Mises Wire
Author:
Randall G. Holcombe
Online Publish Date:
Sometimes, a federal grant is worthless. The federal government has the ability to attach enough costly provisions to its grants that the net value is less than zero. A recent case in my home town of Tallahassee illustrates this. The Tallahassee Democrat , May 21, page A1 (sorry, no link because a subscription is required) reports that project