Is Your Home State Popular?

The Erie Canal has always been my favorite. Initiated by a Clinton who wanted to be President (DeWitt Clinton, governor of NYS), the canal was completed in 1825. Because it connected Albany, NY to Buffalo, NY, people and goods in…

A New Name for Price Gouging

Yesterday, a friend of mine waited on a gas line for 3 hours to fill his tank. The price was close to normal but the line was not. Hearing about gas lines, I remembered when Boston’s water supply was temporarily…

The Economics of Natural Disasters

With Hurricane Sandy having just blown through my NJ neighborhood, our streets are covered with wires, leaves, branches and several huge trees. During the storm, Consolidated Edison darkened large swaths of NYC and the New York Stock Exchange suspended trading…

A Low (Safety) Grade For a New Jersey Roadway

I have to admit that the Pulaski Skyway terrifies me. Driving across it, I always remember the Minneapolis bridge that collapsed during rush hour in 2007. The Pulaski Skyway is an 80-year-old rickety looking structure. A sister to the Minneapolis…

State Dilemmas

Do higher taxes make you want to move? Hearing that taxes were going up in Illinois, the governor of Wisconsin said, “Escape to Wisconsin.” According to census figures, people do seem to be moving to no income tax states. One…

State Finance

Which state postponed a pension fund payment of $3.1 billion because of big budget problems and had a 2.4% decrease in its real GDP? (Still though, this state has the second highest median income.) The answer? New Jersey. New Jersey,…