Federalism is a beautiful thing. Under a federalist system,
mixing decentralization with national principles of freedom,
people are free to choose the state which best fits their
lifestyle without giving up the defensive power of a large
national government. However, the freedom of choice is not the
only benefit of decentralization. With differences in state-by-
state policy, we get to see the effects of different policies
under the same national setting. Comparisons between two
different countries with two different cultures, and very
different legal structures in many ways can be like comparing
apples and oranges. On the other hand, states within the same
nation are a bit more culturally similar while having an
identical national governmental structure, controlling for
certain factors. This can be helpful in determining through
empirical data which policies are truly the best at bringing
about certain goals. So what are the effects of the different
economic policies throughout the US? Art Laffer and Steve Mo