taxpayer

In today’s episode of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with University of Arkansas-Little Rock economics professor Erick Elder about a new study, published by the Mercatus Center at George Mason University, about how well state lawmakers are preparing for the next economic recession.

Months have passed since the saga about the fate of Fisker Automotive ended, which was the stimulus-funded electric vehicle flop that always seemed on the verge of bankruptcy but had…

The most recent report (reflecting up until March 31) under the $32 million grant shows that Smith delivered 421 of its vehicles, with $27,343,311 reimbursed to the company with government funds thus far. That calculates to a whopping $64,948 taxpayer subsidy per vehicle.

Solar energy is not a benign, inexpensive energy source.

Fisker’s case illustrates why government bureaucrats are only accidental successes as investors of public money at best, but often are horrific decision makers at worst.

For starters, take away its power over 501(c)(4) applications.