To understand what the Fed is up to, we need to look at its underlying model of inflation and how interest rate increases fit into that story.
Macro, Micro, Minnesota analyzes the big stories in the news through the lens of economics. It is written by College of Saint Benedict and Saint John’s University professor Louis D. Johnston.
Minnesotans were earning more from employment and investments, and less from sources like unemployment.
Jobs are growing and businesses are booming. Why throw a wrench into that?
Time and again, economic commissions have emphasized the need for long-term investments — only to be stymied by short-term thinking on the part of policymakers.
We need to diagnose today’s inflation problem correctly and not fit everything into the paradigm of the 1970s.
For one thing, the state may see a lot more freight traffic.
Sixty years ago today, President John F. Kennedy challenged Americans to go to the moon.
A story that brings together Chinese-American restaurant food, an Italian-American entrepreneur and a Finnish-American recipe developer.
At a time when frozen pizzas were starting to appear in grocery stores around the country, the Totinos thought they could differentiate their pizza with a superior tomato sauce along with higher quality meats and cheeses.
The work of a father and son — J.S. Bell and James Ford Bell — helped transform Washburn Crosby mills into food giant General Mills.
The U.S. headquarters of the Canadian Pacific has been in Minneapolis for 120 years, after a merger with the locally grown Soo Line.
Two Minnesotans, economist Walter Heller and Sen. Hubert Humphrey, helped determine the way the law is applied today.
In May, Minnesota’s unemployment rate rose from 8.7 percent of the labor force to 9.9 percent of the labor force. Let’s look at what that means.
After much of Plymouth Avenue was destroyed by an uprising in 1967, one Minnesota corporation committed to investing in north Minneapolis.
With its diversified economy, Minnesota’s economy has once again proven to be more resilient in the face of recession than the national economy as a whole.
Yes, it’s possible to oppose Trump’s tariffs and support raising Minnesota’s gas tax.
A grocery bag fee probably would reduce their use — but that has some side effects.
Minnesota grew faster than the national average during the 1950s and 1960s and passed the national average in per-person income in 1973, when Gov. Wendell Anderson appeared on TIME’s cover.