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THE LATEST FROM AIER

Inflation Remained Low in June

“Despite the progress made on inflation over the last three months, and the risk of overtightening noted by Waller and Powell, the FOMC is unlikely to cut its federal funds rate target next week.” ~William J. Luther

How Rent-Seeking Wrecks the Soul of Enterprise

“The more the state becomes involved in everyday affairs, the more we move to a rent-seeking society, enabling a power dynamic based on what can be accessed rather than on what can be earned.” ~Kimberlee Josephson

Beware of Conflict Theories of Inflation

“This perspective emphasizes that social conflicts are the central cause of inflationary pressures. The Marxist undertones of CTIs suggest that inflation results from social injustice, implying a moral imperative for government intervention to right the supposed wrongs.” ~Nicolás Cachanosky

Economic Observations of Beach Parking

“The idea of ‘line up!’ is deeply ingrained in most of us, to the point where we are angry if someone ‘cuts’ in line ahead or, for that matter, behind us.” ~Michael Munger

On America’s ‘Trade Deficit’ With China

“The negative connotation conveyed by the term ‘trade deficit’ is so very useful to the protectionist cause that protectionists seem to have no interest in getting their — or their audiences’ — thinking straight about this concept.” ~Donald J. Boudreaux

Where Will the New Jobs Come From?

“Technological innovations and falling trade barriers make many people more productive… We use this new wealth to create opportunities in high-skill, medium-skill, and low-skill occupations.” ~Art Carden

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