Quote of the day…

Today, Elinor Ostrom was awarded the Nobel prize for economics along with Oliver Williamson. In addition to the prestige of winning the award, Ostrom also has the distinction of being the first woman to win the Nobel prize for economics. Ostrom’s work studied how communities manage resources better on their own rather than being told…

Links you may like!

Here are a few links to start your week off! Cato @ Liberty: The Cato Institute’s blog covering a wide array of liberty issues on a national scope. Reason TV: A great resource for videos about current issues. The Austro-Kentuckian: A University of Kentucky student’s blog about economics. Students being excited and knowledgeable about economics…

Rosy assessments vs. the facts

House Speaker Greg Stumbo, D-Prestonsburg, told the Somerset-Pulaski County Chamber of Commerce earlier this week: “Kentucky, overall, has come through the recession very, very well. In the end, if we continue on the same course, I think we will come out of this.” Really? Kentucky’s unemployment rate has been rising and is now at the…

Louisville’s spending transparency site

Last month, Louisville, Kentucky launched a spending transparency site designed to inform citizens about how taxpayer money is spent. The site provides a breakdown of expenses by supplier, fund, department, and description. This is great news and more cities should follow Louisville’s lead While the site does provide useful information it really is not as…