Category Archives: Economy

The Economy is Improving – Slowly but Surely

Each of the nation’s 366 metropolitan statistical areas saw a year-over-year increase in personal income in 2011 — the first time since 2007. Richmond had the fastest personal income growth of any metro area in the state — with income … Continue reading

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Economic Impact: Virginia Still Could Get Impact from Sequestration

(This column ran in the January 7th edition of the Richmond Times Dispatch.) President Barack Obama signed a law last week that keeps taxes from going up on most Americans, but the potential for sequestration was delayed for just two … Continue reading

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Economic Impact: Personal Income in Richmond Region Increases in 2011

(This article first ran in the Richmond Times Dispatch on December 3, 2012) Each of the nation’s 366 metropolitan statistical areas saw a year-over-year increase in personal income in 2011 — the first time since 2007. Richmond had the fastest … Continue reading

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Privatization: The Third Way to Avoid the Fiscal Cliff

A “fiscal cliff” will befall the federal government on January 1 if Congress and the White House cannot reach agreement on a deficit reduction plan. “Sequestration” will take effect, including defense and domestic spending cuts. Additionally, the expiration of tax rate reductions … Continue reading

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Forward to the Past

In recent years, when I give talks on the state of the economy I often start out with two charts from the Federal Reserve Bank of Minneapolis that clearly show the extent to which the 2007 recession has been different.  … Continue reading

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