States could attract more businesses and jobs by lowering taxes and making government smaller. But since governments hate cutting taxes and regulations, they instead choose to lure new firms with temporary tax breaks and special favors, writes Jeff Scribner.
This audio Mises Daily is narrated by Robert Hale.
You Might Also Like
GDP is a Poor Measure of Economic Health
2024-02-15
Gross domestic product (GDP) is the most common measure of national wealth and economic growth. Yet the layman—and even many businessmen and economists—is taken aback when mainstream commentators and professionals get very excited about changes to GDP, which seem to have little to no impact on real economic conditions.
How Governor Whitmer Doomed Detroit Autoworkers
2024-02-14
The new year started out on a painful note for autoworkers building electric vehicles (EVs). In the last month, thousands of workers have been laid off from General Motors (GM) and Ford plants in Michigan.
Most workers involved were, or were slated to be, working on electric versions of each brand’s signature trucks—the Chevy Silverado EV and Ford F-150 Lightning. The latter has been available for purchase since 2022, with the Silverado EV set to debut this year. Yet both have run into a problem: consumers don’t want them.
More specifically, consumers don’t want as many of these trucks as Ford and GM are currently producing. On its face, this might appear like a classic case of entrepreneurial error. But there’s more to the story because the production level of EVs, in recent years, has
Javier Milei Understands the Road to Serfdom
2024-02-12
Each week we encounter mouthwatering policies implemented by the newly elected libertarian president of Argentina Javier Milei. He has the libertarian community in awe.
His arrival to politics with an openly antisystem discourse shook not only the local scene in Argentina but also the rest of the world.
But how? The respective libertarian parties in each country barely get enough votes to even appear on the main grid on election night!
There are numerous reasons as to why this may be. We libertarians know ourselves well and no one with a minimum of self-criticism is surprised that our current situation in party politics is such. While political culture differs by country, our internal ideological discussions as libertarians are the same.
While there’s no formula for liberty, one may find
Tags: Featured,newsletter
