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October 14, 2021
Lauren Frazier
Lucio Saverio-Eastman

Lauren Frazier

Lauren Frazier is studying Economics at Truman State University in Kirksville, MO. In addition to serving as a research assistant in the Economics Department, she is an avid cyclist, triathlete, and an executive member of the Truman State Sharpshooters club. She also calls home football games for the Truman Bulldogs, writes poetry, and helps out […]

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Colin McNickle
Lucio Saverio-Eastman

Colin McNickle

Colin McNickle is a 40-year journalism veteran that joined the Allegheny Institute in October 2016 following a 22-year career with the Pittsburgh Tribune-Review and 18 years as director of editorial pages for Trib Total Media. Prior that, Colin had a long and varied career in media — from radio, newspapers and magazines, to United Press […]

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October 13, 2021
Robert Hughes

Groceries Feed Gains in the Everyday Price Index in September

“AIER’s Everyday Price Index posted its tenth consecutive increase in September led by groceries. Prices of many goods and services continue to be distorted by the lingering effects of the pandemic including shortages, logistical and supply chain issues, and labor problems. As these distortions fade, price pressures are likely to ease.” – Robert Hughes

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William J. Luther

Assessing Market Expectations of Inflation

“Those denying any risk that inflation will remain above target or confidently predicting that 4 percent inflation will be the new normal, are not within the range of reasonable. They are rightly ridiculed.” ~ William J. Luther

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Theodore Gebhard

Capital Accumulation and the Reconciliation Package

“Misguided tax hikes on businesses and individuals that discourage saving and diminish funds for private investment must be avoided. Neglecting this legislation’s adverse impact on capital accumulation means robbing future prosperity for the sake of the present social ends.” ~ Theodore A. Gebhard

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James L. Caton

Is Larry Summers Channeling Benjamin Anderson?

“The post-2008 framework has incentivized the destabilization of monetary policy. The sooner we recognize this fact, the sooner we can seriously discuss a solution to the problem.” ~ James L. Caton

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October 12, 2021
Robert Hughes

Job Openings Fell in August but Remain Extremely High

“Job openings fell back slightly from a record high but quits remain elevated as workers take advantage of favorable labor conditions. Overall, the outlook is for continued recovery but the threats and headwinds to growth remain significant.” – Robert Hughes

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Phillip W. Magness

Eyes on the Politicized Prize

“We may conclusively establish that the monopsony scenario of the minimum wage was directly anticipated and discussed by economists for decades before Card and Krueger’s paper.” ~ Phillip W. Magness

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Joakim Book

What Are the Nobel Journalists Doing?

“I’m always surprised at the unbelievably poor quality of questions journalists pose to the newly minted laureates. The profession of the Fourth Estate is indeed in hopeless decline; nowhere is this as clear as in watching the econ Nobel be announced.” ~ Joakim Book

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Robert Hughes

All Three AIER Business Cycle Indicators Weaken in October

“The AIER Leading Indicators index posted a sixth consecutive drop in September but remains slightly above the neutral 50 threshold, suggesting continued economic expansion. However, the string of declines since the March high also suggest that sources of growth may narrow, and the pace of growth could slow as well.” – Robert Hughes

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