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Paul Krugman’s Predictions about “Austerity” Aren’t Aging Well
Paul Krugman’s arguments do not fare well against evidence presented in a new book titled "Austerity: When It Works and When It Doesn’t."...
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The ‘labor shortage’ is good for workers
in Economics, Employment
In the hunt for scarce labor, employers will face greater challenges. But workers will face increased opportunities. We should not be so quick to base state policy on tacking the 'labor shortage'. ...
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Walmart’s CEO tells Congress to hike the minimum wage – Well he would say that, wouldn’t he?
If Mr. McMillon thinks Walmart's workers are paid too little, there is nothing stopping him from raising their pay. He doesn't need Congress to make him do it. What Mr. McMillon wants is for Congress to force other businesses to pay their workers more....
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Energy industry there to produce energy, not jobs
If it was the other way around, we could hire people to stand in front of wind turbines blowing at them to make them turn faster. The effect on energy generation would be practically non-existent, but the effect on employment would be limited only by how many blowers could fit in a field. ...
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2019 Legislative Recap
Center of the American Experiment pushed back against far-left policies like the 100% green energy mandate, 70% gas tax hike, and 9% increase in the state budget. Conservative legislators stopped the most radical ideas, but conceded a 6% budget increase. In a surprise victory, a middle-class income tax cut was also passed....
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Economic planning should be done by individuals
in Economics
If you don't believe in government planning, what do you believe in? Milton Friedman gave us the answer. ...
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Lower taxes, not tax credits, are good for state fiscal health
Rather than offering a rag bag of incentives, it seems that the best way to encourage a strong economy and healthy public finances is with simple taxes levied at a low rate on a broad base. ...
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How to Save BIG $$$ on Prescriptions
in Economics, Health Care
I believe this is the first American Experiment post that could lead to immediate and direct savings to your family’s budget. I only ask that, if you do experience significant savings, you remember where you first heard about this cost saving source and support our important work with a tax-deductible contribution. For nearly 30 years American Experiment has delivered relevant intellectual ammunition and sound public policy ideas for the purpose of building a Culture of Prosperity for Minnesota and the Nation. Today I’m very excited to tell you about a drug purchasing option that could immediately save you a lot of...
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Fewer Minnesota teens are working and that is a problem
The decline of teen employment doesn't just exacerbate the challenges Minnesota's aging population poses, it postpones the accumulation of 'soft skills' which will help these kids throughout their working lives. ...
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