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Episode #79 of the In The Tank Podcast is a best-of edition. This weekly podcast features (as always) interviews, debates, and roundtable discussions that explore the work of think tanks across the country. The show is available for download as part of the Heartland Daily Podcast every Friday. Today’s podcast features work from the Mackinac Center, the Tax Foundation, and the Cato Institute.
This week’s featured work comes from the Mackinac Center. The study titled “An Analysis of State-Funded Tourism Promotion,” dissects the rosy return on investment promoted by Michigan’s tourism agency. Mackinac used data from 48 states over the course of several decades to show that the real return on investment is far less rosy than Michigan’s tourism agency would lead you to believe.
The next item comes form the Tax Foundation. This report titled “Cigarette Smuggling by State, 2014,” illustrates the connection between high cigarette taxes and the growing black market for these tobacco products. Supplementing this study is an article by the Huffington Post titled “Inside New York City’s Dangerous, Multimillion-Dollar Cigarette Black Market.” This article shows that this black market is more than just a harmless practice.
The next item comes from the Cato Institute. The article titled “Privatize Washington’s Metro System,” discusses the poor state of DC’s government-run Metro system. The author compares this to the subway system in Hong Kong which was privatized in 2000. Since its privatization, Hong Kong’s subway system flourished, becoming increasingly reliant as well as increasingly inexpensive for riders.