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Minimum wage has minimal economic effect

by Ed Lotterman • March 3, 2005

The minimum wage is much less important than people think. That assertion might anger some on both ends of the political spectrum, particularly when the Minnesota Legislature is considering a minimum wage increase and Milwaukee is considering a city-mandated minimum…

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Leave Marx’s economic labels in past

by Ed Lotterman • February 27, 2005

People should stop using the word “capitalism.” It is a poorly defined, much misunderstood word and it causes more problems than it solves. Karl Marx coined the term 150 years ago. He apparently had a clear idea of what he…

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The human costs of war outweigh all others

by Ed Lotterman • February 24, 2005

The human costs of war outweigh all others. The death of three Minnesota soldiers in Iraq this week brought that home forcefully to us. Even with sophisticated equipment, soldiers still die. Their deaths are a painful loss to their families…

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Ag subsidies hurt more than help

by Ed Lotterman • February 20, 2005

President Bush’s proposed cuts in agricultural subsidies have not received good press here in the Midwest. Democrats are attacking the cuts as emblematic of a budget strategy that is rotten at the core. Republicans criticize them as misguided, but minor…

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