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.

AI Opposition: Economic and Philosophical Sophistry

“Economic growth is by far and away the most far-reaching and compounding good mankind has ever experienced — the very phenomenon responsible for modern infrastructure, schools, and health care.” ~Jack Nicastro and Samuel Crombie

How the Subsidy Straw Is Sucking The Colorado River Dry

“A trifecta of farming-sector entitlements have incentivized producers to grow thirsty plants, underpriced water extraction, and created moral hazard….Subsidies have made water 10 times cheaper in Arizona than in Michigan.” ~Peter Clark

20th Century Ideology, Modern Mixed Economies

“Neither the Chinese communists nor the Russian communists ever redistributed significant resources from the able to the needy. If anything, they did the reverse.” ~John Goodman

Quality Boosts in Sports Collectibles

“An hour of labor today might not buy many more baseball cards than an hour of labor a generation ago, but it would be a mistake to conclude that living standards haven’t changed much because the quality has improved so much.” ~Art Carden

Principleless, Panicked and Power-Hungry

“The authoritarian response to COVID amounted to the biggest inroads on our civil liberties in two hundred years… the judges were as frightened and panicked as most everyone else.” ~James Allan

US Manufacturing is Doing Just Fine

“Faced with the increased prosperity that has correlated with lowered trade barriers, making the case that trade liberalization has led to widespread harm is no easy task.” ~Colin Grabow

Eating The Rich Won’t Feed the Beast

“The hungry behemoth that is the US federal government is already eating the rich… Jeff Bezos’ great fortune would finance the government for… less than a week. ” ~Joakim Book

Inflation Remained Elevated in February

“Market participants continue to expect three cuts this year — and that those cuts will begin in the first half of the year. But they have adjusted the odds.” ~William J. Luther

Baseball, a Beer, and a Dog

“The most expensive beer in the major leagues is found where everything seems to be most expensive: Washington, DC. At Nationals Park a single beer will set you back $14.99.” ~James R. Harrigan

Red Alert: Biden’s Biggest Chips Act Expense Yet

“When politicians resort to deficit spending to bankroll industrial ventures, they put upward pressure on interest rates by issuing more debt and competing with scarce private funds.” ~Vance Ginn

Fixing A Big Mistake in Risk-Based Capital Rules

“Both long Treasuries and mortgage-backed securities guaranteed by government agencies are in current regulation included as ‘High Quality Liquid Assets.’ But of course they both can and have created plenty of interest rate risk.” ~Alex J. Pollock

AI Opposition: Economic and Philosophical Sophistry

“Economic growth is by far and away the most far-reaching and compounding good mankind has ever experienced — the very phenomenon responsible for modern infrastructure, schools, and health care.” ~Jack Nicastro and Samuel Crombie

How the Subsidy Straw Is Sucking The Colorado River Dry

“A trifecta of farming-sector entitlements have incentivized producers to grow thirsty plants, underpriced water extraction, and created moral hazard….Subsidies have made water 10 times cheaper in Arizona than in Michigan.” ~Peter Clark

20th Century Ideology, Modern Mixed Economies

“Neither the Chinese communists nor the Russian communists ever redistributed significant resources from the able to the needy. If anything, they did the reverse.” ~John Goodman

Quality Boosts in Sports Collectibles

“An hour of labor today might not buy many more baseball cards than an hour of labor a generation ago, but it would be a mistake to conclude that living standards haven’t changed much because the quality has improved so much.” ~Art Carden

Principleless, Panicked and Power-Hungry

“The authoritarian response to COVID amounted to the biggest inroads on our civil liberties in two hundred years… the judges were as frightened and panicked as most everyone else.” ~James Allan

US Manufacturing is Doing Just Fine

“Faced with the increased prosperity that has correlated with lowered trade barriers, making the case that trade liberalization has led to widespread harm is no easy task.” ~Colin Grabow

Eating The Rich Won’t Feed the Beast

“The hungry behemoth that is the US federal government is already eating the rich… Jeff Bezos’ great fortune would finance the government for… less than a week. ” ~Joakim Book

Inflation Remained Elevated in February

“Market participants continue to expect three cuts this year — and that those cuts will begin in the first half of the year. But they have adjusted the odds.” ~William J. Luther

Baseball, a Beer, and a Dog

“The most expensive beer in the major leagues is found where everything seems to be most expensive: Washington, DC. At Nationals Park a single beer will set you back $14.99.” ~James R. Harrigan

Red Alert: Biden’s Biggest Chips Act Expense Yet

“When politicians resort to deficit spending to bankroll industrial ventures, they put upward pressure on interest rates by issuing more debt and competing with scarce private funds.” ~Vance Ginn

Fixing A Big Mistake in Risk-Based Capital Rules

“Both long Treasuries and mortgage-backed securities guaranteed by government agencies are in current regulation included as ‘High Quality Liquid Assets.’ But of course they both can and have created plenty of interest rate risk.” ~Alex J. Pollock