North Dakota can cut taxes to boost economic growth
Last month, I noted that a hit to the extractives sector has crippled North Dakota’s economic recovery. I concluded by saying that: There are two things to take from this:…
Last month, I noted that a hit to the extractives sector has crippled North Dakota’s economic recovery. I concluded by saying that: There are two things to take from this:…
Data from the Bureau of Economic Analysis (BEA) show that in 2023 North Dakota was one of just four states which had not at least regained its pre-COVID-19 level of…
The Bureau of Labor Statistics (BLS) announced today that the Consumer Price Index (CPI) increased — the rate of inflation — by 0.4% in March, which matches February’s number for another “hot”…
Back in December, I wrote: To some extent, then, I see the American economy going into the new year as a race between two factors: one is the squeeze on American’s…
Last week, PBS reported: President Joe Biden is going all-in on calling out “shrinkflation.” The term applies to a seemingly covert way for companies to raise prices by ever so slightly reducing the…
The Bureau of Labor Statistics (BLS) announced today that the Consumer Price Index (CPI) increased — the rate of inflation — by 0.4% in February. This is the fastest rate of inflation…
In September this year, Gov. Gavin Newsome signed a bill raising California’s minimum wage for fast food workers to $20 an hour beginning April 2024. Expectedly, the law is already having some…
This morning, the Bureau of Labor Statistics (BLS) released its numbers for inflation in November. They showed inflation rising from October’s rate of 0.0% to a 0.1% increase in the Consumer Price Index (CPI).…
I’ve written before that “Occupational licensing laws are barriers to entry which restrict new producers from coming into the market. This keeps prices artificially high, benefiting existing producers at the expense…
The Federal Trade Commission (FTC) is seemingly at war with Amazon. In September, the FTC, along with 17 state attorney generals, filed a lawsuit alleging that Amazon engages in actions…
The Bureau of Labor Statistics (BLS) released its numbers for inflation in October today and they showed inflation slowing from September’s rate of 0.4% to 0.0%, or no change in the Consumer Price Index.…
One way to generate increased per-worker output — which is the essence of economic growth — is to increase the amount of capital per worker. How can policy drive that? One lever…
According to data from the Bureau of Labor Statistics (BLS), in 2022, about 44 percent of all workers aged 25 and over had a bachelor’s degree or higher. But in…
The Bureau of Labor Statistics (BLS) released its numbers for inflation in September today: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted…
Yesterday, I wrote about how “supply shocks” can generate inflation independently of whatever the central bank might be doing to the money supply. A classic example is the “oil shock” of the…
Last year, I wrote about a paper by economists by economists James Cloyne, Joseba Martinez, Haroon Mumtaz, and Paolo Surico which found that: A corporate income tax cut leads to a sustained increase…