We couldn’t find the page you are looking for. Please double-check the link or search the AIER site for related content.

Industrial Policy’s Short-Run Booms Risk Long-Term Failures

– March 28, 2024

“Small firms like GF will enjoy morsels, but legacy firms like Intel — who are already more immune to market shocks and decline — make subsidies into a buffet.” ~Ryan M. Yonk and Jacob Bruggeman

Red Alert: Biden’s Biggest Chips Act Expense Yet

– March 28, 2024

“When politicians resort to deficit spending to bankroll industrial ventures, they put upward pressure on interest rates by issuing more debt and competing with scarce private funds.” ~Vance Ginn

Why Cops Tell Homeowners: Just Give Criminals Your Car Keys

– March 27, 2024

“Despite the rich tradition and popular appeal of the right of self-defense, Justin Trudeau and many others remain hostile to it.” ~Jon Miltimore

Fixing A Big Mistake in Risk-Based Capital Rules

– March 27, 2024

“Both long Treasuries and mortgage-backed securities guaranteed by government agencies are in current regulation included as ‘High Quality Liquid Assets.’ But of course they both can and have created plenty of interest rate risk.” ~Alex J. Pollock

“The Price of Time” and Broken Central Banking

– March 26, 2024

“The unique value of Chancellor’s book, beyond tracing this intellectual history of interest and illustrating it by financial debacles up and down the centuries, is to connect the social and market outcomes with the broken money markets.” ~Joakim Book

To Remain Free, Make the Ordinary Meaningful

– March 25, 2024

“Those who don’t take responsibility for making meaning in their lives can become the worst among us.” ~Barry Brownstein

China’s Economic Facade is Cracking 

– March 25, 2024

“The country is reaping the whirlwind of conscious decisions on Beijing’s part over the past 15 years to embrace more state-centric economic policies.” ~Samuel Gregg

Fiscal Federalism Turned Upside-Down

– March 25, 2024

“Federal spending spikes immediately after a recession or emergency, then lowers when the crisis subsides, but never down to pre-crisis levels.” ~Peter C. Earle and Thomas Savidge 

Correlation Is Not Enough

– March 22, 2024

“The ‘look here, too’ method provides a valuable check on statistical interpretations adopted because they advance someone’s agenda, rather than accuracy.” ~Gary Galles

Uber and Lyft Drive Out of the Twin Cities

– March 22, 2024

“When costs go up, the money to pay for the increase can only come from one of three places: customers paying higher prices, business owners earning less profit, or workers being laid off, losing work hours, or losing benefits.” ~James Harrigan

Business Conditions Monthly January 2024

– March 21, 2024

“In addition to a softening labor market and US consumer activity finally appearing to hit a wall, the potential for shocks of an endogenous or exogenous nature elevated.” ~Peter C. Earle

Congress Could Unload the Fed’s Weapon

– March 21, 2024

“If Congress could balance its budget, which hasn’t happened since 2001, it would remove a bullet the Fed could shoot at the economy.” ~Vance Ginn

Too Much: Three First World Problems

– March 21, 2024

“Where our ancestors lived lives that were solitary, poor, nasty, brutish, and short, the twenty-first century has us overwhelmed with connections, opportunities, and experiences.” ~Art Carden

Can Prosperity Feed Perceptions of Poverty?

– March 20, 2024

“The only sense in which the American middle-class is disappearing economically is that an ever-increasing percentage of American households earn annual incomes that are in the upper brackets.” ~Donald J. Boudreaux

We Should Follow Lord Palmerston’s Example

– March 20, 2024

“It is past time to revisit the wisdom of Palmerston, Washington, and Jefferson: the United States should have no permanent allies. Alliances that no longer serve US interests should be done away with or modified.” ~Andrew Byers

Young People Aren’t Nearly Angry Enough About Government Debt

– March 19, 2024

“We each owe more than $100,000 as a share of the national debt… Our earning years are subsidizing not our own economic coming-of-age, but retirement and medical benefits for people who navigated a less-challenging wealth-building landscape.” ~Laura Williams

Dynamic Pricing Puts the “Fast” Back in Fast Food

– March 19, 2024

“By offering lower prices in off-peak hours, Wendy’s would be able to attract more customers overall, thus charging lower prices on average, even if prices during peak periods were higher than what they charge now.” Thomas Savidge and Louis Rouanet

Commoditizing Excess Capacity

– March 18, 2024

“If all the cars, and apartments, have people using them, and all the tools have people making things with them, we will need far fewer of those things. We have ‘enough’ stuff, it’s just in the closet.” ~Michael Munger