Louis Johnston
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ldjeconomics.bsky.social
Louis Johnston
@ldjeconomics.bsky.social

William E. and Virginia Clemens Professor of Economics and the Liberal Arts at the College of Saint Benedict and Saint John's University. Telling the stories of Minnesota's economy, past and present. https://www.csbsju.edu/economics/person/louis-johnston/ .. more

Economics 68%
Political science 20%
Pinned

Reposted by Louis D Johnston

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Dear god...

Reposted by Aaron Sojourner

Dave Herbert puts the new GDP report into context 👇Bottom line: Growth in 2025 is on pace to be lower than it was in 2024.

open.substack.com/pub/davehebe...
About that 4.3% GDP Growth Rate for Q3...
A lesson in annualized quarterly rates
open.substack.com

An intro to economics student who hasn't read the chapter trying to explain comparative advantage...
HASSETT: We decided to exempt coffee from tariffs

BRENNAN: And coffee prices are up

HASSETT: There's an appetite to exempt things if they're really not meant to be made in the US because of, like, climate or things like that
HASSETT: We decided to exempt coffee from tariffs

BRENNAN: And coffee prices are up

HASSETT: There's an appetite to exempt things if they're really not meant to be made in the US because of, like, climate or things like that

Narrator: Rep. Emmer and Rep. Stauber refused to challenge Gov. Walz for the governorship.
Trump: "What's happening in Minnesota in Somalia where billions is being stolen. Right like candy from a baby. We're not gonna let that go on. Guys like Emmer and Stauber, they're gonna stop it. And they're gonna be given the authority to stop it. This country is not gonna put up with it anymore"

A question for an intermediate macro homework assignment : analyze the points made in this article using the Solow and Romer models. Pay particular attention to the discussion of investment spending www.nytimes.com/2025/12/12/b...
Historic Shift Underway in China’s Economy as Investment Slump Deepens
www.nytimes.com

Reposted by Louis D Johnston

Trump: "What's happening in Minnesota in Somalia where billions is being stolen. Right like candy from a baby. We're not gonna let that go on. Guys like Emmer and Stauber, they're gonna stop it. And they're gonna be given the authority to stop it. This country is not gonna put up with it anymore"

This is nonsense.
Trump is just gonna try to lie his way through it: "You're getting lower prices, bigger paychecks. Inflation -- we're crushing it. And you're getting much higher wages. The only thing that's really going up big is the stock market and your 401ks."

Trump is just gonna try to lie his way through it: "You're getting lower prices, bigger paychecks. Inflation -- we're crushing it. And you're getting much higher wages. The only thing that's really going up big is the stock market and your 401ks."

How a Cryptocurrency Helps Criminals Launder Money and Evade Sanctions
www.nytimes.com/2025/12/07/t...
a black and white photo of two men standing next to each other with the words `` i 'm shocked . ''
ALT: a black and white photo of two men standing next to each other with the words `` i 'm shocked . ''
media.tenor.com

Eliminating four departments cuts $6.74 million.
The football budget is $84.1 million.
I guess that excellence, student success, research, and service = football.

According to the chancellor, eliminating four departments is “Positioning ourselves in a place of financial stability" and this "will ensure we can continue delivering excellence and student success, research and service to communities throughout our state."

Reposted by Louis D Johnston

If ACIP chooses to ignore evidence, when it comes to vaccines, parents and clinicians must ignore ACIP and look to those who continue to offer data-based guidance, especially our medical societies.

Reposted by Louis D Johnston

In voting to eliminate the universal birth dose of the hepatitis B vaccine, ACIP ignored decades of evidence confirming its strong safety profile and effectiveness. Its decision will result in more hepatitis B infections and more people with chronic liver disease.

The economics of Black Friday and Buy Nothing Day

share.google/gE9i63AkDMQk...
share.google

Thanks, @tptalmanac.bsky.social, for the chance to discuss the current economic situation.

www.tpt.org/almanac/vide...
Almanac - Delayed Jobs Report Released - Twin Cities PBS
Economist Louis Johnston breaks down September’s jobs report and potential fed rate cut.
www.tpt.org

I’m leading off tonight on @tptalmanac.bsky.social - employment report, interest rates, all the good stuff

Reposted by Louis D Johnston

Today is the 65th anniversary of the day U.S. marshals escorted four Black 1st graders into segregated New Orleans schools. One of them was Ruby Bridges.

But have you heard of the McDonogh 3? Meet them via this @the74.bsky.social story I wrote a year ago.
18 Years, $2 Billion: Inside New Orleans’s Biggest School Recovery Effort in History
Hurricane Katrina destroyed 110 New Orleans school buildings. How to upgrade them while honoring their architectural importance and historic heritage?
www.the74million.org

During Jim Crow, everything from restaraunts to stores to hotels to pharmacies to gas stations required making safe choices. They shaped every trip a Black person made. We document that history, and you can add your story to it here #CommunityMap: greenbookproject.osu.edu #GreenBookProject #EconSky

Deportations actually _increase_ housing prices because they shrink the construction industry.

The reduction in new houses being built swamps effects from lower demand