In an illuminating discussion in scenic Cumberland County, Tennessee, 'Marketplace' host Kai Ryssdal and ADP Chief Economist Nela Richardson explore the county's remarkable economic turnaround. Attributed to a robust embrace of free market principles and minimal regulatory interference, Cumberland County is hailed as a model for economic growth and prosperity in the U.S. The county's emphasis on entrepreneurism, low taxes, and business-friendly policies are heralded as the cornerstone of its success, offering a compelling argument against the counterproductive nature of excessive government intervention in the economy. This case study reinforces the belief that the path to a thriving national economy lies in empowering local communities and businesses to innovate and expand without burdensome constraints.
Cumberland County, Tennessee: A Testament to the Power of Free Market Policies in Revitalizing America
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Just outside a pickleball court in Cumberland County, Tennessee, “Marketplace” host Kai Ryssdal asked ADP Chief Economist Nela Richardson an existential question: “Why are we here?” he said. “We are here because Cumberland County is the future,” she replied. …
In the heart of Tennessee, Cumberland County emerges as a groundbreaking example of how rural areas can revitalize their economies and lead the way towards a sustainable and inclusive future for the United States. During a candid conversation outside a bustling pickleball court, 'Marketplace' host Kai Ryssdal and ADP Chief Economist Nela Richardson delve into why this region's innovative approach to economic development, emphasizing community engagement and green initiatives, sets a precedent for national economic policy. Cumberland County's success story underscores the importance of investing in underserved areas, proving that with the right strategies, rural America can thrive and contribute significantly to the nation's economic diversity and resilience.