On October 9, Gov. Walz tweeted “Our small businesses and working families are driving our state’s economic expansion.” But Minnesota’s economy isn’t expanding. Indeed, data released by the Bureau of…
Evaluating the Fed’s post-COVID policies.
In July, the Mankato Free Press ran an op-ed titled ‘Minnesota economy doing well.’ It was, in this writer’s view, the sort of fact-free boosterism that too often passes for…
Data released by the Bureau of Economic Analysis last week showed that, in the second quarter of 2022, Minnesota’s economy shrank, in real terms, at an annualized rate of 1.3%.…
This week, I’ve noted that the seven states states without a state income tax – Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming – have accounted for disproportionate shares…
Last month, I asked ‘What do states without an income tax do?‘ I noted that the seven states which currently have no state income tax seem to do reasonably well. Take…
The Gross Domestic Product of the United States shrank in real terms for the first two quarters of this year. Very often, that would be called a recession, but not,…
The Bureau of Economic Analysis (BEA) has released figures for Gross Domestic Product (GDP) by state for the first quarter of 2021: Real gross domestic product (GDP) decreased in 46…
In the year to December, the Consumer Price Index (CPI) rose by 7 percent, its fastest rate of annual increase since June 1982. “Core CPI” — which excludes more volatile food…
Today, the Bureau of Economic Analysis released data for Gross Domestic Product (GDP) for Minnesota’s counties for 2020. We now have this data going back to 2001, so we can…
Every year American Experiment produces a report on Minnesota’s economy. The report analyzes how Minnesota’s economy is doing both in historical terms and compared with other states. In recent years,…
I wrote recently that slashed growth forecasts showed that inflation isn’t rising because the economy is booming. Members of the Biden administration have blamed rising consumer prices on the economy’s…
Since assuming the office of the Presidency, Joe Biden has taken several actions to obstruct oil production in the United States, including a suspension of new oil and gas leases…
With the “Delta Variant” of COVID-19 surging across the United States, the vigorous economic recovery which President Biden inherited from President Trump could be in danger: indeed, last week it…
Yesterday, President Biden made the following statement: President Biden was sworn into office on Jan. 20, 2021, about a third of the way through the first quarter of the year.…
Today, we release our new report, ‘The State of Minnesota’s Economy: 2020.’ Its key findings are: Minnesota typically scores well on levels of per capita income, which is what matters…
Comparing border counties reveals the real impact of Minnesota’s economic policies.
The dollar amount of tax revenue seems far more likely to be a function of the size of the state’s economy than of its tax rates. If you want more…
Center of the American Experiment this week released their latest economic report titled Closing Minnesota’s Budget Deficit, providing a roadmap for Governor Walz and the legislature to follow while closing a $1.2…
North Dakota is benefiting from its economic policies. We hope that Minnesota will take note.
We cannot expect the economy to return to normal while restrictions remain.
Liberals will not relinquish their taste of power.
Since the fourth quarter of 2019, GDP has fallen by 10.1% nationally and by 10.6% in Minnesota, making us the 32nd worst hit state.
Covid-19 and the policy responses to it tanked economies all over the world. Sen. Kamala Harris doesn't think her 'liberal' constituents know that.