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David Bier - The Case for Abolishing the EDA

David Bier - The Case for Abolishing the EDA

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Recent federal stimulus packages to revitalize America’s
troubled economy share a common heritage with the
four decade-old Economic Development Administration
(EDA)—they both are based on the belief that
America’s international competitiveness and economic
growth depend on government investments. This
approach is fundamentally flawed. Not only do such
grants not create economic growth, they are actively
harmful to it.
Recent federal stimulus packages to revitalize America’s
troubled economy share a common heritage with the
four decade-old Economic Development Administration
(EDA)—they both are based on the belief that
America’s international competitiveness and economic
growth depend on government investments. This
approach is fundamentally flawed. Not only do such
grants not create economic growth, they are actively
harmful to it.

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Published by: Competitive Enterprise Institute on Sep 18, 2012
Copyright:Attribution Non-commercial

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07/10/2013

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