What’s behind the GDP numbers?
When Gross Domestic Product (GDP) shrank in the first quarter, many commentators were quick to blame the Trump administration. When GDP surged in the second quarter, many other commentators were…
When Gross Domestic Product (GDP) shrank in the first quarter, many commentators were quick to blame the Trump administration. When GDP surged in the second quarter, many other commentators were…
Yesterday, I looked at why Gross Domestic Product (GDP) per capita growth in Minnesota has ranked 38th out of 50 states since 2014. Using the framework and data from our…
A new report from the Minnesota Chamber of Commerce has generated some interest among the state’s media this week. Headlines include: KSTP: MN Chamber of Commerce report says the state’s…
On September 9, France lost its second government in a year. The story behind the fall of François Bayrou’s government is largely the same as that behind the fall of…
Yesterday, Gov. Tim Walz surprised many by announcing that he will run for an unprecedented third term in office. No doubt he believes that he will be better placed for…
A while back, some soul searching was done at the Star Tribune, pondering why, outside the Twin Cities metro, so few Minnesotans use the paper for anything other than lining their…
Last week, the Bureau of Economic Analysis (BEA) released data for state Gross Domestic Product (GDP) in the second quarter of 2024. It showed that: Real gross domestic product increased in…
In April, KSTP news reported that “Although abortion remains a top issue…the economy is the most important issue influencing voters in 2024.” It continues: “According to our new KSTP/ SurveyUSA…
This week, I’ve written about new Internal Revenue Service (IRS) data, which show that Minnesota saw a net loss of 13,455 residents in 2021-2022 and that these losses were seen…
On May 21, Amtrak launched its new Borealis service, a second daily train running between St. Paul and Chicago. Amtrak has released its monthly performance report for May, so it only…
Last week, my colleague, Martha Njolomole, wrote that Minnesota’s Gross Domestic Product (GDP) growth in 2023 ranked 43rd in the country. This relatively poor performance wasn’t an anomaly. Indeed, as…
Recently I have written about how Minnesota’s economy — even in per capita terms — has grown more slowly than the United States’ economy generally every year since 2014. But…
Back in May, I noted that Minnesota’s economy has grown more slowly than the national average in every year since 2014. One respondent wrote: “Figures don’t lie, but liars sure…
In November, I looked at where inflation might be headed and suggested that “The answer is ‘down,’ and perhaps reasonably sharply.” Looking at it again in January, I saw “a…
Back in 2020, I noted that the growth or otherwise in Minnesota’s state tax revenues seems to be a function of the growth or otherwise of the state’s economy rather…
The opinion pages of the Star Tribune have recently carried op-eds by a disgruntled conservative who is leaving Minnesota and a liberal bidding him “Good riddance.” Sadly, this latter contribution,…
Yesterday, the Minnesota legislature passed a new budget deal that will see the state government spend $69.5 billion (excluding inflation) in the 2024-2025 biennium. This is an increase of $14.0…
A couple of weeks ago I wrote about South Dakota’s relative economic success. What may have also struck you about that story is how badly the economy of North Dakota…
Whenever I point out that Minnesota is losing residents, on net, to places like Florida, one of the standard responses is that they’re only moving for the weather. But, if…
In January, I had an op ed in the Star Tribune titled ‘For second Walz term, state’s economy is fragile.’ In it, I noted that, since COVID-19: Minnesota’s subsequent recovery…
A new player has entered the game of the Democratic Party’s search for an alternative to President Biden for 2024’s presidential election: none other than our own Governor, Tim Walz:…
How school closures became a policy decision that held Minnesota students hostage.
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…
According to the Bureau of Economic Analysis (BEA), in the third quarter of this year — July to September — the economy grew at a rate of 2.6 percent compared to…