Living in exile

(Source: Flikr Creative Commons) Today, we brought our daughter home from the University of Minnesota.  The U of M is one of my favorite places in the world, if not my favorite.  It's the place I think of as home: I was an undergraduate there, met the love of my life there, spent two years in graduate school there, and made friends from all over the world. We brought our daughter back to our … [Read more...]

Policy scribbling

(Source: Flikr Creative Commons) Governor Dayton delivered his State of the State address last night. I never used to pay much attention to them, but that changed in 2012. The evening of February 15, 2012, I gave a talk to Women, Wisdom, and Wine on Minnesota's economy and how it became above average.  It was a wonderful evening with an especially lively Q and A period. A nice part of … [Read more...]

The effects of lower oil prices: on the one hand…

Source: Flikr Creative Commons The old quip,"if all the economists were laid end to end, they’d never reach a conclusion," came into my head yesterday after I read these articles: "Crash in oil prices will hurt the U.S. economy from Texas to Wall Street," by W. Rocky Newman and John R. Bowblis of Miami University. "Lower oil prices are good for the United States," by Olivier Blanchard and … [Read more...]