I have an amazing job that lets me travel the state to talk about free markets. During these travels, I get to hear from and talk to numerous local elected officials who truly care about their communities. Unfortunately, many of these officials think they have a supernatural understanding of their local marketplaces and the ability to manipulate these markets to be whatever they want them to be. It really doesn’t matter where I go: Nampa, Boise, Pocatello, Ketchum, Post Falls or Sandpoint. Every town has self-proclaimed economic gurus who are making judgments about how to use taxpayer dollars to achieve unparalleled levels of economic prosperity/Wayne Hoffman, Idaho Freedom Foundation. More here.
Question: What role should local government play in economic planning?