Alabama at the Crossroads: An Economic Guide to a Fiscally Sustainable Future

104 Pages Posted: 7 Jun 2018

See all articles by John A. Dove

John A. Dove

Troy University - Manuel H. Johnson Center for Political Economy

Daniel J. Smith

Middle Tennessee State University - Department of Economics and Finance

Date Written: 03/22/2016

Abstract

Alabama has been traveling down a fiscally unsustainable road. The burden of unchecked fiscal irresponsibility will ultimately fall on taxpayers, making Alabama an unattractive location for residency or business. This path has led Alabama to a crossroads, one where the choice is to continue down the same unsustainable path or to take the alternative road of fiscal and economic reform. Through reform, Alabama can set itself on the road to economic freedom and prosperity, thereby making the state an attractive location for entrepreneurship, investment, and job creation. This study analyzes the road Alabama has been traveling and the crossroads it has brought Alabama to today, and offers reforms that would put the state on an alternative path toward prosperity-enhancing economic freedom and limited government. Those changes include budget, tax, public-sector pension, constitutional, and regulatory reforms.

Suggested Citation

Dove, John A. and Smith, Daniel J., Alabama at the Crossroads: An Economic Guide to a Fiscally Sustainable Future (03/22/2016). MERCATUS RESEARCH. Available at SSRN: https://ssrn.com/abstract=3191399 or http://dx.doi.org/10.2139/ssrn.3191399

John A. Dove (Contact Author)

Troy University - Manuel H. Johnson Center for Political Economy ( email )

Bibb Graves Hall
Troy, AL 36082
United States

Daniel J. Smith

Middle Tennessee State University - Department of Economics and Finance ( email )

MTSU Box 190
1301 E. Main St.
Murfreesboro, TN 37132-0001
United States

HOME PAGE: http://www.danieljosephsmith.com/

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