September 17, 2009
Cowboys Stadium and Economic Development

ESPN oohs and aahs, calling it "Jerry Jones' creation" and "a tribute to excess." Instead of ruminating on the economics of stadiums--they're classic broken glass--I thought I would yield the floor to C. Montgomery Burns:

Posted by Art Carden at 09:38 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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