Tyler Cowen — Has fiscal conservatism met an impasse at the state level?

Tyler throws in the towel. Grover won't be pleased. 

More concretely, trying to cut taxes at the state level doesn’t seem like a useful or productive way forward.

If you have a better revisionist take on Louisiana and Kansas, please do put it in the comments, I would gladly read it, and if you have something really good I will pass it along. But I see myself as stating what has to be the default hypothesis for the time being — should we not all come out and admit this?

Thanks, Governors Brownback and Jindal.

That old Laffer curve just isn't what it's cracked up to be, especially for governments that are currency users rather than currency issuers. In the US, that would be state and local governments.

Marginal Revolution
Has fiscal conservatism met an impasse at the state level?
Tyler Cowen | Holbert C. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus CentEr