Seward’s Folly

Source: Library of Congress According to the Library of Congress, “On March 30, 1867, the United States reached an agreement to purchase Alaska from Russia for a price of $7.2 million. The Treaty with Russia was negotiated and signed by Secretary of State William Seward and Russian Minister to the United States Edouard de Stoeckl. Critics of the deal to purchase Alaska called it ‘Seward’s Folly’ … [Read more...]

Transfer programs work: evidence from food stamps and mothers pensions

Source: Wikimedia Two studies in the latest issue of the American Economic Review analyze the connections between transfers to low-income families and the long-term health and welfare of children in those families.  The conclusions directly contradict the idea that programs such as Aid to Families with Dependent Children and food stamps don’t help those they are intended to aid and lead to … [Read more...]

Snowy Easter

Snowy Easter I woke up this morning and snow covered our entire lawn.  You never know when it will snow in Minnesota, but I don’t remember snow on Easter morning. That includes Easter Sundays in Warroad, my dad’s hometown. Easter connotes new beginnings. I’m having an Easter dusted with snow as I watch my kids this morning. I remember them hunting Easter eggs (which they still do) but think … [Read more...]