By: Shayna Cohen With approximately two out of every three high school graduates enrolled in university or college, higher education is an expectation for adults in the United States. By working hard in college, people hope to increase their social standing, job prospects, and earning potential. However, affording the high price tag of these aspirations … Continue reading Financing America’s Colleges: The Reality of Pell Grants
Time to Revisit Private History of Mass Transit
By Giovanna Da Silva Tallahassee’s public bus transportation system, Starmetro, has been the subject of criticism among community members who use the buses. With a 3.0 star rating (out of five) on Google reviews, many complain about the poor quality of service, lack of cleanliness, tardiness, and limited bus routes and times. Complaints about public … Continue reading Time to Revisit Private History of Mass Transit
Crony Capitalism and the Rising Price of the EpiPen
By William Reynolds Monopolies are often the by-product of market failures that are induced through crony capitalist policies. Crony capitalist policies are pieces of legislation enacted to benefit politicians and private companies at the cost of the consumers. The ramifications of these policies on competitive markets can be far-reaching, and in certain instances have larger … Continue reading Crony Capitalism and the Rising Price of the EpiPen
Private Sector Can Shoulder Some of the Risk for New Road Construction
By Giovanna da Silva The 21st century has seen a substantial increase in public-private partnerships in the United States and around the world. The basic principle behind public-private partnerships, or P3s, is that government works with the private sector in order to build and finance public works projects. P3s have been increasingly encouraged by state … Continue reading Private Sector Can Shoulder Some of the Risk for New Road Construction
Israeli Consumers Would Benefit from Greater Competition in Agricultural Industry
By Kristen Carpenter A gallon of milk in Israel costs approximately $6 and eggs are priced at around $3.50. Meanwhile, the prices of milk and eggs in the United States cost consumers about half as much: $3.20 and $2.41, respectively. Israel’s high food costs can largely be attributed to the country’s arid and hilly landscape … Continue reading Israeli Consumers Would Benefit from Greater Competition in Agricultural Industry
Why the U.S. Should Adopt the Nordic Approach to Private Roads
By Giovanna da Silva Many view the United States as a free market capitalist state and Nordic countries such as Sweden and Finland as socialist due to their extensive welfare system. Yet, in the United States, most roads, highways, and other transportation infrastructure are publicly owned and operated. Meanwhile, the vast majority of roads in … Continue reading Why the U.S. Should Adopt the Nordic Approach to Private Roads
After this Hurricane Season, We Need to Rethink Flood Insurance
Giovanna Dasilva With the national spotlight on flooding caused by hurricanes Harvey and Irma, the National Flood Insurance Program (NFIP) has come under scrutiny. The federal program primarily focuses on offering flood insurance coverage and reducing the impact of flood damage. The NFIP was established in 1968 to counteract a market failure on the … Continue reading After this Hurricane Season, We Need to Rethink Flood Insurance
Citizens Property Insurance Corporation Still Vulnerable to Underfunding
By Chad Thomas Florida’s Citizens Property Insurance Corporation (Citizens) is a state-run insurer of last resort for commercial and residential property owners unable to afford a policy in the private market. Citizens tends to insure wealthy homeowners along the coast, where property values and the risk of damage are highest. In 2002, the Florida Windstorm … Continue reading Citizens Property Insurance Corporation Still Vulnerable to Underfunding
New Study Explores Crony Capitalism in Florida
A new study published by The James Madison Institute by DeVoe L. Moore Center Policy Analyst Matthew Kelly and Center Director Samuel Staley explores two examples of crony capitalism in Florida's government policy: sports stadium subsidies and film tax incentives. The authors urge Floridians to remain vigilant over the spending of their tax dollars by government … Continue reading New Study Explores Crony Capitalism in Florida
Targeted Industry Tax Incentives in Florida
By Marisa Lupica Tax incentives are a significant but ineffective part of states’ economic development policy. As of 2012 states spent an estimated $80.4 billion annually on tax incentives for businesses. Yet, most economic research on the subject finds that targeted tax incentives are ineffective at attracting businesses, creating jobs, or improving a state’s economic … Continue reading Targeted Industry Tax Incentives in Florida
Decision-making in a Community Redevelopment Agency
By Casey Barr As discussed in a previous blog post, Community Redevelopment Agencies (CRAs) are a form of special district government that funds local redevelopment projects with taxpayer subsidies. But how are spending and organizational decisions made in a CRA? (Source: City of Tallahassee. Available at: https://www.talgov.com/cra/CRAHome.aspx) CRAs can only be established when two governmental units, such … Continue reading Decision-making in a Community Redevelopment Agency
Community Redevelopment Agencies
By Casey Barr Local governments face the perennial dilemma of obtaining money to fund community redevelopment projects. Requesting state or federal funds can be an arduous bureaucratic process, and these funds are often awarded to larger, more prominent cities, ignoring smaller towns where need is arguably greater. Community Redevelopment Agencies (CRAs) allow local governments to … Continue reading Community Redevelopment Agencies
The Top 10 Highest Earning Counties in Florida
By: Igor Lukashevich and Nadia James The top six Florida counties for revenue intake per capita are as follows: Duval, Monroe, Miami-Dade, Franklin, Charlotte, and Collier. Total revenues for counties follow very closely with total expenditures, as the same six counties also topped the list for expenditures per capita. This relationship makes sense because the … Continue reading The Top 10 Highest Earning Counties in Florida
Citizens Property Insurance Corporation is Regressive and Risky
By Matt Kelly Citizens Property Insurance Corporation was formed by the Florida Legislature in 2002 for the purpose of serving Florida’s residual property insurance market. Its creation was justified by the argument that middle-income residents have a tough time purchasing insurance in a hurricane-prone state like Florida, and public subsidies were needed to even the … Continue reading Citizens Property Insurance Corporation is Regressive and Risky
Price Regulations Complicate Net Metering and Solar Energy
By Logan Shewmaker As in four other states, all electricity for residential use in Florida must be purchased from franchised utility companies. However, solar energy advocates are trying to change this by allowing private purchase agreements between residents and solar companies in order to expand rooftop solar power production in the Sunshine State. Crucial to … Continue reading Price Regulations Complicate Net Metering and Solar Energy
Is Florida All Aboard for Intercity Railroads?
