Cronyism (page 4)

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    The Wrong Entrepreneurship

    Robert Litan and Ian Hathaway began three years ago to examine why fewer new businesses are being created. Their first attempt to explain things in 2014 found that slowing population growth and business consolidation were the two main factors. They acknowledged policy differences could have independent roles and could also contribute to population…
    Joseph Coletti, June 13, 2017
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    The N&O editors actually wrote this

    I gave it several hours in case someone pranked the poor guys, but it appears that the editors of The News & Observer actually editorialized against using state incentives to save or create jobs. No, really. I know, it sounds as unthinkable as if someone said Chip Gaines punched Joanna.
    Jon Sanders, December 6, 2016
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    Cronyism by any other name is still wrong

    Q. How should an advocate for individual liberty and market freedom approach the presidency of Donald Trump? A. The same way as always: evaluate policy proposals on how they would likely affect people’s God-given rights, their freedoms, and their abilities to choose and order their lives as they see fit with the protection…
    Jon Sanders, December 1, 2016
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    The ongoing folly that is the City of Raleigh’s involvement in the restaurant business

    Raleigh City Council's excessively wasteful pursuit of a white-tablecloth restaurant — that is, a white-tablecloth restaurant on Fayetteville Street, dagnabbit, not where risk-taking entrepreneurs paying attention to market trends chose to locate theirs — failed with The Mint, but did not end there. If anything, the city politicians' bumbling restaurateuring appears to be getting sillier with their new tenant, Bolt, while at the same time looking more and more unnecessary even according to its foundational purpose. Raleigh, after all, is becoming a diner's paradise with a wealth of options. First: for background on Raleigh's failed "experiment" with The Mint, see the work of my friend and retired colleague Michael Sanera. Now: Here is where things stand with Bolt. The News & Observer reported on June 3:
    Jon Sanders, September 7, 2016
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    Federal energy subsidies and the battle between cronies

    The New York Times asks, "What would happen if the federal government ended its subsidies to companies that drill for oil and gas?" The American oil and gas industry has argued that such a move would leave the United States more dependent on foreign energy. Many environmental activists counter that ending subsidies could move the United States toward a future free of fossil fuels — helping it curtail its emissions of heat-trapping carbon dioxide into the atmosphere. The first part of the NYT's answer is correct insofar as it would make foreign oil and gas marginally more competitive. The second part is utter fantasy and wrong in many ways. The question itself is far too narrow for a discussion of energy subsidies. It ignores the far, far greater subsidies for renewable energy, and it also ignore the massive regulatory burden placed on traditional energy sources — which are penalties or, in a different way of looking at it, negative subsidies. Further discussion and graphs follow.
    Jon Sanders, August 8, 2016
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    So did Raleigh leaders reward crony donors by naming them Dix Park advisors?

    The News & Observer reports on a marked lack of debate or modicum of process in naming advisors to “one of the biggest public projects in Raleigh’s history”: City staff compiled a list of recommended appointees that wasn’t available to the public until hours before the City Council meeting…
    Jon Sanders, July 21, 2016
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    There are many ways to ensure safety without the policy extreme of occupational licensing

    Reforming occupational licensing is one of those rare political ideas that unites right, left, and center. But it faces fierce opposition from the highly self-interested cronies, which to anyone who knows public-choice economics means it’s a hard slog. Earlier this month, for example, Delaware Gov. Jack Markell, a Democrat, wrote…
    Jon Sanders, June 14, 2016
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    Startups in garages vs. government ‘startups’

    Julie, I posted that advertisement a while back to contrast that history with the only-government-builds-that, massively expensive folly of the Obama administration. Namely their “innovation institutes,” including one at NC State: $70 million from the Department of Energy in the next five years, “an amount that will…
    Jon Sanders, May 13, 2016