ST. PAUL LEGAL LEDGER CAPITOL REPORT When Gov. Mark Dayton took his 12-city jobs tour down to the scenic Mississippi valley in Winona last week, the local newspaper quoted the owner of Ed’s No Name Bar voicing his biggest concern. And it wasn’t too much state government, taxes or regulation. “It’s hard to find affordable [health insurance] plans for individuals,” Ed Hoffman said in the Winona Daily News article... Read More
Economics, the Garden of Eden, and resisting the no-new-taxes snake oil MINNPOST OLIVIA, Minn. — The first chapter of Genesis describes a time before economics. Economics is all about allocating scarce resources to achieve the greatest benefit. The Garden of Eden was all about abundance. Nothing was scarce. Everything needed for a life of happiness was there for the taking. There was no need to go to work. There was no need to make a... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT Minnesota for decades has been handing over precious and limited economic development dollars to individual companies as tax incentives, government-funded loans and other public-sector subsidies, and our state is not alone. All states, to varying degrees, engage in this highly dubious strategy to lure or retain businesses and please fast-talking promoters who promise glitzy projects, new construction ... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT Lots of affluent citizens know they have prospered from our public-private system, and they are willing to pay a fairer share for public investments Not long ago, in a richly appointed corporate office with a spectacular view of the Twin Cities, a leading Minnesota businessman confided to me that the redistribution of wealth and income toward the top was becoming so unfair that he actually had begun to wor... Read More
ST. PAUL LEGAL LEDGER CAPITAL REPORT The usual debate has broken out over whether it’s an investment in short-term job creation and long-term economic health, or profligate use of a “credit card.” One of the outstanding things I noticed about Minnesota on arriving here in the early 1970s, right up there with the refreshing coolness of the summer mornings, was the high quality of the state’s physical public infrastructu... Read More
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