The 3.0 agenda: Detroit

I want to apply the Friedman and Mandelbaum standard I wrote about in my last post to Detroit. They insightfully  assert that "the purpose of the exercise: It is not simply to reduce the deficit but to insure prosperity. Solvency…

Read More

Its the bailout!

Michigan's better than the nation economy for the last year or so is primarily the result of the federal government's huge bailout of the domestic auto industry. End of story! As I wrote previously it is big government in action…

Read More

The reality of transfer payments

As we explored in a previous post,  transfer payments are highest in America's small towns, not its big metros. The same is true of government employment earnings. And the reverse is true for private sector employment earnings. Each contrary to…

Read More

Dan Gilbert on Detroit

It was my pleasure to participate in the second annual Detroit Revitalization and Business conference organized by MBA students at the University of Michigan's Ross School. (For background see Matthew Neagle's post on the first conference.) That a group of…

Read More

The good and the bad on higher education

Mixed news to say the least on making higher education a priority in Michigan. In a world where increasingly the most prosperous individuals and communities are characterized by college attainment, how we view our community colleges and universities matters a…

Read More