If the federal government is willing to step in and hand out taxpayer dollars to failing officials in cities and states, it creates just as much of a perverse incentive as when they bail out failed companies after bad investments. It just means we get more failed, reckless decision-making in the future.
Blue State Bailouts on the Horizon? - Competitive Enterprise Institute
Whenever we see risky and poorly thought-out ventures in the business world, the negative consequences of those ideas will usually be limited to the shareholders and investors in those companies. If a CEO makes a big gamble with a corporation’s business strategy and it blows up in her face, that’s bad news for people who […]
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