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Daily Archives: August 6th, 2012

Do We Have To Let It Get This Bad First?

Highland Park, Michigan schools:  $16,000 per student.  $11 million deficit in a $19 million dollar budget.  10% proficiency in high school English.  0% in math.  The city thankfully arrives at the only reasonable solution; Give it up! From Thursday’s Wall Street Journal: Michigan City Outsources All of Its Schools Highland Park Turns Over Troubled Operations to […]

Price Controls Create Shortages, Part 998,749,945

From Friday’s Wall Street Journal: Electricity transmission and distribution are still overwhelmingly in the hands of government entities. State utilities sell power at highly discounted rates, a policy meant to keep voters happy. The upshot is that utilities have accumulated huge losses and aren’t in position to invest in grid upgrades. The rate regulations make […]