The state isn’t seeing a boom from the energy supply crunch. That limits the uptick in tax revenue that comes from higher prices, and makes employment unlikely to see a big boost.
Energy and transportation are two areas where costs are rising for stores like Home Depot, Walmart, and Target, but raising prices could turn off an increasingly strapped consumer.
In “The Almighty Dollar: 500 Years of the World’s Most Powerful Money,” journalist and financial historian Brendan Greeley looks at why the dollar is the most powerful currency in the world and how that power has shaped the global financial system.