AdvancingTime
Senior Member
- Feb 8, 2015
- 150
- 20
- 46
What happens when central banks pile QE upon QE upon QE? My local government is the perfect example, several projects proposed in the city where I live reflects what is happening across much of America. We should all be concerned at how financial restraint is being cast aside to create cookie-cutter cities and an illusion of growth.
My city government is on a "spendathon" of gigantic proportions and getting more involved in private endeavors. These projects are often described as quintessential models of the public-private partnership where businesses and the community come together to create something that truly moves the needle for the region thus elevating the whole area.
This is a strong signal that crony capitalism has grown to where government and quasi-government entities have become the main engine of growth. My only fear is that in the end taxpayers will be presented with a bill for these boondoggles and the current exuberance. The article below gives examples of overreach in the city where I reside.
Advancing Time: An Example Of Local Government Run Amuck!
My city government is on a "spendathon" of gigantic proportions and getting more involved in private endeavors. These projects are often described as quintessential models of the public-private partnership where businesses and the community come together to create something that truly moves the needle for the region thus elevating the whole area.
This is a strong signal that crony capitalism has grown to where government and quasi-government entities have become the main engine of growth. My only fear is that in the end taxpayers will be presented with a bill for these boondoggles and the current exuberance. The article below gives examples of overreach in the city where I reside.
Advancing Time: An Example Of Local Government Run Amuck!