Towns Have Too Much Power, But Not the Power They Need

Originally published in The Boston Globe

July 12, 2012
Edward Glaeser (Glimp Professor of Economics, Harvard University)

What good is there in having scores of publicly managed micro-hedge-funds dotting the Commonwealth? In Massachusetts, while state law mandates the terms of public pensions paid by local governments, local investment boards still manage their portfolio decisions. More >(Need subscription to The Boston Globe)