Fiscal Policy

The Washington Post had an excellent piece on states and how they handled their tobacco settlement dollars (available here). It is a longer article but well worth the read given that it is one of the first analyses of what states are doing with the money from this settlement. The answer for many: squandering it. I am not going to rehash all the details of the article but there are bigger issues to tackle.

Continue reading All that tobacco money up in smoke

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I was startled by some of the information in this article. The most startling thing I learned today might be that Japan is only 39 percent self-sufficient as far as calories. I knew Japan relied on significant imports of fuels given their natural resource limitations. But food? This is a developed country, one that was supposed to rival the economic might of the United States in the 1980s. Relying on imports for such a significant part of food consumption can be a serious issue. Combine this with economic stagnation and an aging population and it hardly seems like a recipe for an economic turnaround.

Continue reading Another lesson in the limits of economic management

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Economic development and economic growth are key ideas in any state or area, but clearly are a hot topic in North Dakota. The economic success in North Dakota represents an incredible opportunity to catch up in areas perceived to behind and to move into areas that will define the future. It is essentially North Dakota’s opportunity to write its own ticket. What I see missing from the discussion right now is a meaningful discussion on the fiscal side.

Continue reading Economic Development & Fiscal Changes

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I think we should expect a government shutdown. When you read the stances of the different leaders, and believe me I use the term loosely, it seems unlikely there will be any common ground found soon. One case is particular I will bring up is Harry Reid. As I look at the situation he faces I see little reason for him to soften his stance from a game theoretic perspective.

Continue reading Why we should expect a shutdown

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