Opinion

Downtowns change, like it or not

Four years ago, communities in North Carolina and beyond were reeling from the COVID-induced Great Suppression. After spiking into double digits in April 2020, the state’s headline jobless rate was still a painful 7.3% by August, with some 376,000 fewer North Carolinians employed than on the eve of the pandemic. Central business districts of Raleigh,...

John Hood

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Opinion

To boost downtowns, make them safer

North Carolina continues to exhibit impressive economic performance. Last year, for example, only five states — Idaho, Tennessee, Florida, Nevada, and Texas — enjoyed faster growth in gross domestic product than we did. Our inflation-adjusted rate of 3.2% surpassed the national (2.1%) and regional (2.6%) averages. Now, it’s fair to point out that North Carolina’s...

John Hood
Opinion

State ranks poorly on remote taxes

North Carolinians are by now accustomed to seeing our state score well on national rankings of economic performance, cost of living, quality of life, and other measures. But a new study from the foundation arm of the National Taxpayers Union ranks North Carolina a dismal 42nd. No, there was no overnight tax increase while you...

John Hood
Opinion

Liberate markets to help workers succeed

I have two favorite quotes from Ronald Reagan about the world of work. The first one illustrates his mastery of an indispensable political tool: self-deprecating humor. “It’s true hard work never killed anybody,” he quipped, “but I figure, why take the chance?” My other favorite Reagan quote makes a serious point: “I believe the best...

John Hood
Opinion

How can we slow the increase in house prices?

In 2020, the average house price rose 11%. In 2021 home prices jumped another 19%. And, if the price gains in early 2022 continued for the entire year, the price of the average home will increase by 28%. Including compounding, this would mean an astounding 69% rise in home prices over three years. Importantly, the...

Michael L. Walden