Throughout the COVID-19 pandemic, the Federal Reserve Bank and Congress have taken unprecedented steps to stabilize the economy after entire industries and sectors ground to a halt last year amidst the public health crisis. The Fed has kept interest rates near zero, created lending programs to pump trillions of dollars into the economy, and bought…
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When Addressing City Finances, Don’t Play the Blame Game
Commentary After reviewing my ranking of Orange County cities based on their per capita unrestricted net positions, a resident approached his city council for an explanation. He was informed, in writing, that it is just “a single indicator of the financial health of a city.” This is true. It is a temperature gauge. And since…