A couple of weeks ago I wrote about a new study which found that remote work is allowing people to move to cheaper, rural areas. This is behind the faster…
Economic growth Star Tribune: Minnesota med-tech startups on pace to raise more than $1B again this year Star Tribune: Minnesota factories, dealerships brace for trickle-down effects from UAW strike Twin…
John Phelan joined Jon Justice this morning to chat about how the Biden administration’s energy policies are hurting Americans and helping Vladimir Putin, discuss Gov. Walz’s hypocrisy about working from…
Yesterday, I wrote about how “supply shocks” can generate inflation independently of whatever the central bank might be doing to the money supply. A classic example is the “oil shock”…
As inflation has spiked over the last three years, I’ve often quoted the economist Milton Friedman, who argued that: Inflation is always and everywhere a monetary phenomenon in the sense…
Economic growth Minn Post: To create growth and equity, empower entrepreneurs in historically disinvested neighborhoods Star Tribune: Minnesota household income continues to decline, putting more families in need Axios: Inflation…
I have written a lot about why people decide to move from one place to another. I generally discuss taxes because, for one thing, research shows that they are one…
Back in January, the Center For Rural Policy and Development reported that: Was this a one-off or will it continue? Will the populations of “rural” counties continue to grow more…
As downtown Minneapolis struggles with crime and an exodus of businesses, those who are left are pleading with Target, a major downtown employer, to get its workers back to the…
State and local taxes and spending Star Tribune: Ramsey County proposing 6.75% property tax levy hike as part of 2024-25 budget plan MPR News: Filmmakers see expanded Minnesota tax credits…
Back in July, I asked what Minnesotans could expect to follow the state’s legalization of marijuana. Looking at the research across a range of outcomes, the answer was “Not much,”…
The idea that our state should spend, or as politicians like to say, “invest,” more of our tax dollars on childcare was not only prevalent in this year’s legislative session,…
Illinois has long been a byword for bad governance and Illinoisans have been getting out in huge numbers: in 2021-2022, the state lost 141,656 residents to other parts of the…
Last year, I wrote about a paper by economists by economists James Cloyne, Joseba Martinez, Haroon Mumtaz, and Paolo Surico which found that: A corporate income tax cut leads to a…
Most of the consequences of any action are unintended consequences. Hiking the minimum wage, for example, is intended to raise the wages of workers, but other — unintended — consequences…
After the Bureau of Labor Statistics (BLS) published its latest inflation numbers, one thing was noticeably picked up by both local and national media. This is the fact that BLS…
State and local taxes and spending Kittson County Enterprise: Governor Walz Announces Payments of up to $1,300 Will Begin This Week Minn Post: Downtowns, including St. Paul and Minneapolis, turning…
When CNBC announced recently that they had ranked Minnesota fifth on their annual “America’s Top States for Business” ranking, the state’s media went wild. No less excited were our state’s political leaders,…
Last week, I noted that per capita GDP has grown more slowly in Minnesota than nationally in every year since 2014, that median household incomes in Minnesota have grown more…
Last week, I noted that median household income in Minnesota has grown more slowly than nationally in six of the last seven years. Nevertheless, it remains above national average. One…
State and local taxes and spending Bring Me the News: Here’s a look at St. Paul Mayor Melvin Carter’s 2024 budget proposal KROC: Minnesota Starts Fiscal Year With Higher Than…
I’ve struck a pessimistic note about Minnesota’s economy this week. I’ve noted that Minnesota’s economy — even in per capita terms — has grown more slowly than the United States’ economy generally in…
Recently I have written about how Minnesota’s economy — even in per capita terms — has grown more slowly than the United States’ economy generally every year since 2014. But…
Back in May, I noted that Minnesota’s economy has grown more slowly than the national average in every year since 2014. One respondent wrote: “Figures don’t lie, but liars sure…