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Should Detroit Build a New Arena?

It’s always tempting to say, “But this time it’s different. Detroit is not the same as those other places.” In fact, nearly every time it’s the same. Economists have looked at this over and over. In virtually every case we have found that using public funds to help finance a private venue is a bad deal for the taxpayers. Continue Reading →

Detroit Bankruptcy Brought Out Humor and Snark

The idea here is that Mitt Romney said he would have let GM and Chrysler go bankrupt during the presidential campaign. The Obama campaign promptly took credit for not letting “Detroit go bankrupt.” On the internet stuff lasts forever. Continue Reading →