Coats, Pencils, and Division of Knowledge
“‘Wonder’ is not too strong a word to describe a social process that allows us to get so much bread and so much clothing for so little sweat of our brows.” ~Art Carden
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“‘Wonder’ is not too strong a word to describe a social process that allows us to get so much bread and so much clothing for so little sweat of our brows.” ~Art Carden
“Team Transitory’s narrative just doesn’t cohere. Whether we’re trying to explain the Great Inflation of the 1970s and early 1980s, or the inflation of the past two years, we need to rely on demand-side mechanisms.” ~Alexander W. Salter
“The euphoria surrounding the January 2024 jobs report is misplaced. Policymakers should heed these warning signs and enact meaningful reforms to address root causes.” ~Vance Ginn
Experience the debut episode of AIER’s newest podcast ‘Econception,’ hosted by Dominic Pino. The economy is complicated, but markets work.
“You could say the state is mired in the economic theories and nostrums of the past, a Great-Depression-era philosophy of government jobs and ‘managed’ competition.” ~William Ruger and Jason Sorens
“If Congress really wanted to give taxpayers relief, it could have let Americans keep more of the money they earn, instead of having Americans jumping through hurdles to claim deductions with the hope of getting some of their money back.” ~Thomas Savidge
“Microeconomic relative-price dynamics increasingly drive inflation measurements. That means the Fed should not be afraid to ease off the brakes.” ~Alexander W. Salter
“Ignoring the secondary consequences of a policy and focusing solely on its primary intended consequences is what separates a bad economist from a good one.” ~Jon Miltimore
“The January 2024 CPI report highlights the challenges of returning inflation to the Fed’s target range and suggests a bumpy road ahead.” ~Peter C. Earle
“The delayed implementation of dollarization in Argentina presents challenges that could have been avoided had Milei honored his promise to abandon the peso straightaway.” ~Nicolás Cachanosky
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