Sunday, July 26, 2009

What's the Problem With California?

California should be leading the nation -- indeed, the world -- in economic prosperity and enjoying all the benefits that such prosperity offers, like job opportunities, increasing incomes, and low unemployment, write Bob Murphy and Jason Clemens.

California has some unparalleled economic advantages, including an incredible array and supply of natural resources, a strategic trade location, a hospitable climate, a highly skilled workforce, and a world-renowned university system, Murphy and Clemens continue.

Yet, people are leaving the state as though it was the second coming of East Berlin before the wall came down.

Murphy and Clemens explain why the Golden State is turning into the IOU state, right here.

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