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Watch American Experiment’s Testimony on the Impact of The Tax Cuts and Jobs Act on Minnesota’s Economy

As John Phelan noted last night, he and I spent yesterday in Washington, D.C., where I testified before the Joint Economic Committee of Congress on the impact of the Tax Cuts and Jobs Act on Minnesota's economy. John posted the written testimony that we supplied to the committee. Here you can see the entire hearing, presided over by the committee's Chairman, Erik Paulsen. Minnesota Senator Amy Klobuchar took a break from the Judiciary Committee's hearing on Brett Kavanaugh's nomination to the Supreme Court to participate, as well. Happily, the Joint Economic Committee's hearing exhibited a more appropriate level of decorum than...

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The Virtues of Charitable Efforts Syncing with Business Requirements

Labor Day was a perfect day for the Star Tribune to run pieces about two of the best programs in the Twin Cities aimed at helping low-income men and women gain stronger footholds in the local job market: Twin Cities Rise founded in 1993; and Microgrants founded in 2006.  Common to each is respect (goes the adage) for an “honest day’s work,” as well as recognition that their charitable efforts must sync with business requirements if they are to serve on all cylinders. I’ve long appreciated Twin Cities Rise as uncommonly market-based, as that was the vision of Steve Rothschild, who...

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UN Says Capitalism Must End to Save the Planet- Another Yawn

A new report commissioned by a group of scientists appointed by the UN Secretary-General claims capitalism, as we know it, is over. The team from the BIOS Research Unit in Finland were asked to provide research that would feed into the drafting of the UN Global Sustainable Development Report (GSDR), which will be released in 2019. "Research" of this quality makes me happy that the Trump Administration cut $285 million cut to the U.N. budget for the 2018-2019 fiscal year. The United States contributes more than $1 billion to the budget of the U.N. If they're going to keep producing shoddy research...

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Economist’s View: Actually, economic growth in Walker’s Wisconsin outpaced Dayton’s Minnesota

Comparisons of Minnesota's and Wisconsin's economies are interesting but shouldn't be pushed too far. The states have similarities, but they have many differences, too. As yet, neither state is beating the other hands down since the Iron Curtain went up along the St. Croix. To say otherwise is to go against the data — which was why the Economic Policy Institute had to cherry-pick data to make its argument....

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