People follow jobs, and jobs follow freedom. That's one of the main results from the third and much improved edition of the Mercatus Center's "Freedom in the Fifty States: Index of Personal and Economic Freedom."…

Michigan Gov. Rick Snyder recently announced that he would assign an emergency financial manager to Detroit, stating that the city cannot feasibly pay back its $14 billion in debt and long-term liabilities. The governor asserted that local policymakers have failed to provide basic services that Michigan municipalities are required to provide their residents.…

Several high-profile municipal bankruptcies have drawn attention to the rising tab for public worker benefits, due to undervalued and underfunded pension plans. But some of the biggest recent fiscal emergencies, which have swallowed up the financial resources of Jefferson County, Ala.…