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.

AIER’s Editorial Policy.

Harwood Economic Review 90 Years of New Perils

AIER’s dedication to classical liberalism drives us to address both long standing and unforeseen challenges to American values. This issue tackles emergent threats to freedom: wokism, growing Fed mandates, and ESG among others. As threats to liberty expand, our commitment to safeguarding fundamental American ideals does as well.

Industrial Policy Indignities

“Some low-value-added manufacturing, once economically sensible to do stateside, should now take place elsewhere. The alternative is tying up American workers in less-than-productive jobs.” ~David B. McGarry

Emergent Order in Inner Space

“In other words, the hand is invisible not because it is deftly hiding in the shadows, but because it isn’t there at all.” ~Paul Schwennesen

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

China is Scaring Away Investors

“Xi expects business as well as people to serve the CCP. As authoritarian controls metastasize throughout the economy, everyone suffers.” ~Doug Bandow

America Can’t Afford Bidenomics

“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

Two Kinds of Transitory Inflation

“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

New AIER Podcast: Econception

Experience the debut episode of AIER’s newest podcast ‘Econception,’ hosted by Dominic Pino. The economy is complicated, but markets work.

Public Choice Sheds Light on the Bipartisan Tax Deal

“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

Reforms for West Virginia’s Future

“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

NJ’s Plastic Bag Ban Backfires Horribly

“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 Manure Lobby: Farmer Fury in Europe

“When a motivated and adequately organized group combines to concentrate its lobbying power on government, it generates foreseeable incentives for the ruling legislatures.” ~Paul Schwennesen

Dollarization in Argentina: A Missed Opportunity

“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

A Tale of Two Economies

“There are three possible resolution scenarios to federal government borrowing and spending — none of them good for economic growth in the near term.” ~Paul Mueller

Seize the Means of Production in a Few Easy Steps

“Slow-motion corporate raiding just doesn’t stir the blood like waving a flag and raising a fist at the barricade or building a guillotine outside Jeff Bezos’s house.” ~Art Carden

US Can Thwart the CBDC Onslaught

“The argument that lagging digital dollar development is necessarily bad for Americans ignores a long history of US government promises about gathered data and its use.” ~Peter C. Earle

Harwood Economic Review 90 Years of New Perils

AIER’s dedication to classical liberalism drives us to address both long standing and unforeseen challenges to American values. This issue tackles emergent threats to freedom: wokism, growing Fed mandates, and ESG among others. As threats to liberty expand, our commitment to safeguarding fundamental American ideals does as well.

Industrial Policy Indignities

“Some low-value-added manufacturing, once economically sensible to do stateside, should now take place elsewhere. The alternative is tying up American workers in less-than-productive jobs.” ~David B. McGarry

Emergent Order in Inner Space

“In other words, the hand is invisible not because it is deftly hiding in the shadows, but because it isn’t there at all.” ~Paul Schwennesen

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

China is Scaring Away Investors

“Xi expects business as well as people to serve the CCP. As authoritarian controls metastasize throughout the economy, everyone suffers.” ~Doug Bandow

America Can’t Afford Bidenomics

“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

Two Kinds of Transitory Inflation

“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

New AIER Podcast: Econception

Experience the debut episode of AIER’s newest podcast ‘Econception,’ hosted by Dominic Pino. The economy is complicated, but markets work.

Public Choice Sheds Light on the Bipartisan Tax Deal

“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

Reforms for West Virginia’s Future

“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

NJ’s Plastic Bag Ban Backfires Horribly

“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 Manure Lobby: Farmer Fury in Europe

“When a motivated and adequately organized group combines to concentrate its lobbying power on government, it generates foreseeable incentives for the ruling legislatures.” ~Paul Schwennesen

Dollarization in Argentina: A Missed Opportunity

“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

A Tale of Two Economies

“There are three possible resolution scenarios to federal government borrowing and spending — none of them good for economic growth in the near term.” ~Paul Mueller

Seize the Means of Production in a Few Easy Steps

“Slow-motion corporate raiding just doesn’t stir the blood like waving a flag and raising a fist at the barricade or building a guillotine outside Jeff Bezos’s house.” ~Art Carden

US Can Thwart the CBDC Onslaught

“The argument that lagging digital dollar development is necessarily bad for Americans ignores a long history of US government promises about gathered data and its use.” ~Peter C. Earle