“Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another” - Milton Friedman
Belief in minimum wage hikes is about as close to belief in Milton Friedman's mythical 'free lunch' as you will find. They seem to offer the prospect of benefits for…
Raising prices to help tackle a high cost of living might well be #peakgovernment
Have the bosses of Target, Wal Mart, and now Amazon, have all suddenly been struck with a bout of generosity? Or that they are reacting as you would expect when…
Last week, the Star Tribune gave Seattle City Councillor Kshama Sawant space to comment on Saint Paul's proposed $15 minimum wage. Sadly for the Strib's readers, Ms Sawant took the…
"The only restaurants that are going to be able to survive this (minimum wage hike without a tip credit) are big corporate chains. Small restaurants just can’t afford it" says…
Minimum wage advocates often argue that the money to cover these higher wages will just come out of the pockets of 'the rich'. The recent Citizens League report suggests that,…
At our first quarterly lunch forum of 2018 we will discuss a topic that impacts us every day: Taxes. The recent tax reform law is just beginning to take effect,…
A round-up of the last week’s economic news stories in Minnesota
Rising wages are a good thing when, like Target's, they come from market forces and the competition between firms for labor.
The private sector can play a big part in alleviating the suffering of Hurricane Harvey's victims. It shouldn't be stopped from doing so by armchair moralists
Lots of factors figure into the continuing decline of shoppers and sales at Twin Cities-based Target Corporation’s stores nationwide. Target share prices dipped nearly six percent on expectations the retailer will…