The Federal Reserve met last week, upping its target for short term interest rates. That we will return to the range of interest rates that prevailed for decades is about as noteworthy as the sun rising in the east. Yet…
Pollution can’t be a local concern
The Trump administration’s proposal to cut the Environmental Protection Agency’s budget raises the question of what is the optimal geographic area to cover with some economic policy. Administration supporters quickly asserted that the cuts are a good idea because states…
Economic twists and turns of demon rum
The Minnesota Legislature seems well on its way to repealing a longstanding ban on Sunday retail sales of liquor. In economic terms, this is a tempest in a miniscule teapot, but the fact that this small change rates headlines illustrates…
Worried about border taxes? You should be.
So why should Target and Best Buy worry about border taxes? Major U.S. retailers don’t want taxes on imports and are lobbying hard to keep them from being imposed, either as classic import tariffs or as a “border equalization” feature…