Welcome, first-time visitors!

Source: Flikr Creative Commons Welcome to my website, especially listeners from News and Views with Roshini Rajkumar (WCCO) and MPR News Presents on Minnesota Public Radio.  I hope you'll continue the conversation we began on the radio and in person. I try to write a blog post every day on topics that touch on economics and their relation to current events.  (You'll notice the last 10 days have … [Read more...]

Inflation! Debasement! March edition

Last month I discussed the inflation! debasement! phenomenon: the certainty that, no matter what the data tells us, accelerating inflation and a depreciating currency are just around the corner.  Let’s take a look at the latest information, for March 2016: Inflation: holding steady. Prices overall rose 0.9 percent since March 2015.  If we exclude food and energy prices, the Consumer Price … [Read more...]

Living wills and financial leverage

Source: Flikr Creative Commons The headline in today’s New York Times, “‘Living Wills’ of 5 Banks Fail to Pass Muster,” might have struck some as another consequence of the Supreme Court’s view that corporations are people. Do companies need living wills like individuals do? Not quite. The living wills of which the article speaks are bankruptcy plans mandated by the Dodd-Frank Wall Street … [Read more...]