When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Wednesday, February 26, 2014

Public Policy Failures, Illinois vs Texas and Indiana

In other words, government failure -- read full article at link below (exerpt follows) --

Mish's Global Economic Trend Analysis: Jobs Bowl: Illinois vs. Texas and Indiana: "The data show that in 2012, Illinois had a net loss of residents to each of its neighboring states, and that Illinois had a greater net loss to Indiana than to any other state in the union. Indiana doesn’t offer the warm climate of destinations such as Florida and Texas. Illinoisans cross the border because of policy failures. Wisconsin Gov. Scott Walker and former Indiana Gov. Mitch Daniels, along with former Chicago Mayor Richard M. Daley correctly predicted that raising the corporate tax rate to the fourth-highest in the nation would drive residents and business across the border."

    

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