Matt Dobra @mattdobra
Dean of Business and Professor of Economics at Black Hills State. Topics include hockey, econ, and random musings. Bow tie aficionado. All views are my own. Black Hills SD Joined May 2012-
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$5.33/hr. That’s what the minimum wage would need to be today to match the hot‑air‑balloon‑buying power Boomers had in the 1970s. Trickle‑down economics works, has always worked, and will always work, if you pick a different arbitrary comparison point.
$5.33/hr. That’s what the minimum wage would need to be today to match the hot‑air‑balloon‑buying power Boomers had in the 1970s. Trickle‑down economics works, has always worked, and will always work, if you pick a different arbitrary comparison point.
Economic prosperity demands institutions immune to political pressure. Strong central bank independence is one of those essential institutions. The more politicians want loose monetary policy to mask fiscal policy failures, the more crucial it is to resist.
Look, I'm no JPow stan, but what's the Fed to do when fiscal policy is inherently stagflationary? Tariffs + protectionism shock LRAS (higher costs, less efficiency) while monetary policy only manages AD...and you can't stimulate your way out of a productivity driven slowdown.
The best way for the Fed to assert its independence is to capitulate to the very threat to its independence?
The best way for the Fed to assert its independence is to capitulate to the very threat to its independence?
Hmmm...I always thought Coke and Pepsi used corn syrup instead of sugar because sugar tariffs raise the price of sugar so much that corn syrup is cheaper.
Hmmm...I always thought Coke and Pepsi used corn syrup instead of sugar because sugar tariffs raise the price of sugar so much that corn syrup is cheaper.
Let me be charitable: perhaps this simply misinterprets the notion that inflation is 'always and everywhere a monetary phenomenon.' True, tariffs aren't monetary policy. But inflation is also money chasing fewer goods-and tariffs mean fewer goods. Still fundamentally monetary.
Let me be charitable: perhaps this simply misinterprets the notion that inflation is 'always and everywhere a monetary phenomenon.' True, tariffs aren't monetary policy. But inflation is also money chasing fewer goods-and tariffs mean fewer goods. Still fundamentally monetary.
The economic development course “Fuel the Growth – 2025: Advancing Economic Development in Communities” is returning to BHSU-Rapid City for its fifth year! The event is scheduled to take place October 6-9. Find out more and register today! bhsu.edu/news/2025/07/f…
BHSU has once again earned accreditation for its business degree programs from AACSB International, a distinction held by fewer than six percent of business schools worldwide. Read more in our latest news release 🔽 bhsu.edu/news/2025/07/b…
If by "Vietnam," he really means "American consumers of Vietnamese products" ...
If by "Vietnam," he really means "American consumers of Vietnamese products" ...
I think the answer to this puzzle lies in Bastiat's "seen and unseen." Those who benefit from rent control realize it, those who are harmed don't, and worse, see the beneficiaries and presume that the reason they aren't in that group is that there's not enough rent control.
I think the answer to this puzzle lies in Bastiat's "seen and unseen." Those who benefit from rent control realize it, those who are harmed don't, and worse, see the beneficiaries and presume that the reason they aren't in that group is that there's not enough rent control.
I haven't used ChatGPT in a while, did something change? All the sudden it's using lingo that makes me feel like I got a TEMU Joe Rogan for a life coach.
So what happens when you make service sector (virtually) income tax-free while manufacturing wages stay fully taxed? Isn't this just subsidizing the exact economic shift Trump claims to want to reverse through tariffs?
Work continues on my econometrics book. Added a section about scientific notation - a common issue i see is students seeing a p value like 4.135e-10 and ignoring the scientific notation and thinking that 4.135 > 0.05. Which needed a meme!
As the great socialist economist Assar Lindback is famous for saying, "...rent control appears to be the most efficient technique presently known to destroy a city – except for bombing"
As the great socialist economist Assar Lindback is famous for saying, "...rent control appears to be the most efficient technique presently known to destroy a city – except for bombing"
The party of fiscal responsibility is...checks notes...whichever party isn't currently in power.
POV: You're using 19th century German Historical School talking points to defend 18th century mercantilism in 2025. At least pick failed ideas from the same century.
POV: You're using 19th century German Historical School talking points to defend 18th century mercantilism in 2025. At least pick failed ideas from the same century.
Summer Project: rewrite my OER econometrics text. New Title: Applied Econometrics: An Intuitive Field Guide with R Hard part done, turned the basic R chapter into 3: Basic R, Data Wrangling, and Quarto Basics OG version: bookdown.org/mattdobra/Prel… Also, first new meme! #rstats
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