The Economics Behind the Issues: The Dependency Trap

At this month’s Citizen Education Seminar on Kentucky’s economic competitiveness, jointly hosted by the Bluegrass Institute and the Mercatus Center at George Mason University,  John Garen, Ph.D., economics professor at the University of Kentucky and chair of the Bluegrass Institute’s Board of Scholars, discussed the “dependency trap” which the commonwealth has fallen so deeply into. In…

Weak attempt at reform

While state lawmakers and defenders of the status-quo pat themselves on the back for a last-minute, “successful” legislative session, the standard of living for all Kentuckians continues to be in danger. Once again, state lawmakers failed during a legislative session to enact meaningful public pension system reform. Rather than take effective action against a $34…

Op-Ed: Major reforms needed to repair Kentucky’s broken pension system

The following is an op-ed I submitted for publication in the Lexington Herald-Leader. It was printed on Monday April 15, 2012. You can view the letter on the paper’s website here. If Kentucky’s public pension system was a private-sector business, it would have been forced to close its doors many years ago. Unfortunately, the pension…

The federal income tax centennial: No reason to celebrate

By D. Eric Schansberg, Ph.D. Despite establishing a blue ribbon commission, Gov. Beshear’s administration failed to make any progress in reforming Kentucky’s antiquated and burdensome tax code during this year’s General Assembly. But Kentucky is not the only place where tax reform is needed. It’s badly needed on the federal level, as well. This year…