The money supply stopped shrinking and inflation stopped falling
The Bureau of Labor Statistics (BLS) announced today that the Consumer Price Index (CPI) increased — the rate of inflation — by 0.4% in February. This is the fastest rate…
The Bureau of Labor Statistics (BLS) announced today that the Consumer Price Index (CPI) increased — the rate of inflation — by 0.4% in February. This is the fastest rate…
A couple of weeks ago I wrote about a new study which found that working from home is here to stay. I concluded by noting that: If this holds for…
Minnesota’s media is cock-a-hoop over the latest jobs numbers: WCCO: Minnesota reached record 3 million jobs in October Star Tribune: More than 3 million Minnesotans worked in October, the highest total ever…
Back in 2020, Minnesota's state government based much of its policy response to COVID-19 on a computer model, built over a weekend by the University of Minnesota School of Public Health…
Stanford economist Eric Hanushek has predicted that academic setbacks during COVID-19 could cost each impacted student $70,000 over the course of their careers, or roughly $28 trillion total, reports The…
Gov. Walz is notoriously thin-skinned. At an appearance in Iowa last week, he said: “There is kind of an unwritten rule when we are dealing with things not to criticize…
Back in May, Reuters ran an article asking: “Why is UK inflation so high and how do other countries compare?” The authors offered various possible explanations for high inflation in…
Last week I wrote about new data that showed that businesses are fleeing downtown Minneapolis. Twin Cities Business reported: With over 21.2 million square feet of vacant office space in the…
Minnesota’s media is in celebratory mood: Star Tribune: Minnesota has finally recovered all private sector jobs lost in pandemic KTTC: DEED: Minnesota private job sector recovers from pandemic job loss,…
“What I shall argue”, writes Lorenzo Forni in The Magic Money Tree, “is that the main principles of economics remain unchanged; it is only the circumstances in which they operate…
While writing a recent post about how Minnesota’s economic growth is below average, I was struck by the diverging post-COVID-19 growth rates of our neighbors. As Figure 1 shows, from…
In an article summarizing the economic policies of Tim Walz and Scott Jensen — candidates in tomorrow’s gubernatorial election — Dave Orrick writes for the Pioneer Press: The Federal Reserve…
Last week I submitted an op-ed to two of the state’s major opinion platforms correcting some of the egregiously false statements made recently about Minnesota’s economy. Both declined to run…
Last week I submitted an op-ed to two of the state’s major opinion platforms correcting some of the egregiously false statements made recently about Minnesota’s economy. Both declined to run…
I submitted an op-ed to two of the state’s major opinion platforms last week correcting some of the egregiously false statements made recently about Minnesota’s economy. Both declined to run…
In our new report ‘The Cost of Lockdowns and Shutdowns: Part I: Counting the economic costs of government policy responses to COVID-19‘, my colleague Martha Njolomole and I write: In…