During the recent election campaign, candidates talked about per capita personal income as a measure of our state’s economic success.
Let’s now pretend that our governor-elect, his staff and his legislature all know that Indiana’s per capita personal income, relative to the nation, is slipping.
Let us further fantasize that these men and women also understand what per capita personal income is and is not, why it is the most commonly used measure of economic well-being and why it is the wrong measure.
Finally, let’s imagine that counties are of consequence to Indiana’s new political elite. This is the greatest assumption we’ll make since it would be a reversal of state policy.