Good for Bloomberg

Bloomberg has announced that the city will not be helping the Yankees pay for a new stadium. Bravo Mr. Mayor.

The government has isn't good at figuring out which companies make good investments. Even if they were, it would be far outside the list of 'things you need government to do' that is the basis of libertarian philosophy. As for the frequent claim that this is good for other businesses...if it is true (a questionable proposition), they should be the first ones asking George Steinbrenner if they can invest in his new stadium.