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…
Last month, President Biden responded to the July inflation data – which showed the Consumer Price Index (CPI) flat over the month – by tweeting: Data released by the Bureau…
In the year to June, the Consumer Price Index increased by 9.1%, “the largest 12-month increase since the period ending November 1981.” Back then, the rate was declining from its…
In the year to July, prices rose by 8.5%. This was down from the 9.1% increase in the year to June, but it is a high rate which continues to…
This week I’ve debunked some popular explanations for America’s current bout of inflation and explained what the real cause is: the Federal Reserve’s massive expansion of the money relative to…
Yesterday I looked at popular explanations for America’s current inflationary woes and explained why they weren’t, in fact, its causes. So what did cause it? As I wrote last October,…
In the year to June, the Consumer Price Index rose by 8.5%. What caused this? Let us first eliminate some answers by looking at what didn’t cause this. As I…
In June, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index (CPI) had risen by 8.6 percent in the year to May. This was “the largest 12-month increase since…
This week, Minnesota Daily reported: The University of Minnesota announced Wednesday via a systemwide email it will increase the student minimum wage to $15 per hour. The change will take…
He superficially understands the “why” but has it all backward on the “what now.” A Pew Research poll last month found that 70% of Americans view inflation as a very big problem…
Two weeks ago, I wrote about how Minnesotans’ per capita Personal Incomes were falling in real terms. The Bureau of Economic Analysis (BEA) released data today for the first quarter…