Arthur Rolnick argues that incentives offered to businesses are not effective ways to stimulate local economies.
Arthur Rolnick, a senior fellow at the Humphrey School of Public Affairs at the University of Minnesota and a former senior vice-president of the Federal Reserve Bank of Minneapolis, has been urging states to stop participating in bidding wars for decades. "It's at best a zero-sum game," he said. "The evidence is pretty clear that these incentives don't actually create jobs; they just move them from one part of the country to another."
September 15, 2012