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Home » Economy and Infastructure » Free-Market Reforms Will Make Wisconsin Thrive
Economic Development

Free-Market Reforms Will Make Wisconsin Thrive

By James BohnSeptember 27, 2022
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State and local governments in the United States have wide latitude in setting economic policy. In the first half of the 20th century, the progressives chose an economic model for Wisconsin that called for high levels of taxation and government expenditure coupled with extensive regulation of business and labor. The progressives did so because they considered capitalism and market processes as morally unsound and obsolete.

The progressives were wrong. Experience and research show that states in which individuals, businesses and entrepreneurs have greater freedom to work and invest grow more rapidly, have better labor market outcomes and attract more people than states that follow the progressives’ economic model.

Wisconsin has moved away from the progressives’ economic model during the past few decades. Still, there is a long way to go. Here, economist James Bohn looks at what a wide body of research has determined should be done to keep Wisconsin on track.

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What’s New

In Act 10 fight, unions don’t just want you to pay — they want power

December 7, 2023

The many problems with Republicans’ latest childcare bill

December 7, 2023

Legal attack on school choice threatens Public School Open Enrollment

November 30, 2023

Government Scrooges take cut of Christmas tree trade

November 30, 2023
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