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.

Consumer Confidence Edged Lower in November

– November 30, 2021

“Consumer attitudes fell back slightly as inflation fears continued to mount and new waves of Covid cases unsettled consumers. Continued expansion remains the likely course, but threats remain elevated.” ~ Robert Hughes

The Long Cycles in Markets and Political Order

– November 30, 2021

“I found Dalio’s thesis much more persuasive than I had anticipated: some historical patterns are real, wave-like, and operate over long horizons. With skill, data, and humility, we can uncover the likely prospects for our own times.” ~ Joakim Book

New Senate Antitrust Proposal Empowers Radical Bureaucratic Overreach

– November 30, 2021

“To protect our free markets, we should not be giving government overreach that much more of a chance to succeed. That’s simply falling into the pro-government trap.” ~ Kir Nuthi

The Chinese Financial Sector: On the Brink of Death

– November 30, 2021

“The Chinese banking and real estate sectors are on the brink of death. The government will do everything possible to reorganize the former and to save the latter, but it is very possible that it will be incapable of succeeding.” ~ Daniel Fernández

What You Can Learn On a Long Walk to American Girl

– November 29, 2021

“Shopping malls offer economic truths beyond their just being shopping locales. They’re in reality economic ecosystems that explain how economies work well outside their walls. A long walk to American Girl vivifies this truth with ease.” ~ John Tamny

Democracy Demands Transparency

– November 29, 2021

“If complete and instantaneous disclosure proves impossible politically, the United States should return to a government with powers so limited that it need not be constantly audited, watched, or dreaded.” ~ Robert E. Wright

Is Free Trade Elitist?

– November 29, 2021

“Intellectuals almost always feature prominently on any side of any debate over any issue. Free trade is nothing more, or less, than freedom and fairness. The notion that it is an elitist scheme is a grotesque canard.” ~ Donald J. Boudreaux

Economics and the Picture Show, Part Two

– November 28, 2021

“Casablanca is a political econo-drama trading in the existential currency of life, death, and love couched in the aesthetic aspirations of art.” ~ Robert Edward Gordon

Supply Chains and the Shortage Economy

– November 28, 2021

“Government control over supply chains would help make shortages permanent. Supply chains are too complex for anyone, including the managers of companies like Apple and Nike, to understand.” ~ Daniel Sutter

Americans Don’t Hate Work, They Hate the Workplace

– November 27, 2021

“We can build alternative institutions and parallel economies that create opportunities for hard-working Americans who won’t be pushed around.” ~ Austin Stone

Doubling Down on Foolishness

– November 27, 2021

“Plans to continue down that path at a far more rapid rate, as the Biden administration proposes, are doubling down on foolishness, yet may well occur unless Americans recognize them for what they are.” ~ Gary M. Galles

The Biden Crackdown on Thought Crimes

– November 26, 2021

“Extremism has always been a flag of political convenience, and the Biden team, the FBI, and their media allies will fan fears to sanctify new government crackdowns. But what if government is the most dangerous extremist of them all?” ~ James Bovard

A Different Perspective: How Threat-Free Are Americans from Covid-19?

– November 26, 2021

“It’s a risk decidedly lower than what people have been made to believe. This belief, unhealthy in and of itself, has given way to tolerating dangerous government edicts while forestalling a grounded approach to individual risk assessment and management.” ~ Jon Sanders

Getting Real About Taxes

– November 26, 2021

“It is high time that the federal government recognizes the creepy tax effects of inflation and gets real about taxes. It should forget about taxing unrealized capital gains, compensate victims of its inflationary policies, and begin to inflation-index everything.” ~ Robert E. Wright

How Hayek Can Transform Our Ingratitude into Gratitude

– November 25, 2021

“Understanding Hayek transforms our thinking into a rich appreciation of how individuals cooperate and bring forth the miracles of the modern economy. With the opening of eyes long closed, our ingratitude becomes gratitude.” ~ Barry Brownstein

The Gospel of a 99% Consensus

– November 25, 2021

“It is not surprising to see an array of messiahs come up with genocidal plans to banish all evil, that is, reliable energy — the blood of modern, long, and prosperous life — in the name of the revealed ‘truth.'” ~ Robertas Bakula

A Series of Miracles

– November 25, 2021

“Take a cue from Lincoln and appreciate the blessings that we do enjoy rather than pining for things we don’t. Take a cue from the best America has produced and say a prayer of thanks. Happy Thanksgiving.” ~ James R. Harrigan

Corporate Profits Hit a Record High in the Third Quarter

– November 24, 2021

“Corporate profits hit a record high despite a tight labor market and rising input costs. Companies may be not only passing along higher costs to consumers, but also taking advantage of consumers’ willingness to pay higher prices and boosting profit margins.” ~ Robert Hughes