Bizarro world economics

(Illustration source) Here is my latest column for MinnPost: President Trump went on a media tour boasting about the economic effects of his tax cut. If only the real data backed him up My working title was Bizarro World Economics and I used the above image as inspiration. … [Read more...]

What Does American History Teach Us About How Immigrants Impact The Economy?

Link here. I think history helps us in a variety of ways. First, the data put our current situation in perspective. It's not the past 30 years of large immigration flows that are anomaly, it’s the previous 40 years (circa 1940-1980) that vary from the long-run American experience. Second, the economy evolves over time, with some industries and jobs disappearing and others appearing, and the … [Read more...]