Over at Neighborood Effects, Mercatus Center’s Dan Rothschild has more on Brad Pitt’s quest for stimulus dollars. I like his analysis of the negative consequences that could result from nonprofits seeking stimulus funds or other forms of government funding. Rothschild writes:
There is a real danger that if social entrepreneurs and non-profits like Pitt’s become dependent upon federal funds, they will in effect become arms of the federal government. This would have a dangerous effect on civil society, and reduce our resilience to disasters and shocks, whether natural or economic.
He makes another good point:
And moreover, having one of the lowest unemployment rates in the country, is New Orleans really the ideal place to invest stimulus cash?
His post is here.