Muro and his colleagues argue that the initiative aims to address the fact that “many of the nation’s towns and regions struggle under the weight of economic stagnation and social decline.”
The size of the bet is around $80 billion in various industrial subsidies. It is unlikely to pay off as advertised.
These direct subsidies contrast with earlier federal place-based economic development programs, which chiefly used tax credits to encourage investment in poor urban neighborhoods and rural regions. Most research on those programs—which include New Markets Tax Credits (created by President Bill Clinton), Empowerment Zones (George W. Bush), and Opportunity Zones (Donald Trump)—indicates that they have had a negligible impact.
Dit verhaal komt uit de October 2023 editie van Reason magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Al abonnee ? Inloggen
Dit verhaal komt uit de October 2023 editie van Reason magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Al abonnee? Inloggen
Rise of the Samurai Lawyers
HOW A STABLE AND RELATIVELY JUST LEGAL ORDER EMERGED IN MEDIEVAL JAPAN
How Sanctions Backfire
IF THERE’S ONE part of foreign policy where President Donald Trump has been consistent, it’s economic sanctions on Iran.
How To Get Rid of a Tenured Professor
TOO OFTEN, POLITICAL ADVOCACY TRUMPS RESEARCH IN SCIENCE.
TRUMP'S DRAMATIC CROSSROADS
WILL PROTECTIONISM OR DYNAMISM SHAPE THE FUTURE OF THE REPUBLICAN PARTY?
AI Isn't Destabilizing Elections
ARTIFICIAL INTELLIGENCE PESSIMISTS, take note: New research suggests that fears about AI tools destabilizing elections through political misinformation may be overblown.
Trump Tests the Limits of Executive Orders
WELL BEFORE PRESIDENT Donald Trump returned to office, his supporters boasted that he would start the second term with a flurry of executive actions.
The American Right Is Abandoning Mises
THE AUSTRIAN ECONOMIST’S PRINCIPLED THOUGHT ONCE SERVED AS A CHECK ON THE INTELLECTUAL RIGHT.
Trump's War on the Press
A MONTH BEFORE last November’s presidential election, 60 Minutes aired an interview with Democratic nominee Kamala Harris that was edited to make her response to a question about Israel “more succinct,” as the show’s producers put it.
WHEN THE GOVERNMENT PUTS WOLVES IN YOUR BACKYARD
ENDANGERED RED WOLVES BECAME A SYMBOL OF FEDERAL OVERREACH-AND A TARGET FOR LOCAL IRE-IN EASTERN NORTH CAROLINA.
Biden Rushed Billions Out Before Trump Took Office
ON PRESIDENT JOE Biden’s way out the door, officials in his administration were busy—not just packing up their offices, but shoveling as much money as possible before incoming President Donald Trump could get his hands on it.
