The Michigan Death Spiral: Tax and Spend Even More

By: deweyfromdetroit (Diary)  |  September 5th at 07:27 PM  | 

Today’s Wall Street Journal ran an op-ed called “The Michigan Experience.” It tracks Michigan’s industrial policy over more than a decade. During this time the rest of the state’s taxpayers financed subsidies for businesses – selected by bureaucratic state agencies – with the goal of creating and retaining jobs. So did it work? The answer is not only no, but no to the 10th power. | Read More »