Easy money and uncontentious budget meetings sound nice in theory. But private and public sectors beware: lack of stressors can make decision-makers undisciplined and obscure huge bills that are sure to come due.
The desperate need to fill pension shortfalls may be wreaking havoc on the financial system.
City officials often ask, “What target price point for new homes will ensure that we can balance our books?” Here’s why they’re asking the wrong question.
Modern Monetary Theory is the financial foundation of the Green New Deal. It’s an experiment our cities don’t want to undertake.
Incremental development doesn’t mean slow development. Here’s how big places that need housing fast can get there using the Strong Towns approach.
When it comes to infrastructure spending, politicians on both ends of the political spectrum get it wrong—but in different ways.
Ever heard road tolls described as punitive to lower-income commuters? Don’t decry them until we fix, or at least acknowledge, these ten other things that are even more inequitable about the way we pay for transportation.
There are many ways for state and local governments to run hidden deficits, one of which is deferred maintenance. But it turns out there is a way to measure the extent to which local governments kick the maintenance can down the road.
In an area where the population is growing, one question often vexes neighbors: why is that house or storefront vacant? It just doesn’t seem to make sense. Why do landlords leave properties empty when they could be getting rent?
Charging electric scooter companies for their use of public space is sensible, but why stop there? What if car drivers were actually asked to pay the full costs they impose as well?
The phrase "value capture" has been tossed around a lot lately. Here's what it does and doesn't mean.
We're on a smoother ride to the same general, crappy destination.
Local governments have a moral duty to pursue growth and investment strategies that have no chance of blowing up.
Charles Darwin said, "Ignorance more frequently begets confidence than does knowledge.”
Modern Monetary Theory is growing in populist appeal, but it doesn't address the problems we are struggling to overcome with the Strong Towns movement.
Here’s how to adapt the 12-step model for a community wanting to come to grips with financial insolvency.
The crazy distortions we see in housing and real estate won't be solved by centralized interventions, be they corporate or government. Only at the local level do we have the nuance to start creating something that works.
Cities need to be given the responsibility -- and the ability -- to fund their own local transportation improvements.
The best kind of horror filmmakers, like the best kind of placemakers, find ways not just to survive their budgetary shortcomings, but to make work that is more creative and exciting because of that constraint.
In this interview, Chuck Marohn and Russ Roberts, host of the EconTalk podcast, discuss the political appeal of infrastructure spending vs. the economics perspective. They also talk about how to ensure a good return on investment and how to focus on smaller-scale projects.