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The Platinum Rule
The Golden Rule, “Whoever has the gold makes the rule,” has turned into the Platinum Rule: “He who has the government’s American Excess Platinum Card makes the rules.” Because state politicians lack the power to spend significantly in excess of annual revenues, thanks to state constitutional balanced budget provisions, they turn to Uncle Sugar. The first taste may be free, but then come the demands. This bipartisan political dynamic has pernicious effects on the constitutional balance between states and the federal government. nationalizing much of our policy, right down to local government and so right down to where you live.
But wait, we hear all the time about states in debt, what is this state constitutional limit talk?
Admit it: you’re a nerd. Admit it, Ricochet!
Last month, I testified before the New York State Advisory Committee to the United States 
President Trump’s Department of Housing and Urban Development (HUD) 
New York City recently implemented its far-reaching 
New York Governor Andrew Cuomo signed the grandly 
A few simple premises of economic theory have the power to generate a wealth of powerful and instructive insights. Nowhere is that more true than with the 
In my 
In his excellent article, “