“On paper, the city’s economy appears to be thriving, with relatively low unemployment, foreclosure and bankruptcy rates. But in post-Katrina New Orleans, residents’ perceptions of their city’s recovery tends to depend on where they live, their vantage point of it. Swaths of some neighborhoods are sparsely populated, even desolate, and federal rebuilding dollars have provided much of the economic resilience.” (Associated Press, Thursday)
Is anyone surprised?
FEE Timely Classic
“Another Case History of a Government Failure” by Bernard H. Siegan
