November 13, 2009
Studies in Government FAIL
Bailout FAIL: Chrysler ends Electronic Vehicle Program (HT: David Zetland).
Epic FAIL: Pfizer is leaving New London, CT. Susette Kelo's old neighborhood, which was expropriated for the benefit of Pfizer in order to bring in jobs and create tax revenue, is an empty lot (HT: David Zetland and Alex Tabarrok). But here's a question: if we're allowed to take private property for the common good, and if tax revenue and jobs are "the common good," then shouldn't the city of New London be allowed to force Pfizer to stay?
Also HT to David Zetland for the "Government Fail" meme.
Posted by Art Carden at 02:15 PM in
Economics