By Matt Kelly A battle over railroads is underway in the Sunshine State. Activists in Florida have stridently protested All Aboard Florida (AAF), which will launch the United State’s first privately funded and operated intercity rail service in over 50 years. AAF’s opponents strongly doubts the enterprise’s financial viability. Generally, rail services across the country … Continue reading Is Florida All Aboard for Intercity Railroads?
Depopulation of Citizens Property Insurance Should Continue
By Matt Kelly On February 17th, 2015, Florida state Senator Anitere Flores filed SB 1006, which would place restrictions on shifting insurance policies from state-backed Citizens Property Insurance Corporation to private sector insurers. Citizens’ policyholders would be notified before being transferred to private insurers, who would be barred from increasing premiums more than 10% annually … Continue reading Depopulation of Citizens Property Insurance Should Continue
Orlando’s Soccer Stadium Not Worth Public Investment
By Logan Shewmaker U.S. Major League Soccer (MLS) is pushing to expand into Florida. Between 2008 and 2013, the average MLS franchise’s market capitaliztion grew 175 percent. The average attendance for MLS games exceeds 18,000, higher than the NBA. “The beautiful game” is growing in the United States, but does MLS growth justify public subsidies? … Continue reading Orlando’s Soccer Stadium Not Worth Public Investment
Sports Stadiums Not Worth Public Subsidies
By Logan Shewmaker Next time you attend a ballgame, consider for a moment the monumental effort necessary to build a sports stadium. Surely, stadiums are among the most impressive structures ever built. Tourists continue to marvel at the architectural wonder of Rome’s Coliseum. But does that justify public subsidies? Three-fourths of stadiums in the U.S. … Continue reading Sports Stadiums Not Worth Public Subsidies
The Changing Landscape of Urban Transportation
Original post date: October 10, 2014 Article by: Ben Douglas Uber CEO Travis Kalanick recently released his vision for the future, touting “a million fewer cars on the road,” along with reduced congestion, emissions, and DUIs. If this vision is realized, in combination with an aging driving demographic and the rise of driverless cars, it … Continue reading The Changing Landscape of Urban Transportation
The Two Kinds of Capitalism
Original post date: February 12, 2014 Article by: Ben Douglas 6/7/2023 Edits: Some links that were no longer working have been fixed. The term “capitalism” is often thrown around in American political discourse without a specified or coherent meaning. Frequently in a debate, opposing parties will attack or defend their own perceived ideas of what … Continue reading The Two Kinds of Capitalism
Solar Energy Users Left in the Dark by Utilities
Original post date: February 06, 2014 Article by: Anonymous Solar powered homes are becoming increasingly ubiquitous as US citizens move toward more environmentally sustainable ways of using energy. In 2013 rooftop solar systems were being installed at a rate of one new installation every 4 minutes. Although the Obama Administration is pushing for public and … Continue reading Solar Energy Users Left in the Dark by Utilities
Transit as an Inferior Good
Original post date: November 25, 2013 Article by: Ben Douglas 6/6/2023 Edits: Some links that were no longer working have been fixed. Mass transit is frequently accompanied by mass-subsidization, cartelization, and monopolies. This chronic need for artificial support might be an indication of its inherent inferiority as an economically valued good or service. If consumers … Continue reading Transit as an Inferior Good
Preliminary Prices on Obamacare Exchanges Exceeds Estimates
Original post date: October 30, 2013 Article by: Anonymous Now that October 1 has passed, the online marketplaces for health insurance under Obamacare are open for business. Individuals are free to browse the site and choose any policy available to them after answering some questions and being guided through their options. So far, site traffic … Continue reading Preliminary Prices on Obamacare Exchanges Exceeds Estimates
Buildings Don’t Create Permanent Jobs
Original post date: March 22, 2013 Article by: Sam Staley 5/8/2023 Edits: Some links that were no longer compatible have been fixed. Gaines Street is the "it" place for Tallahassee's economic redevelopment initiatives, skirting the northern edge of the southern border of the Frenchtown/Southside Community Redevelopment Area. With large new projects going up along the … Continue reading Buildings Don’t Create Permanent Jobs