The State Is Not Your Proxy

Leave aside every other problem of socialism (such as how it can rationally manage an economic process or achieve perfect material equality), and you are still left with the massive problem of power.

Jeffrey A. Tucker – November 16, 2019

It’s a Disservice to Urge Young People To Become Entrepreneurs

The legend of the twenty-something business wunderkind is everywhere in pop culture. Here’s the problem. The data are in. It turns out that the whole thing is a gigantic myth.

– November 15, 2019
Retail sales

Retail Spending Suggests Caution

Core retail sales were weak in October adding to concern about the economy. However, continued economic expansion remains the most likely path.

– November 15, 2019

The Great Lesson of Vision Fund

A central plan is not a business plan. Even a private sector central plan is doomed to fail.

– November 15, 2019

Actually, We Could Just Flip the Switch

Such a law would ensure that every regulation was scrutinized at least once every twenty years and automatically eliminate all those that no agency thought important enough to subject to review.

– November 15, 2019
Business Conditions Monthly

November Business Conditions Monthly

AIER’s Leading Indicators index held steady in October, remaining slightly above neutral. Slow growth continues as economy remains vulnerable.

– November 14, 2019

The Times’s Editorial Page Lies with Statistics

When debating tax policy it is important to use empirical evidence to inform the discussion of what rates the top earners currently pay and what rates we would like them to pay, or if a rate change is even warranted at all.

– November 14, 2019

There Need Not Be a Great Confrontation with China

American businesses plainly see in China what the chattering classes don’t.

– November 14, 2019

Five Myths Propagated by Local-Food Activists

By promoting the increased production of local food that does not offer a compelling quality/price ratio while shunning modern production and processing technologies, activists ensured that our food supply would become more expensive, environmentally damaging, and hazardous to our health .

– November 14, 2019

The Birth of the Deep State: A History

The Pendleton Civil Service Reform Act (1883) created a merit-based system of examinations and other requirements, and a salaried class of government employees.

– November 14, 2019
Everyday Price Index

Wide-spread Increases Boost Everyday Price Index in October

AIER’s Everyday Price Index rose 0.4 percent in October, reversing back-to-back declines. Increases were widespread for the month. However, over the past 12 months, the index is up just 0.2 percent and over the past five years, the annualized gain is j …

– November 13, 2019

The Struggle to Get Education Away from the State

Education reform is a perennial hot-button issue, with teachers’ unions like the American Federation of Teachers and the National Education Association spending vast sums to elect their preferred candidates and lobby them for reforms they find favorabl …

– November 13, 2019

What’s the Difference Between Michael Burry and Alexander Fordyce?

Being correct about events in financial markets requires you to be qualitatively correct about the direction — the “what” — as well as financing your errors about the “when.”

– November 13, 2019

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