Muro and his colleagues argue that the initiative aims to address the fact that “many of the nation’s towns and regions struggle under the weight of economic stagnation and social decline.”
The size of the bet is around $80 billion in various industrial subsidies. It is unlikely to pay off as advertised.
These direct subsidies contrast with earlier federal place-based economic development programs, which chiefly used tax credits to encourage investment in poor urban neighborhoods and rural regions. Most research on those programs—which include New Markets Tax Credits (created by President Bill Clinton), Empowerment Zones (George W. Bush), and Opportunity Zones (Donald Trump)—indicates that they have had a negligible impact.
Esta historia es de la edición October 2023 de Reason magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 2023 de Reason magazine.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
The Alzheimer's Test You're Not Allowed To Have
MILLIONS FACE THE shadow of Alzheimer’s, a disease that steals memories and devastates lives.
An Early Test for Alzheimer's
SHOULD YOU BE allowed to take a blood test that could tell you if you’re already at risk of Alzheimer’s disease? Last year, Quest Diagnostics began offering a consumer-initiated blood test for $399 (not covered by insurance) that detects the buildup of proteins associated with the development of Alzheimer’s in customers’ plasma.
Caging Lab-Grown Meat
LAB-GROWN MEAT IS a scientific marvel. We’ve managed, through pure human ingenuity, to create something that looks like meat, cooks like meat, tastes pretty much like meat, and comes from animal cells—yet doesn’t require the slaughter of a single living animal.
The 'Migrant Crime' Wave, Debunked
“THE UNITED STATES is being overrun by the Biden migrant crime,” said former President Donald Trump during a visit to the U.S.-Mexico border in February. “It’s a new form of vicious violation to our country.”
Don't Co-Parent With Congress
I’M ALWAYS PUZZLED when I hear other parents say they’re worried about the effects social media might be having on their children.
Is Chinese Garlic a Threat to National Security?
IS A STAPLE ingredient in your kitchen secretly undermining American sovereignty? Sen. Rick Scott (R–Fla.) seems to believe so.
Launch Approved? Not So Fast, Says Sluggish FAA
MOST AMERICANS ARE eager to see NASA astronauts return to the moon and push humanity’s boundaries with future exploration of Mars.
SpaceX Edges Closer to the Moon
ARTEMIS II IS a crewed moon flyby mission, the first in a series of missions meant to get American astronauts back to the moon and eventually to Mars.
Blaming Tech for Teen Troubles
Jonathan Haidt’s clever, insufficient case against smartphones
The Complicated History of the Spy in Your Pocket
AOOP PULLED over Ivan Lopez in Somerton, Arizona, a small town near the Mexican border.