This afternoon, Center President John Hinderaker testified in front of the Joint Economic Committee of Congress in Washington D.C. on the impact of the Tax Cuts and Jobs Act on…
As student debt becomes a more onerous problem in the American economy, we have to look at why fees have risen so much. This leads us back to the disproportionate…
Cutting tax rates does not necessarily mean that tax revenues will fall. Indeed, they might move in opposite directions. Another piece of evidence for this comes from Britain.
Labor Day is celebrated by not laboring. And it is because of the vast increases in productivity in the last 250 years that we are able to do so. So…
A round-up of the last week’s economic news stories in Minnesota.
A report from economists at Harvard asserts that mining in northern Minnesota will lead to losses of jobs in "recreational employment". But no support is offered for this assumption. A…
Comparisons of Minnesota's and Wisconsin's economies are interesting but shouldn't be pushed too far. The states have similarities, but they have many differences, too. As yet, neither state is beating…
"I'm a billionaire. Please raise my taxes" So wrote Tom Steyer, president of the left wing advocacy organization NextGen America in an op-ed for the LA Times last year. But the U.S. Treasury…
In the year since Sunday liquor sales were legalized in Minnesota, alcohol tax revenue has increased at an above average rate. Is this another example of how regulations can impact…
This weekend the Fergus Falls Daily Journal carried an opinion piece by its editorial board titled ‘Minimum wage increase good for economy’. Sadly, both economic theory and the empirical evidence…
A round-up of the last week’s economic news stories in Minnesota.
Fifty years ago this week the Soviet Union invaded Czechoslovakia to crush a pro-democracy political movement. Five days later, protesters gathered in Chicago to demonstrate at the Democratic convention there.…
Good jobs in the skilled trades are going begging because students are almost universally being steered towards bachelor’s degrees. So what is going on here? Why are kids stepping over…
Environmentally responsible mining will provide a $3.7 billion annual boost to Minnesota’s economy, create 8,500 jobs and generate nearly $200 million a year in tax revenue for state and local…
The Cato Institute has released its 2018 ranking of Freedom in the 50 States. Minnesota ranked 37th, down six places since 2014.
Environmentally responsible mining will provide a $3.7 billion annual boost to Minnesota’s economy, create 8,500 jobs and generate nearly $200 million a year in tax revenue for state and local…
Political ideologies that tell you that 'everything is political' are corrosive of the common ground that a society needs, where political opponents can see that the other side is not,…
A round-up of the last week’s economic news stories in Minnesota.
As socialism enjoys a new bout of popularity among so-called intellectuals, Milton Friedman's analysis of this phenomenon remains as timely and incisive as ever.
Sen. Warren's "Accountable Capitalism Act" fundamentally misunderstands business and the free market system. That is why it is such a rotten bit of legislation. Let us hope it doesn't make…
In terms of per capita incomes, what matters is productivity. Immigration will help boost per capita GDP to the extent that it boosts productivity. From an economic standpoint, we want…
A recent paper from the Federal Reserve shows that we can expect states with high corporate tax rates to perform poorly on entrepreneurship. Minnesota has high corporate tax rates and…
For most, the St. Croix is a scenic river. For others, it is an Iron Curtain or 38th Parallel, separating different economic systems. This is the position taken by the…
A round-up of the last week’s economic news stories in Minnesota.