Tuesday, November 5, 2013

Kudos to the Post-Dispatch editorial board

The Post-Dispatch editors have a reasonably cogent piece today on the absurdity of $16 million in government subsidies for the renovation of the General American building in downtown St. Louis. The Show-Me Institute has been all over this, so it's good to see that the P-D is coming around. While the editors don't go whole hog for that whole idea that markets are better at allocating resources than governments, they do recognize that these subsidies do not magically create economic growth.