For the first time in decades, budget cutters are taking a meaningful look at federal government programs and trying to identify wasteful and inefficient spending to eliminate. In National Review, CEA President John C. Mozena suggests cutting the hundreds of federal programs that subsidize state governments' ongoing race to the bottom of subsidized economic development … Continue reading Column in National Review: Get the Federal Government Out of States’ Economic Development Wars
Column in National Review: Adam Smith’s Economic-Development Formula
In National Review's Capital Matters, the CEA's John Mozena marked the publishing anniversary of Adam Smith's "Wealth of Nations" by pointing out how Smith's 1755 recipe for national prosperity is still a valid economic development policy in the modern day: "Little else is requisite to carry a state to the highest degree of opulence from … Continue reading Column in National Review: Adam Smith’s Economic-Development Formula
Column in National Review: Stop Subsidizing Stadiums
There are a lot of great reasons for states and cities to tell sports teams to "Pay For Your Own Damn Stadium," and CEA President John Mozena laid some of them out this week in a column in National Review's "Capital Matters:" These deals involve substantial amounts of money, and they have a very real … Continue reading Column in National Review: Stop Subsidizing Stadiums
Learning the Lesson from General Motors’ Subsidized Hit-and-Run in Chandler, Ariz.
By John C. Mozena General Motors is closing its Arizona IT Innovation Center in Chandler, Ariz. and eliminating 940 jobs there in an object lesson on government “economic development” programs’ ineffectiveness in the face of business reality. The short and tragic history of GM’s subsidized hit-and-run in Chandler should be a wake-up call for taxpayers … Continue reading Learning the Lesson from General Motors’ Subsidized Hit-and-Run in Chandler, Ariz.
Column in National Review: Ohio’s Long-Running Corporate-Welfare Farce Takes Another Absurd Turn
In National Review's "Capital Matters," CEA President John Mozena used the announcement that EV automaker Lordstown Motors had filed for bankruptcy to tell the tale of an Ohio auto assembly plant that epitomizes the futility of politicians and bureaucrats trying to overcome business realities with taxpayer-funded subsidies. The recent announcement that the artisanal-EV-pickup-truck manufacturer had … Continue reading Column in National Review: Ohio’s Long-Running Corporate-Welfare Farce Takes Another Absurd Turn