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.

Chairman Powell and The Fed’s Limits

“Congress should applaud Chairman Powell’s candor on uncertainty and strongly support his principle of operating the Fed within the limits of its mandate.” ~Alex J. Pollock

The Magic Food Cupboard

“Every small aspect of the work that people do to deliver and stock those Whole Foods grocery shelves is noble, in its own way. Dismissing the parts as meaningless fails to understand the power of the larger system.” ~Michael Munger

The Bourgeois Deal Brought Us More than Pie in the Sky

“We didn’t need a worker’s revolution to get and enjoy pie in the here and now… Innovation and profit-seeking in a society that embraced the Bourgeois Deal made workers so much more productive that the pie grew. A lot.” ~Art Carden

Apple’s Big Business: Mises is Right, Sen Warren is Wrong

“The government’s ever-growing interest in deterring business expansion, along with granting federal agencies greater say over marketplace matters, is a complete disservice to our nation’s progress.” ~Kimberlee Josephson

Getting Monetary Policy Back on Track

“Experts seemingly identify much more closely with the central bankers — the practitioners of monetary policy — than with those forced to contend with the negative consequences of bad decisions.” ~Judy Shelton

Is Texas Really the Future of Freedom?

“Texas does several big things really well, and I’m rooting for them to improve elsewhere. But let’s not pretend Texas is the free-market archetype for the country.” ~Jason Sorens

Unlimited Growth, Forever

“Every popular scare of the past has been side-stepped, improved, or solved, by one or another human effort, usually serendipitously and rarely at all with well-meaning bureaucrats directing the process. ” ~Joakim Book

The Ratchet Effect on the Fed’s Balance Sheet

“The ratchet effect has locked us in a world with a massive Fed balance sheet — and the insidious problems of runaway deficit spending and easy bailout monetary expansion that come with it.” ~ Paul Mueller

Florida’s Faux-Meat Ban Slaughtered Free Enterprise 

“The public interest is served when fraud, deception, and misleading labeling are prevented. Unfortunately, the Florida legislature has gone far beyond this, at the behest of the ranchers’ lobby.” ~Paul Mueller

Does Market Concentration Signal Monopoly?

“The Coasean theory of the firm is noticeably absent from antitrust discussions. Failure to understand that firms arise to lower costs can lead to incorrect conclusions.” ~Jon Murphy

Stakeholder Statism is Coming

“ESG follows the trajectory of efforts by the progressive left to replace a free, voluntary, and competitive society… with centrally ordered institutions… to engineer their preferred society.” ~Richard M. Reinsch

Failed Proof that Every Vote Counts

“Many candidates who have vociferously insisted that ‘every vote counts’ push policies that deny vast numbers of Americans the right to get what they would vote for if given the choice.” ~Gary Galles

Take National Security Off Auto-Pilot

“We have squandered our own scarce resources, bred animosity overseas, and frequently made existing conditions worse.” ~Andrew Byers

They Can Afford It!

“Even companies with unusually high net worth cannot, in fact, afford to pay workers more than those workers contribute to the companies’ bottom lines.” ~Donald J. Boudreaux

Taxpayer Rights Revival in California

“With inflation shrinking the purchasing power of their dollar and faced with higher tax bills because of ‘bracket creep,’ taxpayers are starting to push back against wasteful government spending again.” ~Thomas Savidge

Economists’ Advocacy for a Carbon Tax Is Misguided

“The reality is that bureaucrats and politicians would likely choose a metric aligned with their self-interest or with the interests of those who currently hold power.” ~Kenneth W. Costello

Chairman Powell and The Fed’s Limits

“Congress should applaud Chairman Powell’s candor on uncertainty and strongly support his principle of operating the Fed within the limits of its mandate.” ~Alex J. Pollock

The Magic Food Cupboard

“Every small aspect of the work that people do to deliver and stock those Whole Foods grocery shelves is noble, in its own way. Dismissing the parts as meaningless fails to understand the power of the larger system.” ~Michael Munger

The Bourgeois Deal Brought Us More than Pie in the Sky

“We didn’t need a worker’s revolution to get and enjoy pie in the here and now… Innovation and profit-seeking in a society that embraced the Bourgeois Deal made workers so much more productive that the pie grew. A lot.” ~Art Carden

Apple’s Big Business: Mises is Right, Sen Warren is Wrong

“The government’s ever-growing interest in deterring business expansion, along with granting federal agencies greater say over marketplace matters, is a complete disservice to our nation’s progress.” ~Kimberlee Josephson

Getting Monetary Policy Back on Track

“Experts seemingly identify much more closely with the central bankers — the practitioners of monetary policy — than with those forced to contend with the negative consequences of bad decisions.” ~Judy Shelton

Is Texas Really the Future of Freedom?

“Texas does several big things really well, and I’m rooting for them to improve elsewhere. But let’s not pretend Texas is the free-market archetype for the country.” ~Jason Sorens

Unlimited Growth, Forever

“Every popular scare of the past has been side-stepped, improved, or solved, by one or another human effort, usually serendipitously and rarely at all with well-meaning bureaucrats directing the process. ” ~Joakim Book

The Ratchet Effect on the Fed’s Balance Sheet

“The ratchet effect has locked us in a world with a massive Fed balance sheet — and the insidious problems of runaway deficit spending and easy bailout monetary expansion that come with it.” ~ Paul Mueller

Florida’s Faux-Meat Ban Slaughtered Free Enterprise 

“The public interest is served when fraud, deception, and misleading labeling are prevented. Unfortunately, the Florida legislature has gone far beyond this, at the behest of the ranchers’ lobby.” ~Paul Mueller

Does Market Concentration Signal Monopoly?

“The Coasean theory of the firm is noticeably absent from antitrust discussions. Failure to understand that firms arise to lower costs can lead to incorrect conclusions.” ~Jon Murphy

Stakeholder Statism is Coming

“ESG follows the trajectory of efforts by the progressive left to replace a free, voluntary, and competitive society… with centrally ordered institutions… to engineer their preferred society.” ~Richard M. Reinsch

Failed Proof that Every Vote Counts

“Many candidates who have vociferously insisted that ‘every vote counts’ push policies that deny vast numbers of Americans the right to get what they would vote for if given the choice.” ~Gary Galles

Take National Security Off Auto-Pilot

“We have squandered our own scarce resources, bred animosity overseas, and frequently made existing conditions worse.” ~Andrew Byers

They Can Afford It!

“Even companies with unusually high net worth cannot, in fact, afford to pay workers more than those workers contribute to the companies’ bottom lines.” ~Donald J. Boudreaux

Taxpayer Rights Revival in California

“With inflation shrinking the purchasing power of their dollar and faced with higher tax bills because of ‘bracket creep,’ taxpayers are starting to push back against wasteful government spending again.” ~Thomas Savidge

Economists’ Advocacy for a Carbon Tax Is Misguided

“The reality is that bureaucrats and politicians would likely choose a metric aligned with their self-interest or with the interests of those who currently hold power.” ~Kenneth W. Costello