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Real World Economics: Reflections on cancer and GDP's limitations – Twin Cities

St. Paul economist and writer Edward Lotterman can be reached at stpaul@edlotterman.com.

Mississippi , United-states , Minnesota , Louisiana , Edward-lotterman , Van-solkema , Volkswagen , Chesapeake-bay , Leader-caf , Gross-domestic-product ,

Real World Economics: Flu in the coop – should the Fed worry?

The Centers for Disease Control has announced an outbreak of highly pathogenic avian influenza, or HPAI, of the H5N1 variety in Texas and Kansas. The outbreak is unusual in that beyond being detected at very large egg farms, it has also shown up in a few Texas dairy herds plus one Michigan dairy that had […]

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Real World Economics: Ripple effects of a falling bridge

St. Paul economist and writer Edward Lotterman can be reached at stpaul@edlotterman.com.

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Real World Economics: How Haiti now reflects age-old economic teachings

Haiti, the Caribbean country with a tragic history that shares the island of Hispaniola with the Dominican Republic, between Cuba and Puerto Rico, has become a failed state in the truest sense of the word. Government has all but collapsed. Feuding criminal gangs vie for control. The value of output, already low, is falling and […]

Alabama , United-states , United-kingdom , Florida , Minnesota , Geneva , Genè , Switzerland , Cuba , Uruguay , Ukraine , Mississippi

Real World Economics: Trump's stated trade policy would have bad tradeoffs – Twin Cities

What economic policies would a second-term Donald Trump follow? What about Joe Biden?

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Real World Economics: 75 years of wisdom on national defense should not be discarded

Real World Economics Edward Lotterman Column 2024-08 Feb 23 – 2024 Seventy-five years of wisdom on national defense should not be discarded. The most important “public goods” for any nation are defense against foreign enemies plus domestic public safety. Indeed, the need for these goes back human life in caves. These needs are why governments were instituted. They are why the nation having power to tax individuals in money or in kind is universal. However, both the levels and types of defense needed and how much individuals must pony up often are often contentious. Disagreements must be hammered out through […]

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Real World Economics: Musings on military conscription, 50 years on

Driving down Cache Road in Lawton, Okla., the other day made me wish for Milton Friedman’s temporary resurrection. This road is lined with the sad commercial detritus typically found on “the strip” outside any U.S. military installation — vape shops and pawn shops, dollar stores and liquor stores, massage parlors and tattoo parlors, used car […]

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Real World Economics: Hypocrisy taints immigration debate

Immigration, both legal and illegal, has been a contentious issue in the U.S. for more than a hundred years and now is taking a particularly central role in the 2024 election. This is a complex economic issue that affects nearly everyone in the U.S., whether they know it or not. Effects are diverse. Many people’s […]

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Real World Economics: Beware the shocks that are coming

December labor market numbers show great strength in our nation’s economy: Some 216,000 jobs were added to the U.S. economy last month, making a 2.7 million job growth in the year, the third-best showing in this century. The unemployment rate remained at 3.7%. This was the 25th consecutive month below 4%, something not seen since […]

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Real World Economics: St. Paul's medical debt plan makes sense, despite the tradeoffs – Twin Cities

At times issues that are minor and short-term in themselves can illuminate broader tradeoffs or principles. That is true for the mayor and city council of St. Paul choosing to spend $1.1 million to wipe out city residents’ unpaid debt to medical providers worth a nominal value of over $100 million. This will benefit some […]

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