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06/19/2019

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A lot can go wrong in a decade and change in a socialist administration that prints money like it’s no tomorrow. Just ask the Weimar Republic, where in 1923, a one million m,ark note could buy you a loaf of bread — until it couldn’t.

Fred, perhaps the only thing that saves the city of Greensboro from this type of fate is the fact that the state requires the city balance its budget every year. It also has enormous reserves. The risk, of course, is that the city drives away potential employers. This has been happening for years. The local political culture has decided it wants to use bells and whistles to attract employers instead of low taxes and low regulation. How is it working for us? Not very well.

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