To better understand the U.S. economy right now, read history rather than economics or Wall Street punditry. But don’t just focus on market crashes or recessions. Instead, examine the most important Post-World War II trauma, the “great inflation.” The 1929…
Farm, mine sectors pack less punch
Will prosperous farm and mining sectors help Minnesota weather the economic storm? Perhaps, but we should not count on it. While it is always better for important sectors to thrive rather than stagnate, it is not clear that good times…
Boosting local tax deductible a bad idea
Everyone hates paying taxes, but property taxes are a particular hot button with voters. Now some in Congress are proposing to take some of the sting out of paying property taxes by making it easier to deduct them when filing…
To spree, or not to spree
For years I passed a billboard that proclaimed, “Where will you spend eternity? That is the crucial question!” Change it to “How will you spend your fiscal stimulus payment?” and you have the crucial question for the U.S. economy right…