that seventies show

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, May 2, 2022.  Click here to listen to the segment. Comparing the current U.S. economy, with its high and seemingly persistent inflation, with the U.S. economy of the 1970s, the decade of the so-called Great Inflation, is now common practice. Fixating on the comparison […]

known unknowns

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, April 4, 2022. Click here to listen to and watch the segment. On April 4th, the Ness School of Management and Economics (NSME)—home of Monday Macro on the campus of South Dakota State University—will host Known Unknowns, an afternoon of public lectures, […]

knight fall

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, March 7, 2022. Click here to listen to the segment. In 1921, Frank Knight (1885 – 1972), preeminent economist and a founding member of the (University of Chicago’s) Chicago School of economic thought, published, while an associate professor of economics at Iowa […]

yoshimi’s lament

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, February 7, 2022. Click here to listen to the segment. Automation, an outcome of the technological growth to which macroeconomists attribute the sustained rise in living standards in the U.S. and elsewhere for the last few hundred years or so, is not […]

a conversation with rotary, sf

On Monday, January 10th, the Sioux Falls Downtown Rotary Club hosted a discussion of inflation and economics. Jason Herrboldt, Market President for First Bank & Trust in Sioux Falls, hosted the event, a noon-hour, fireside-styled chat between Jason and me at the Holiday Inn City Centre in Sioux Falls. The event was part of the Rotary Club […]

buried treasury

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, January 3, 2022. Click here to listen to the segment. The U.S. national debt is a problem, but luckily it’s a big problem. Intrigued? Welcome to the intersection of macroeconomics and global finance. In the past year, much ink has spilled debating […]

habemus praefectus!

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, December 6, 2021. Click here to listen to the segment, which begins at minute 22:20 into the broadcast. Please note, a technical difficulty interrupted the latter part of the segment. We have a chairman! On Monday, November 22, 2021, U.S. President Joe […]

three wishes

This blog post accompanies the SDPB Monday Macro segment that airs on Monday, November 1, 2021. Click here to listen to the segment, which begins at minute 21:00 into the broadcast. Most central banks make one or two wishes: maintain low inflation or maintain low inflation and maintain low unemployment. For example, in the case […]

always and everywhere

This blog post accompanies the SDPB Monday Macro segment that airs on Tuesday, October 5, 2021. Click here to listen to the segment, which begins at minute 23:00 into the broadcast.) Inflation is having a moment. Seems everyone is talking about it and who is to blame for it. A few months ago, economists and […]

wagering on recovery

This blog post accompanies the SDPB Monday Macro Labor-Day edition, which airs on Tuesday, September 7, 2021. Click here to listen to the segment, which begins at minute 23:00 into the broadcast.) Last Friday, September 3, the United States Bureau of Labor Statistics (BLS) reported that, in August, the number of employed persons grew by […]