Louis Johnston
@ldjeconomics.bsky.social
320 followers 680 following 550 posts

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%
Posts Media Videos Starter Packs

ldjeconomics.bsky.social
Not naive - it's a memoir/travelogue/nonfiction book about Minnesota.

ldjeconomics.bsky.social
Join us on Thursday at 7 pm at Saint John's University. Dr. Hicks will read from his chapter on Saint John's along with other selections. You can also visit the @saintjohnsbible.bsky.social gallery before and after the reading.
admiralstav.bsky.social
A powerful personal testament from Tom Bowman of NPR about the Pentagon attempt to exert complete control over all information. Protecting classified is of course fine. But when neither Fox News nor NY Times sign up to your policy, you should ask yourself if you are getting something very wrong.
Opinion: Why I'm handing in my Pentagon press pass
Tom Bowman has held his Pentagon press pass for 28 years. He says the Pentagon's new media policy makes it impossible to be a journalist, which means finding out what's really going on behind the scen...
www.npr.org

ldjeconomics.bsky.social
I'll second Menzie on this. It's pure cronyism: $20 billion line of credit for a personal political and business ally, no collateral, no conditions. This is corruption, pure and simple, and Republicans in Congress are not lifting a finger to stop it.
mchinn.bsky.social
If you didn't like ESF use for Mexico 1994, you should really, really, really object to ESF use for Argentina 2025 #EconSky
econbrowser.com/archives/202...

Reposted by Louis D Johnston

mchinn.bsky.social
If you didn't like ESF use for Mexico 1994, you should really, really, really object to ESF use for Argentina 2025 #EconSky
econbrowser.com/archives/202...

Reposted by Louis D Johnston

alexanderwulfers.com
"There's a reason we speak of technological progress but institutional change. There is no way that we can show [institutions] get better over time. (...) They will come down again and it seems there's some evidence to show that is what is happening today."
alexanderwulfers.com
"Bob Fogel said to me once: For economics to work without economic history is like an evolutionary biologist without paleontology. You just miss 99.5% of all the species that ever walked on this earth." Joel Mokyr www.youtube.com/live/__0sGvj...
LIVE: Nobel Prize in economics winner Joel Mokyr speaks
YouTube video by Reuters
www.youtube.com

ldjeconomics.bsky.social
My favorite is A Culture of Growth: The Origins of the Modern Economy.

ldjeconomics.bsky.social
Very accessible. Joel writes very well.

ldjeconomics.bsky.social
Thirty years ago, Joel invited me to give a talk at Northwestern. He (and Alan Taylor) were kind throughout the visit, and asked questions about my work that improved it. I’ll always be grateful to him.

ldjeconomics.bsky.social
Throughout the weekend, Joel paid as much attention to grad students as famous professors. He listened to good arguments without regard to a person’s position or title.

ldjeconomics.bsky.social
It was a formative experience for me as a scholar and teacher. Joel spent the entire weekend with us, listening to critiques of the draft, responding, and engaging in spirited and sometimes heated discussions.

ldjeconomics.bsky.social
This book is the framework on which Joel built his book The Lever of Riches.

ldjeconomics.bsky.social
My first All-University of California Economic History Group meeting was in the spring of 1986 at the Huntington Library. The entire weekend was devoted to discussing a draft of this book by Joel Mokyr:

Reposted by Louis D Johnston

ocanannain.bsky.social
Pope Leo XIV encouraged international news agencies on Thursday to stand firm as a bulwark against the “ancient art of lying” and manipulation, as he strongly backed a free, independent and objective press
Pope urges news agencies to stand as bulwark against lies, manipulation and post-truths
Pope Leo XIV has encouraged international news agencies to stand firm as a bulwark against the “ancient art of lying” and manipulation.
apnews.com

ldjeconomics.bsky.social
Menzie is making an important point about recession dating. Read his post, then read how the NBER dates recessions: www.nber.org/research/bus...
belongia.bsky.social
"No vaccine was tested more extensively than the RNA vaccines, and no vaccine was given to more people than the mRNA vaccines, & they were found to be incredibly safe...and effective. They saved 20 million lives, & they stopped a pandemic that was shutting down the world."
-Drew Weissman

Reposted by Louis D Johnston

jackspeer1.bsky.social
Before you amp up the vitriol on this issue, on either side of the political spectrum , you might want to watch a true leader dealing the country’s divide more than 50 years ago. Sadly Americans ignored his message. Hopefully not again. youtu.be/A2kWIa8wSC0
Indianapolis, 1968: Bobby Kennedy, Martin Luther King and a historic call for peace
YouTube video by Robert F. Kennedy Human Rights
youtu.be

josephzeballos.bsky.social
Former top Fed official Sarah Bloom Raskin to me on Miran keeping a foot in WH if he serves at the Fed:

“This dual-reporting structure is exactly the opposite of independence. I would predict that a clear-eyed Senate would view this proposed arrangement as… a show stopper” qz.com/stephen-mira...
Trump's pick for key Fed slot won't give up White House job
Stephen Miran says he’ll take only unpaid leave from the White House if confirmed to the FOMC — a plan a former official called “the opposite of independence”
qz.com