Some urban areas have declined in recent decades. Others have thrived. What’s the difference between the two groups?
Economist Stephen Walters of Loyola University Maryland identifies one key difference: Cities that have thrived have reduced property tax rates and taken other steps to protect property rights. Those steps have, in turn, encouraged capital to flow back toward urban cores.
Walters makes this argument in the recent book Boom Towns, and he discussed key themes from the book during a speech today to the John Locke Foundation’s Shaftesbury Society. In the video clip below, Walters recaps his key argument.
Click play below to watch the full 53:00 event.
You’ll find other John Locke Foundation video presentations here.
