All content by John Phelan
Posts by John Phelan
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Minnesota’s economic news, w/e 1/18/19
A round-up of the last week’s economic news stories in Minnesota....
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Milton Friedman explains why high taxes deter investment
Taxes are incentives. If we tax something, we get less of it. Indeed, this is what so-called 'sin taxes' are based on. High rates of taxation on income from investment - such as the US had until rece...
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Higher taxes mean less innovation
Minnesota has taxes above the national average and Research & Development spending below. New research suggests that the two might be linked. ...
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New York restaurants cut staff hours as minimum wage hits $15
If you want to help low paid workers its simple; you just vote in politicians who promise to make it more expensive to buy their labor and employers will just buy the same amount of labor but at the h...
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Minnesota has lagged the nation on Research & Development spending since 2012
Improved productivity is the main source of per capita income growth. The two main drivers of that are education and Research & Development. Our state performs below average in both. This does not bod...
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