3min chapter

Very Serious with Josh Barro cover image

David Schleicher on the Fiscal Whipsaw in State Governments

Very Serious with Josh Barro

CHAPTER

The Cost of Government in New York

Don't you then get the potential for a vicious cycle there? I mean, you know, you have net outflows from these states. You can point to a lot of different reasons for that. The cost of government in New York is just much higher than anywhere else. But if the government gets 10% worse, are you really going to leave your gorgeous house in Malibu? No, not probably not.

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