Will global prices undermine PolyMet?

Copper-nickel mining in northeastern Minnesota remains in the news as PolyMet’s environmental impact statement was deemed adequate by the state last week, putting the project one step further on a long path, with many needed permits yet ahead. But Twin…






Fiscal process often misunderstood

U.S presidents do not have the authority to spend money from the federal Treasury. That is primarily a congressional function. Keep that in mind as presidential candidates from any party tout what they will do if elected. History shows us…






Separating economic myth from history

International economic relations seem in disarray right now, and there is no consensus on how they might be improved. In such a situation, history often beats economic theory as a source of insights. Philosopher George Santayana’s 1905 assertion that “those…