writes at Reason.com about the recent revolt against hardships imposed by “green” government planners. You know you’ve got a problem when your tax schemes are even being rejected by the French. While there’s always a danger in reducing the causes of political unrest to a…
    Mitch Kokai, December 17, 2018
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    GoDurham buses losing money; but the train is coming

    Durham’s transit agency, GoDurham, is cutting routes and changing others as management tries to reduce a budget shortfall over the next five years. Plans for a  $2.47 billion light rail system to connect Durham and Chapel Hill continue to advance. How does that happen? The city started bus routes…
    Joseph Coletti, December 14, 2018