Manufacturing Crisis: Illinois Pension Systems Edition
In the book, we tackle the big question whether crisis is necesary or sufficient for significant reform. Many people seem to think so, including Milton Friedman and Chicago’s Mayor Rahm Emanuel. As we write in chapter 1, political entrepreneurs can often be seen attempting to building the perception of a crisis: If you listen to politicians and pundits enough, crises both real and imagined will become exceedingly common. That’s because madmen in authority are expected…
Read more»