AIER Leading Indicators Index

December Business Conditions Monthly

The AIER Leading Indicators index posted a small gain in November but remains close to neutral, supporting a cautious outlook.

Robert Hughes – December 12, 2019
Initial Claims

Initial Claims Rose Sharply but the Labor Market Remains Tight

Weekly initial claims jumped but the data tend to be quite volatile, especially around the holidays. Overall, the labor market remains tight.

– December 12, 2019

Growth Is Good

In his 2018 book Stubborn Attachments, Tyler Cowen defends a thesis that is likely to be as unpopular as it is misunderstood: over the long run, differences in growth rates swamp just about everything. Therefore, increased economic growth is a moral im …

– December 12, 2019

The FCC’s Treatment of Huawei Is a Tremendous Embarrassment

It’s said about Baltimore Ravens quarterback Lamar Jackson that he’s a particularly challenging opponent. With Jackson there’s no preparing for the run or pass; rather there’s preparing for the run, pass, along with the horrifying possibility that Jack …

– December 12, 2019
Everyday Price Index

Gas and Apparel Pull Everyday Prices Down in November

AIER’s Everyday Price Index fell 0.1 percent in November after posting a 0.4 percent increase in October. Overall, net changes in the Everyday Price Index remain modest.

– December 11, 2019

Manual Labor Will Be Revived

In fact, one outcome of AI and automation may well be a revival of manual labor and of the traditional working class — maybe becoming more like an artisan class again.

– December 11, 2019

Wasserman’s Twisted Tale About the Austrian School of Economics

If you approach the topic with a presumption that the Austrians were shilling for capital as understood in a Marxian-style dialectic, you miss the entire point of the school of thought and its contribution.

– December 11, 2019

Why Passenger Railways are Terrible and Freight Railways are Amazing

American railways are the envy of the world.  Many might shake a collective head at that statement. In the case of passenger rail that is an appropriate reaction. Since it was pieced together – a government-constructed Franken-rail system built of …

– December 11, 2019
NFIB Small Business Optimism

Small-Business Optimism Rose in November

Small-business confidence rose in November despite concerns over labor shortages.

– December 10, 2019

The New History of Capitalism Has a “Whiteness” Problem

Thus do we arrive at the unenviable position where scholars in the New History of Capitalism genre are guilty of the very same faults that they invoke to dismiss critics of the 1619 Project.

– December 10, 2019

Paul Volcker: Foe of the Gold Standard, Fan of Fiscal Profligacy

The recent death of Paul Volcker, Federal Reserve Chairman from 1979 to 1987, has generated the usual but undeserved encomiums from media outlets. Sebastian Mallaby at The Washington Post declares that Mr. Volcker was “the savior our economy …

– December 10, 2019

Europe’s Green Deal Flirts With Central-Planning Disaster

The European Union is radically overhauling its economy in an attempt to combat climate change. Europe’s Green Deal appears slightly more modest than the proposed Green New Deal in the United States, but cost estimates still run as high as $13 trillion …

– December 10, 2019

Trade Policy Should Not Be Contingent on the Behavior of Foreign Governments

In the making of trade policy, foreign governments should not be held to ethical standards higher than are the standards to which we hold our own government.

– December 9, 2019

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