[2][3] The libertarian Nevada Policy Research Institute blames the financial crisis in Nevada, especially Las Vegas, on poor monetary policies, moral hazards created by government bailouts, and bad regulations such as the Community Reinvestment Act and the Security and Exchange Commission allowing several investment banks to increase their capital ratios.
The result, according to NPRI was to rapidly increase home prices in Nevada, from a median level of about $130,000 to about $330,000 in less than 3 years.
Governor Jim Gibbons has successfully pushed for spending cuts, which have allowed Nevada to balance its budget.
[6] Barbara Buckley is supported by Nevada System of Higher Education Chancellor Jim Rogers and TV personality Jon Ralston.
[7] NPRI, state senator Bob Beers and Chuck Muth of Citizen Outreach all oppose raising taxes.