“More than a year after Gov. Jerry Brown signed a law he said would tamp down pension spiking,” noted Jon Ortiz in the Sacramento Bee, “the state’s biggest public pension fund is on the verge of adopting rules critics say would undermine its intent.” That pension fund, CalPERS, went on to adopt the new…
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Does government spending on big infrastructure projects really increase economic growth in the long run? That’s an important question, because governments will often borrow large sums of money for the sake of building major infrastructure projects as they sell taxpayers on the notion that they’ll be rewarded with higher economic growth over time — particularly…
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