Daily economy news from the American Institute for Economic Research: data, stories, research, and articles touching on economics, politics, culture, education, policy, opinion, technology, markets, healthcare, regulation, trends, and much more.

The Pilgrims Tried Socialism and It Failed

– January 5, 2022

“At a time when too many in the United States are insisting on a massive turn toward more government, we need to harken back to the harsh and sometimes horrible lessons learned from past attempts to impose socialist systems on society.” ~ Richard M. Ebeling

Private-Sector Job Openings Fell in November but Quits Surged

– January 4, 2022

“Job openings fell but quits surged to a record in November. Enticing people back into the workforce could help ease supply problems and reduce upward pressure on prices.” ~ Robert Hughes

Manufacturing-sector Demand Remains Strong Amid Early Signs of Supply Chain Improvement

– January 4, 2022

“Demand for manufactured goods remained strong in December. Production issues continue to restrain supply and sustain upward pressure prices, but there are early signs of progress on some issues.” ~ Robert Hughes

The Impact of Higher Inflation on US Asset Class Returns

– January 4, 2022

“If the Fed is to be a mere BoJ copycat, does that mean that it can keep US equities artificially elevated by a perpetually low policy rate? No more than the BoJ has been able to do for Japanese equities.” ~ Richard M. Salsman

An Art That Offers Choices

– January 4, 2022

“The new art form, the one staring its opponents right in the face, is an art form of cohesion, community, tradition, and representation. It is part of a revolution in mores and behaviors that can help lead us out of the nihilism to which we have all fallen victim.” ~ Spencer Klavan

In Search of Humility

– January 4, 2022

“Our lack of humility about what we can know and the worth of our value judgments in transforming reality is a problem in public life. Just about everyone would be better off if we had more contemplative realists like Hayek and Voegelin and fewer political activists.” ~ Todd Myers

A Master of Education or a Master of Faux Social Justice?

– January 3, 2022

“While an M.Ed. may look a lot more like an M.SJW. right now, the status quo does not have to be destiny. Education departments are not offering serious classes, but grassroots efforts can help fill the void.” ~ Garion Frankel

Encountering Thomas Sowell

– January 3, 2022

“If we are lucky, this documentary and Riley’s biography will be part of the necessary and overdue work of rectifying the oversight. I suppose I owe my aunt an apology.” ~ Thomas Chatterton Williams

A Simple New Year’s Resolution

– January 3, 2022

“Let lovers of liberty resolve this New Year to turn against collectivist groupthink and return to the basic principles of economics and common sense that made America’s first 245.5 years relatively happy and prosperous.” ~ Robert E. Wright

Packing Away the Constitution

– January 2, 2022

“Principled interpreters of the Constitution do not advocate overturning valid Constitutional precedents, but precedents that deviated from it, as the only way to maintain it as the ‘highest law of the land’ in fact, as well as on paper.” ~ Gary M. Galles

Founding Economics and American Conservatism’s Future

– January 2, 2022

“The significance of the economic fight on the right goes far beyond the world of supply and demand. It provides us with glimpses into very different possibilities for conservative thought and politics in America.” ~ Samuel Gregg

How to Compete with the Chinese

– January 1, 2022

“Will the search for technological supremacy lead us to embrace China’s vision of governance by a technologically sophisticated bureaucracy, and what does that mean for individual rights and dignity?” ~ Todd Myers

Speculations on Origins and Endings: An Essay on The Essential UCLA School of Economics

– January 1, 2022

“The best thing about David Henderson and Steven Globerman’s book (even better than the fact that it’s well-written, interesting, and offered at zero price) is the way it connects research that came out of UCLA to broader ideas.” ~ Michael L. Davis

Seth Rogen’s Car

– December 31, 2021

“Don’t let people like Rogen get away with saying, ‘It’s called ‘living in a big city.’ It’s not. It’s about defining what kinds of victimization you’re comfortable seeing others go through.” ~ Lou Perez

What is Critical Race Theory?

“AIER’s Research Director Phil Magness joins James R. Harrigan, AIER’s Senior Editor, and Antony Davies, Professor of economics at Duquesne University to discuss critical race theory.” ~ AIER

America’s Unplanned Constitutional Tradition

– December 31, 2021

“Liberty and Power demonstrates that Wood is still the consummate historian. Rather than being an ideologue locked into a permanent position, his changes in emphasis from his earlier works reveal a scholar who is willing to reconsider evidence and arguments.” ~ Aaron N. Coleman

As Nuclear Weapons Spread, US Should Close its Nuclear Umbrellas

– December 30, 2021

“Washington should abandon its policy of holding its national homeland and civilian population hostage for the security of other governments. It is time to shift policy before the US is expected to fight a nuclear war on behalf of someone else.” ~ Doug Bandow

Zombie Marxism

– December 30, 2021

“We will need to understand what people like Goldberg have in store. Many Americans have begun to grasp all of this intuitively and have begun to rise up and oppose CRT. To succeed, however, they will need our support.” ~ Mike Gonzalez