Restraining State Spending through Governance Reform

Bacon’s Rebellion featured Matt Mitchell and Nick Tuszynski’s recent paper on state spending restraints.

Fiscal policy is on an unsustainable path at all levels of government. While reformers should look for ways to reduce spending on particular budget items, tomorrow’s legislatures may easily reverse these cuts, argue Matthew Mitchell and Nick Tuszynski with George Mason University’s Mercatus Center. By contrast, they write, “a change in the rules that govern the political process—the ‘institutions’ that shape a budget—can have a lasting effect on spending for years to come.”