A long pondered but only lately realized blog about economics, politics, evaluation, econometrics, Ann Arbor, academia, college football and whatever else comes to mind.
Saturday, February 19, 2011
Thanks for the money, here's the blame
Lessons in fiscal federalism from local councils in the UK. There is a principle of public finance that says it is good to have the taxing and spending authority in the same hands. This article illustrates one of the reasons for that principle.