Not all banks are the same. Keep that in mind when digesting news of our nation’s ongoing financial sector problems. It is hard to think of another sector of the U.S. economy that is more heterogeneous than banking. And there…
World currency flap hides deeper troubles
A local TV station ran Shakespeare’s “King Lear” last week. That was a welcome break from the “much ado about nothing” that has dominated economic news of late. I refer to the silly kerfluffle about the possibility of a “world…
It’s a century later, but the financial crisis is the same
The ongoing global financial crisis confirms the observation in Ecclesiastes that “there is nothing new under the sun.” Things happening right now are virtually identical to events in 1929, 1907 or 1873. But sometimes there are new variations to old…
Plan could help local housing prices stabilize
Housing markets are at a point where, as John Maynard Keynes said in 1936, people are willing to try a new initiative “if it should be even plausible.” Working with Minnesota2020, a St. Paul-based policy advocacy organization, two Minnesotans, one…