Yesterday, the Star Tribune reported that “the 50 largest public companies in the state [ranked] by revenue…saw revenue increase 7% to a total of $750.7 billion” in 2022. But, as…
On Sunday, I wrote about the collapse of Silicon Valley Bank (SVB), “the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever.” Depositors with up to…
On Friday regulators shuttered Silicon Valley Bank (SVB) and seized its deposits in the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever. We shouldn’t be…
The last three years or so have seen the death of Modern Monetary Theory (MMT). This is a theory that starts with a banal observation — that a government that…
Recognizing important economic relationships allowed us to see inflation coming back in 2021. Today, they strongly suggest a sharp slowing of inflation ahead.
Why are prices rising? One theory is ‘cost-push’ inflation. According to my old Dictionary of Economics, this is: Inflation induced by a rise in the costs of production of goods…
“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…
If you cleared $1,661 in your semi-monthly paycheck on November 1, 2021 (the take home for the average salary in Minnesota), then, thanks to inflation, you would need to clear…
Today the Bureau of Labor Statistics (BLS) released data showing that the rate of inflation for October was 0.4%. This was the same as the rate for September; even so…
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…
DFL Chair Ken Martin tweeted today: He appears to be quoting an article by Robert J. Shapiro in the Washington Monthly which states: Bureau of Economic Analysis (BEA) data tells…
Inflation came in at 0.0% in July, prompting President Biden to tweet: Alas, in August it ticked up to 0.1%, although some of Minnesota’s media still tried to tell you…
Last week, U.S. News reported: ‘Stocks Slump on Fears About Rates, Recession After Jobs Data‘. Was it bad data? No, quite the contrary: Good news on the economy remains bad…
Tax cuts are on the agenda in this year’s gubernatorial election. Some are touting this as a way to leave money in people’s pockets to help them cope with the…
Last week, at the unveiling of his official White House portrait, President Obama said to President Biden: Thanks to your decency and strength, maybe most of all, thanks to your…