The three frequent readers of my blog over the last several months probably noticed a repeating theme to my posts: population. A logical question to ask would be, why this focus? Quite frankly, and this is my opinion, population is the root of economic activity and the very economic actors we attempt to model.
Americans Are Dying Younger, Saving Corporations Billions – Bloomberg
This is a really important article for businesses, but especially those in North Dakota. With a long reputation of "greying faster than the country as a whole" it raises the question of whether businesses in the state, or the state, would reap similar (potential) benefits. The simple fact is that we continue to see errors made in terms of benefit contributions and shortfalls in pensions, even in North Dakota. We can do the math better and we should.
A caller to my last radio appearance did not understand my issue with the North Dakota Legacy. For readers unfamiliar, this fund takes thirty percent of collections from oil and gas taxes and has some limitations on its use as far as spending purposes, such as no more than 15 percent of principal expended during a biennium and so on.
Many people ask me about the challenges for the North Dakota economy moving forward. This is much more difficult to do than it may seem; there are no easy answers here. There are many reasons for this. What seems to be an problem now may resolve itself of its own accord in the near future. It could also be the case new problems arise as a result of federal policy or technological innovations. As Yogi Berra said, “Predicting things is hard. Especially about the future.”