Federal Earmarks Hurt State Economies

A new study by three Harvard faculty finds that seniority of a state’s congressional delegation does lead to more earmarks and federal aid for the state, it doesn’t improve a state’s economy.  In fact, federal aid results in a retrenchment of private-sector capital investment.

In other words, the recent election loss of Arlen Specter and the death of earmark king Jack Murtha may very well be blessings for Pennsylvania’s economy.

Read more at Heritage and Marginal Revolution