Gary Becker, University of Chicago Nobel Laureate in economics, has a must read article in today’s Wall Street Journal. The article echos much of what we here at MGC have been arguing – government failure as a cause of the recession, failure of stimulus and monetary policy to boost economic recovery, the necessity of…
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The failed and bankrupt Los Angeles public school district is spending money like there’s no tomorrow�which for the students it’s failing to educate is unfortunately true. The school district, currently running a $640 million deficit, is spending $578 million�about $140,000 per student�on a new, 24-acre school in the middle of Los Angeles. At the…
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