2007 Cost-of-Doing-Business Index
Reader Comments
| September 3, 2007 |  View for printing |
Based on these metrics, America’s Heartland is the place to be. The lowest cost states are (in rank order): South Dakota, Iowa, North Dakota, Nebraska, and Idaho.
Hawaii, New York and Alaska are the most expensive states for businesses, maintaining the top three spots for the second consecutive Milken Institute Cost-of-Doing-Business Index. All three states increased their year-over-year overall costs. A major factor in the rankings is the cost of electricity.
Full Story: http://www.milkeninstitute.org/resea ... 29&type=CDB
Reader Comments:
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This shallow yearly analysis gives routine 'air cover' for s**t-ignorant state politicians, who use it to justify very bad policy, or the lack of putting forth good policies that might be hard work, but productive in the end. It harkens back to George Mason University Dr. Bryan Caplan's "Idea Trap", and its 3 laws: 1..Good ideas cause good policies 2. Good policies cause good growth. The third law is much less intuitive: 3. Good growth causes good ideas. "The bad news is that you can also get mired in the opposite outcome. A society [i.e. state] can get stuck in an "idea trap," where bad ideas lead to bad policy, bad policy leads to bad growth, and bad growth cements bad ideas. Once you fall into this trap, all it often takes is common sense to get out. But when people are desperate, common sense gets even less common than usual." The notion of all that matters is "cost" has done more damage to Idaho than anything in the post Cold War era. |
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