Back in May, when the Bureau of Economic Analysis (BEA) announced that “Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025…
Yesterday, the Bureau of Economic Analysis (BEA) announced that: Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025 (January, February, and…
Inflation is at near 40-year highs and a recent poll found that “a quarter of respondents blamed President Biden directly for inflation.” Not surprisingly, with midterms coming up in November,…
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, The Globe carried a story titled ‘Southwest Minnesota sees labor shortage, including Nobles County‘: The numbers in southwest Minnesota still add up to a labor shortage, the Nobles…
Last month, CNBC sent out this tweet: It isn’t often that I’m stunned into silence, but this did it. One of the basic confusions that people can fall into when…
When I wrote in the Star Tribune in April that ‘enhanced’ unemployment benefits were one factor explaining the puzzle of record job openings coexisting with elevated levels of unemployment, not…
Recently, I had an op-ed in the Star Tribune in which I argued that increased federal unemployment benefits were one factor behind the phenomenon of record numbers of job openings…
The April jobs report was bad news for the post-COVID-19 economic recovery. Across the United States, employers added just 266,000 jobs and the unemployment rate ticked up to 6.1%. This…
The April jobs report, issued on Friday, showed that, across the United States, employers added just 266,000 jobs last month and the unemployment rate ticked up to 6.1 percent. This…
It makes everyone richer.
Creating value does not hurt the poor; it makes everyone richer. This counterpoint originally appeared in the Star Tribune on August 23, 2019. The Star Tribune missed an opportunity to…
British journalist and politician Daniel Hannan recently wrote a smart defense of high CEO pay in the Washington Examiner. His are arguments rarely heard among the leftist shouts to “abolish…
Last week's blockbuster jobs report showed that sound economic policy can enable strong growth and reveal the bankruptcy of notions of stagnation.
The Congressional Budget Office's new Budget and Economic Outlook forecasts federal debt reaching nearly 100% of GDP by 2028. As Brian Riedl explains in an excellent commentary for the Manhattan Institute,…
Understanding the problems with Minnesota’s tax code first requires an understanding of the principles that should guide the state’s tax policy. Sound tax policy should promote three core principles...