Championing Individual Liberty and Prosperity: Discover Our Core Focus Areas

THE LATEST FROM AIER

Baseball, a Beer, and a Dog

“The most expensive beer in the major leagues is found where everything seems to be most expensive: Washington, DC. At Nationals Park a single beer will set you back $14.99.” ~James R. Harrigan

Red Alert: Biden’s Biggest Chips Act Expense Yet

“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

Fixing A Big Mistake in Risk-Based Capital Rules

“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

“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

Fiscal Federalism Turned Upside-Down

“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