Thinking about the transportation funding fight in Minnesota

Source: Flikr Creative Commons When I saw this tweet: Sen. Bakk says Senate will make an offer to House Friday on transportation spending. Did not say what would be in it. #mnleg — R. Stassen-Berger (@RachelSB) May 4, 2016 My first thought was this: It's been frustrating to watch the dance among Governor Dayton, Senate Democrats, and House Republicans on this issue. Instead of dealing … [Read more...]

Growing at a snail’s pace: a first look at 2016’s GDP numbers

The first estimates of U.S. gross domestic product (GDP) for 2016 arrived this morning.  The headline number: real GDP grew about 0.5% from January through March.  That’s pretty slow, especially compared to the 2015 annual rate of 2.4 percent. The picture above shows real GDP relative to its potential.  Potential GDP measures the amount of final goods and services the US economy could produce … [Read more...]

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...]