New findings from the Mercatus Center highlight how Illinois’ reliance on debt and costly pension and other employment benefits have put the state on the wrong fiscal track.
Illinois needs a combination of constitutional and statutory changes to put and keep the state on sound fiscal footing and allow it to pay its providers and better prepare for emergencies.
Chicago’s many bureaucratic barriers to starting a business shield established businesses from competition and keep low-income entrepreneurs from getting ahead.
An important debate about the future of the Export-Import Bank of the United States is raging in Congress and in the media. The House Financial Services Committee held a hearing last month to ask if the bank was “corporate necessity or corporate welfare?” The Ex-Im Bank originated as a New Deal-era program, financing loans to...
The Mercatus Center, which conducts market-oriented research at George Mason University, released a study ranking the 50 states based on whether or not government polices promote fiscal and personal freedoms.
by Emily Dietrich In page after page of Atlas Shrugged, Ayn Rand depicts her real life hero – the entrepreneur. After a Library of Congress survey revealed that readers of Atlas Shrugged rate the novel only second to the Bible as the most influential book in their lives, it’s no surprise that this way of thinking has taken root. Entrepreneurs...
by Sameer Warraich Last week, Crain’s Chicago Business reported the results of recent research on the manufacturing performance of all 50 states. The study, by Ball State’s Center for Business and Economic Research, gave each state a grade based on criteria including manufacturing and logistics health, human capital, cost of benefits, global position and diversification of industries,...
by Brian Costin A new study out by the Mercatus Center of George Mason University shows that Illinois ranks poorly when it comes to Freedom amongst the states. This study comprehensively ranks the American states on their public policies that affect individual freedoms in the economic, social, and personal spheres. Here’s Illinois’s rankings in each of the categories. 27/50 regulatory policy...
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...