‘You may not be interested in monetary economics, but monetary economics is interested in you.’
March 2021 saw the passage of the $1.9 trillion American Rescue Plan (ARP). At the time, the Biden administration touted a study by Moody’s Analytics, which: “…projects that the President’s…
Today, the Bureau of Labor Statistics (BLS) announced that inflation rose by 7.0 percent in the year to November. This is the fastest annual rate of increase since June 1982. Stripping…
On Dec. 7, Minnesota Management and Budget (MMB) released its budget forecast for Fiscal Year 2022-23, which foresaw a $7.746 billion projected surplus. This immediately sparked a debate about what…
‘Minnesota job growth outpaces US, unemployment at 3.3%‘ – Duluth News Tribune ‘Jobless rate in Minn. hits pre-pandemic level‘ – MPR News ‘Minnesota jobless rate falls to 3.3%, lowest since…
Today, the Bureau of Labor Statistics announced that inflation rose by 6.9 percent in the year to November. This is the fastest annual rate of increase since June 1982. You’d…
The Bureau of Labor Statistics (BLS) released its inflation numbers for November this morning and they did not make for happy reading over breakfast. The Consumer Price Index (CPI) rose…
Last week, I recounted the Biden administration’s shifting stance on inflation, from ‘non-existent’ through ‘good thing’ to ‘conspiracy by evil businesses.’ The pivot away from celebrating inflation as sign of…
The Biden administration has a shifting stance on inflation, from ‘non-existent’ through ‘good thing’ to ‘conspiracy by evil businesses’. The pivot away from celebrating inflation as a sign of economic…
Back in July, President Biden said that “no serious economist” was worried about “unchecked inflation.” In October, with inflation still stubbornly high and rising, White House Press Secretary Jen Psaki…
Lack of high-quality affordable childcare is one of the biggest issues facing Minnesotans and the country as a whole. Parents in Minnesota pay some of the country’s highest costs for…
Earlier today, the Bureau of Labor Statistics (BLS) released the newest update on inflation for the month of October. According to the new numbers, over-the-year inflation, i.e., October 2020 to…
Earlier today, President Joe Biden presented an updated version of his trimmed-down Build Back Better spending plan. The plan, which originally proposed $3.5 trillion spending on numerous government projects has…
Rent control is a bad policy; economists agree. In 1992, when economists were polled on whether rent control reduces the supply of housing, 93 percent of them agreed. Similarly, in…
Last week, the Financial Times reported: The pace of US consumer price growth pushed higher in September, hovering at a 13-year high as inflationary pressures drove up the cost of…
The September jobs report was disappointing. According to the Bureau of Labor Statistics (BLS), the nation only added 194,000 jobs. Not only that but the Labor force participation rate has…
Inflation is all the rage right now — and for good reason. For the past couple of months, Americans have been paying more for everyday goods and services, and according…
In a press conference Wednesday, President Joe Biden threatened that he will call out businesses in the private sector if they do not move to address the supply chain issues…
When we talk about the negative effects of inflation, people often bring explan that inflation cannot hurt individuals when it is coupled with rising wages. This is true. During the…
In June, the Bureau of Labor Statistics (BLS) announced that inflation rose 5.4 percent in the last 12 months. Despite the claim that inflation was transitory, prices have continued to…
Yesterday, Gov. Tim Walz visited Phillips and Temro Industries — manufacturers of electric vehicle chargers — to sell his ‘clean car’ rules, which take effect in 2024 for the 2025…
CNBC reported the following today: People working minimum wage jobs full-time cannot afford a two-bedroom apartment in any state in the country, the National Low Income Housing Coalition’s annual “Out…
A month ago, there were more jobs open in Midwest than there were unemployed workers to fill them. “Midwest” might be a slightly awkward geographic entity to analyze but you…
Earlier today, the Bureau of Labor Statistics (BLS) published employment numbers for June. And according to the data, Total nonfarm payroll employment rose by 850,000 in June, and the unemployment…