Championing Individual Liberty and Prosperity: Discover Our Core Focus Areas

THE LATEST FROM AIER

Beware of the Ceiling

“Alas, most voters are ignorant of Econ 101. They don’t realize that price ceilings actually decrease buyers’ access to goods whose prices are kept artificially low by government diktats.” ~Donald J. Boudreaux

Is Inflation on the Rise Again?

“The Fed should be looking ahead and adjusting monetary policy in light of its forecasts. Instead, its eyes are fixed on the rear-view mirror.” ~William J. Luther

How Rich People Create Poverty

“The real gains come from people moving to where their labor is more valuable  — and that’s in high-income countries like the United States. The problem is, we rich Westerners won’t let them come.” ~Art Carden

Teaching the Butterfly of Liberty

“Casa Escuela is but one of many global examples of grassroots, local, civil society efforts to bypass the state educational establishment, with its bloated bureaucracy, mediocrity, and hardcore socialist thought.” ~Nikolai Wenzel

Who is the Greatest Economist of All Time?

“No matter what your specialization, whether in economics or in any other field, Cowen has written a book which is trying to convince you to break out of your specialization and rediscover the broader world of ideas.” ~James Hartley

Congress Overspends, but the Fed Inflates

“At most, large deficits impelled the Fed to support the market for government debt by purchasing more debt than it should have. The central bank, not the fiscal authorities, is the residual determiner of aggregate demand.” ~Alexander W. Salter

Hayek and the End of Truth 

“The underlying purpose of linguistic sabotage, logical incoherence aside, is to justify the power of a few. The actual meaning of an oxymoron like collective freedom, Hayek said, ‘is not the freedom of the members of society but the unlimited freedom of the planner to do with society what he pleases.'” ~Juliana Geran Pilon

The Carbon Offset Dilemma

“One really has to question the motives of climate activists who oppose the expansion of natural gas and nuclear power. Do they want to see realistic and sustainable environmental improvement or are they after some other kind of payout?” ~Paul Mueller

Income Inequality Rightly Understood 

“Any discussion of income inequality that fails to address whether the source added value for others or simply extracted unearned rents, is not merely incomplete, but misleading.” ~Robert Mulligan