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Taxpayers must pay the freight for over-budget train projects
Topic - Hayek Institute
It is a beautiful place with a tragic history. In 1914, the heir to the Austro-Hungarian throne was assassinated while riding in his carriage in the center of the town by a Serbian nationalist. This act was the spark that ignited World War I. It was a war without purpose that cost millions of lives. Some 80 years later, another Serbian nationalist by the name of Ratko Mladic commanded the Serbian forces that not only killed many residents in Sarajevo, but he is said to have ordered the massacre of 8,000 Bosnian men and boys in the Bosnian city of Srebrenica.
It is hard to make sense of the world without adequate information and the words to explain fundamental concepts. Some good news for the new decade is that the level of economic literacy is rising, thanks in part to tools being developed at free-market think tanks around the world. Americans in particular have several new tools to evaluate how their tax money is being used and how much they are being forced to spend on what; more on that below.