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.

Check Your Economic Hubris

“No matter how glorious it was for Icarus to fly and how well he thought he could do it, reality has a way of punishing excessive hubris.” ~Joakim Book

The Future of Bitcoin in Light of a Spot ETF

“While the SEC’s long-overdue approval of a Bitcoin spot ETF deserves a bit of celebration, watch out for what’s next. The state apparatus will increasingly treat Bitcoin as a regulated financial product.” ~Emile Phaneuf III

A Short Guide to ESG: Conclusions

“Unfortunately, ESG experts and government officials are convinced that they already know the answers to these questions and simply need to redirect massive resources accordingly. But if they are wrong, we will all suffer.” ~Paul Mueller

Immigration, Inflation, and Wages: Better Under Trump or Biden?

“Ten months from now, there’s a high likelihood Biden and Trump could go head-to-head again for the presidency, especially after the results from the Iowa caucus. But voters should be informed about the effects of their policies on key issues like immigration, inflation, and wages.” ~Vance Ginn

Markets and the Montgomery Bus Boycott

“The immutable laws of markets enabled Montgomery’s black community to use the withholding of bus fares through the organized boycott to effectively turn the city bus company into an ally for legal reform.” ~Blake Ball

The Gramscian March Trips Up

“The strategy aimed at shaping collective consciousness seems to have backfired, as the population, witnessing the institutional embrace of socialist ideologies, lost faith in the very institutions ostensibly meant to guide them.” ~Paul Schwennesen

Can BRICS Displace the Dollar?

“The noise from BRICS about creating their own reserve currency and abandoning the dollar is little more than noise. As irresponsible as the Fed has been, BRICS policymakers apparently want to inflate faster than even the Fed will allow.” ~Robert F. Mulligan

Property in Words: Not Even Under Suspicion

“Respect for the creators of ideas, and the words through which those ideas are conveyed in the literature, is the highest value we have in the academy.” ~Michael Munger

Tucker Carlson’s Dollar Store Takedown

“The best way to help those with lesser means is to provide them with more options. Dollar stores don’t create low-income households, they serve them.” ~Kimberlee Josephson

Happy New Year! Have Some Inflation

“After a rough couple of rounds, inflation has come out swinging. It doesn’t have the legs for a knockout punch, but it remains a troublesome opponent.” ~Alexander W. Salter

A Short Guide to ESG: Philosophical Problems

“At the end of the day, much of the Environmental, Social, and Governance movement rests on a pretense of knowledge. What’s worse, it puts the interest of the ‘collective’ over the wellbeing of individuals.” ~Paul Mueller

Check Your Economic Hubris

“No matter how glorious it was for Icarus to fly and how well he thought he could do it, reality has a way of punishing excessive hubris.” ~Joakim Book

The Future of Bitcoin in Light of a Spot ETF

“While the SEC’s long-overdue approval of a Bitcoin spot ETF deserves a bit of celebration, watch out for what’s next. The state apparatus will increasingly treat Bitcoin as a regulated financial product.” ~Emile Phaneuf III

A Short Guide to ESG: Conclusions

“Unfortunately, ESG experts and government officials are convinced that they already know the answers to these questions and simply need to redirect massive resources accordingly. But if they are wrong, we will all suffer.” ~Paul Mueller

Immigration, Inflation, and Wages: Better Under Trump or Biden?

“Ten months from now, there’s a high likelihood Biden and Trump could go head-to-head again for the presidency, especially after the results from the Iowa caucus. But voters should be informed about the effects of their policies on key issues like immigration, inflation, and wages.” ~Vance Ginn

Markets and the Montgomery Bus Boycott

“The immutable laws of markets enabled Montgomery’s black community to use the withholding of bus fares through the organized boycott to effectively turn the city bus company into an ally for legal reform.” ~Blake Ball

The Gramscian March Trips Up

“The strategy aimed at shaping collective consciousness seems to have backfired, as the population, witnessing the institutional embrace of socialist ideologies, lost faith in the very institutions ostensibly meant to guide them.” ~Paul Schwennesen

Can BRICS Displace the Dollar?

“The noise from BRICS about creating their own reserve currency and abandoning the dollar is little more than noise. As irresponsible as the Fed has been, BRICS policymakers apparently want to inflate faster than even the Fed will allow.” ~Robert F. Mulligan

Property in Words: Not Even Under Suspicion

“Respect for the creators of ideas, and the words through which those ideas are conveyed in the literature, is the highest value we have in the academy.” ~Michael Munger

Tucker Carlson’s Dollar Store Takedown

“The best way to help those with lesser means is to provide them with more options. Dollar stores don’t create low-income households, they serve them.” ~Kimberlee Josephson

Happy New Year! Have Some Inflation

“After a rough couple of rounds, inflation has come out swinging. It doesn’t have the legs for a knockout punch, but it remains a troublesome opponent.” ~Alexander W. Salter

A Short Guide to ESG: Philosophical Problems

“At the end of the day, much of the Environmental, Social, and Governance movement rests on a pretense of knowledge. What’s worse, it puts the interest of the ‘collective’ over the wellbeing of individuals.” ~Paul Mueller