Tag: Economics
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Wichita Airport statistics: The video
To keep airfares low at the Wichita Airport, the Wichita City Council in partnership with Sedgwick County and the State of Kansas pays a discount air carrier to operate in Wichita. While the program almost certainly has the intended effect on airfares, there is another effect: The trend of flights and seats available in Wichita…
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Kansas Affordable Airfares program: Benefits and consequences
To keep airfares low at the Wichita Airport, the Wichita City Council in partnership with Sedgwick County and the State of Kansas, pays a discount air carrier to operate in Wichita. While the program almost certainly works with regard to airfares, there is another effect of the program: The trend of flights and seats available…
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The harm of business welfare
What is the effect of the issuance of business welfare in Wichita, of the intervention in the economy by politicians?
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‘Economics in One Lesson’ explains today’s economics
Economics In One Lesson, first published in 1946 and reissued by the Ludwig von Mises Institute, explains common fallacies (false or mistaken ideas) that are particularly common in the field of economics and public policy.
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Laws that do harm
As we approach another birthday of Milton Friedman, here’s his column from Newsweek in 1982 that explains that despite good intentions, the result of government intervention often harms those it is intended to help.
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Wichita airport statistics: the visualization
While the program to reduce airfares in Wichita has probably met that goal, there have been consequences.
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Wichita airfares, on the rise
A survey shows that airfares in Wichita have both fallen and risen in recent years, even though the City of Wichita, Sedgwick County, and the State of Kansas spend millions each year to keep airfares low.
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Local economic development incentives: The economic perspective
Economist Russell Sobel spoke in Wichita on the topic of local economic development incentives.
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Business tax credits more desired than zero tax rates
A Kansas business welfare program is more attractive and valuable than elimination of the Kansas corporate income tax, at least for some influential corporations in Kansas.
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Sedgwick is a red county in a pink state
Sedgwick County is bleeding income.
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Where is the downtown Wichita tax base?
There’s been much investment in downtown Wichita, we’re told, but the goal of increasing the tax base is farther away rather than closer.