Edward Lotterman
Asinine and pusillanimous politicians prompt benighted citizens.
That we once again watch the familiar political theater of raising the debt ceiling should tell us how we are becoming a northern hemisphere version of Argentina – a nation with tremendous economic potential but shackled by perennial political dysfunction.
Governments that don’t work inevitably feed back to economies…

Asinine and pusillanimous politicians prompt benighted citizens. That we once again watch the familiar political theater of raising the debt ceiling should tell us how we are becoming a northern hemisphere version of Argentina – a nation with tremendous economic potential but shackled by perennial political dysfunction. Governments that don’t work inevitably feed back to […]

Real World Economics: Debt, as theater, is fantasy and tragedy

Edward Lotterman
Issues from our nation’s taxation and budgeting processes are fundamental challenges we face. Congress will bicker and bloviate about them for weeks and then probably kick the dented can a few feet further down the road.
Meanwhile, pundits may go on vacation.
Better public understanding of these issues could be a small but useful step. So here is a primer on some economic aspects…

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