The federal government has a large presence in state and local policy activities such as education, housing, and transportation.That presence is facilitated by “grants-in-aid” programs, which are subsidies to state and local governments accompanied by top-down regulations. In a new paper, Cato scholar Chris Edwards argues that the aid system produces irresponsible policymaking, and discusses numerous reasons why it is better to fund state activities with state revenues rather than with aid from Washington.
Over the last 200 years, economic progress has helped to bring about both dramatically better standards of living and the extension of individual dignity to women in the developed world. Today the same story of market-driven empowerment is repeating itself in developing countries. In a new paper, Cato scholar Chelsea Follett illustrates how innovation and market participation enable women to achieve greater material prosperity and promote positive cultural change away from sexism.