New at Cato: public employee binding arbitration

I’ve got a new blog post up at Cato on the article in yesterday’s New York Times tracing how unsustainable police and fire contracts — the product, more specifically, of a pro-union state law imposing binding arbitration on municipalities — have driven the city of Central Falls to the brink of bankruptcy. Read it here. Matt Welch discusses the same article at Reason “Hit and Run.”