Erik Hare
Mint Press News
Saint Paul, MN, United States
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Past articles by Erik:
Stadium Frenzy Ignores Economics
As the economy bounces back from recession, so is stadium construction in the U.S. The structures cost more than a pretty penny, but few seem concerned about economics. → Read More
The Case for Optimism
The economy is improving, but very slowly. There are reasons for optimism in 2014 as things are picking up, but this is nothing like a typical postwar “recovery”. → Read More
The Underground Economy
Despite new ways of paying for things, cash isn't going away. It has an important place in today's economy, particularly the most dynamic part of it – unreported income that makes up an underground economy. → Read More
The Death Of Inflation
There are at least two good reasons why inflation remains well below targets even as the economy is improving and despite years of economic stimulus. → Read More
Getting Real With Long-Term Investments
Despite an historic bubble and bust cycle, many Americans still believe real estate is the best long-term investment option -- but is it? → Read More
What Is The Real Unemployment Rate?
There’s only one problem with the headline unemployment rate of 6.7 percent: hardly anyone believes it. → Read More
Today’s Job Market Exploits Marginal Workers
Is the notable rise in temporary workers a sign of an improving economy or the continuation of a trend toward less security and safety on the job? → Read More
Overhead or Head Count? Regressive Taxation
Taxes on employment and other employee expenses add a lot of cost to per job, making employers slow to hire at a time when jobs are scarce. These regressive taxes are also a growing share of Federal revenue. → Read More
Trading At The Speed Of Light
Many believe the stock markets are rigged. The hardest push to fix this isn’t coming from regulators, but from one trader who is sick of it all and has Wall Street’s attention. → Read More
Jobs: Back To Even
Two years down, four years back up -- jobs have finally returned to their pre-recession peak. → Read More
Europe Scrambles For New Natural Gas Source
The conflict in Ukraine has highlighted Europe’s dependence on Russian fossil fuels, especially natural gas. New sources and pipelines, though, could alter geopolitics. → Read More
Can’t Wait ‘Til Payday
Payday loans are a huge industry in the U.S., and millions rely on them. But the predatory practices of the lenders are meeting more urgent calls for reform. → Read More
Retirement Wave Could Mean Golden Years For Workers
Baby boomers are hitting their so-called “golden years,” starting a retirement wave across the U.S. workforce that neither individuals nor the government are prepared for. → Read More
New Fed Chair Turns Focus To Jobs
In her first press conference as chair of the Federal Reserve, Janet Yellen brought a remarkable new openness to what may be the world’s most powerful leadership position. → Read More
The Big Gamble: Deritiative Trading Remains The Wild West Of Financial Markets
The total value of financial derivatives may be 20 years of total world product, much of it set up as nothing more than a gamble. But it remains unregulated because of its complexity and international unwillingness to tackle the problem. → Read More
A War Of Words: Media Coverage Of Ukraine
The standoff between Russia and Ukraine still hints at World War III, but a media battle has been the main center of conflict – much of it coming from a hacked phone call posted on YouTube. → Read More
A Fine Line Between Prudent Policy And A Currency War
Low interest rates and deficit spending can goose a slow economy, often trashing the value of the currency and making exports appear cheap. But sometimes this policy looks like a type of war. → Read More
Ukraine And The Rule Of Law
To the world, the Russian occupation of Crimea is a geopolitical and military problem. To the people of Ukraine and all of Europe it is about something even more fundamental. → Read More
Banking Industry Cries Foul Over Credit Union “Competitive Disadvantage”
Credit Unions are growing rapidly, fueled by low fees and lower interest rates on loans. But this growth has come with more attention from regulators and commercial banks who feel they are at a competitive disadvantage. → Read More
Ominous CBO Report Triggers Congressional Inaction
When the CBO warned Washington of problems looming over the next 10 years, the information was held like a ball in a partisan game. → Read More