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.
“One thousand people can be unimaginably more wealthy than eight people. Division of labor is the most important source of increasing returns to scale in the market system.” ~Michael Munger
“If protectionism makes supply chains more robust, then we should expect to see that in the data. A quick overview shows, however, that protected industries are more vulnerable to shocks than less-protected industries.” ~Jon Murphy
“Obamacare offerings are often inferior to those available in the short-term market, even with huge taxpayer subsidies and transfers from the real suckers who are forced to overpay for their care.” ~Gary M. Galles
“No matter how much higher standards of living for nearly everyone in today’s market-oriented economies are, living standards could be even higher. The costs of obtaining, maintaining, and further raising these living standards could be even lower.” ~Donald J. Boudreaux
“What was obvious then should be more obvious today: Energy crises are governmental. Market challenges and solutions are entirely different from full-blown emergencies.” ~Robert L. Bradley
“The FTC argues that Amazon’s market power inhibits the ability of competitors to enter the retail superstore marketplace. Such concerns are likely overblown.” ~David Gillette and Warren Barge
“Sure, supply-side factors contributed to higher prices in some markets, as did supply chain bottlenecks. But those are short-term fluctuations that don’t tell the entire story of reduced purchasing power for everyone.” ~Vance Ginn
“Progressives and conservatives are both convinced that their morality and vision for society is correct, and have no qualms about using the power of the state to impose it upon the rest of us.” ~Michael Munger
“If the US were to embrace the idea that college should be an entitlement, the results would be very undesirable. More resources would be drawn into providing college education, and we’d get less educational value in return.” ~George Leef
“How many minor and major irritations and grievances occupy your thinking throughout the day? What do we sacrifice when our attention is centered on grievances?” ~Barry Brownstein
“Allow individuals to build it and make clear that they cannot force others to build it for them, and they will build it. And, most likely, they will not want to blow it up.” ~Robert E. Wright
“Some Republicans’ apparent assumption that the American economy would benefit if American companies operated fully within the US badly misperceives the basic realities of globalized trade.” ~David B. McGarry
“Major changes in oil prices seem likely to drive the near-term changes in CPI inflation, both headline inflation and possibly core as well.
Another big question is how the Fed will respond.” ~Thomas L. Hogan
“While CRT may have been a niche subject as recently as the 1990s, academic journal citations of CRT scholars exploded around the time of the ‘Great Awokening’ (2013-2014).” ~Phillip W. Magness
“Circumstances beyond our control will likely compel us to revert to something like the ‘old-time fiscal religion’ of balanced budgets during ordinary times, reserving deficits for extraordinary times.” ~Alexander W. Salter
“Both past and present suits claimed that the problem was dominant sellers unfairly harming independents, which thereby undermined competition. But in that, they misrepresented both what competition means and who was harming less-successful competitors.” ~Gary M. Galles
“Visitors often got their first exposure to a Southern town where members of their race voted, held office, enforced the laws, spoke freely, and walked through the front door. Their day-to-day experiences in Mound Bayou were an inspiration for changing their own communities.” ~David T. Beito
“Zoning codes require parking based on rough estimates of demand for ‘free’ parking at the time of development, ignoring how subsequent economic changes could affect demand.” ~Jason Sorens
“One thousand people can be unimaginably more wealthy than eight people. Division of labor is the most important source of increasing returns to scale in the market system.” ~Michael Munger
“If protectionism makes supply chains more robust, then we should expect to see that in the data. A quick overview shows, however, that protected industries are more vulnerable to shocks than less-protected industries.” ~Jon Murphy
“Obamacare offerings are often inferior to those available in the short-term market, even with huge taxpayer subsidies and transfers from the real suckers who are forced to overpay for their care.” ~Gary M. Galles
“No matter how much higher standards of living for nearly everyone in today’s market-oriented economies are, living standards could be even higher. The costs of obtaining, maintaining, and further raising these living standards could be even lower.” ~Donald J. Boudreaux
“What was obvious then should be more obvious today: Energy crises are governmental. Market challenges and solutions are entirely different from full-blown emergencies.” ~Robert L. Bradley
“The FTC argues that Amazon’s market power inhibits the ability of competitors to enter the retail superstore marketplace. Such concerns are likely overblown.” ~David Gillette and Warren Barge
“Sure, supply-side factors contributed to higher prices in some markets, as did supply chain bottlenecks. But those are short-term fluctuations that don’t tell the entire story of reduced purchasing power for everyone.” ~Vance Ginn
“Progressives and conservatives are both convinced that their morality and vision for society is correct, and have no qualms about using the power of the state to impose it upon the rest of us.” ~Michael Munger
“If the US were to embrace the idea that college should be an entitlement, the results would be very undesirable. More resources would be drawn into providing college education, and we’d get less educational value in return.” ~George Leef
“How many minor and major irritations and grievances occupy your thinking throughout the day? What do we sacrifice when our attention is centered on grievances?” ~Barry Brownstein
“Allow individuals to build it and make clear that they cannot force others to build it for them, and they will build it. And, most likely, they will not want to blow it up.” ~Robert E. Wright
“Some Republicans’ apparent assumption that the American economy would benefit if American companies operated fully within the US badly misperceives the basic realities of globalized trade.” ~David B. McGarry
“Major changes in oil prices seem likely to drive the near-term changes in CPI inflation, both headline inflation and possibly core as well.
Another big question is how the Fed will respond.” ~Thomas L. Hogan
“While CRT may have been a niche subject as recently as the 1990s, academic journal citations of CRT scholars exploded around the time of the ‘Great Awokening’ (2013-2014).” ~Phillip W. Magness
“Circumstances beyond our control will likely compel us to revert to something like the ‘old-time fiscal religion’ of balanced budgets during ordinary times, reserving deficits for extraordinary times.” ~Alexander W. Salter
“Both past and present suits claimed that the problem was dominant sellers unfairly harming independents, which thereby undermined competition. But in that, they misrepresented both what competition means and who was harming less-successful competitors.” ~Gary M. Galles
“Visitors often got their first exposure to a Southern town where members of their race voted, held office, enforced the laws, spoke freely, and walked through the front door. Their day-to-day experiences in Mound Bayou were an inspiration for changing their own communities.” ~David T. Beito
“Zoning codes require parking based on rough estimates of demand for ‘free’ parking at the time of development, ignoring how subsequent economic changes could affect demand.” ~Jason Sorens
250 Division Street | PO Box 1000
Great Barrington, MA 01230-1000
Press and other media outlets contact
888-528-1216
press@aier.org
AIS is a fully owned subsidiary of AIER
This work is licensed under a
Creative Commons Attribution 4.0 International License,
except where copyright is otherwise reserved.
© 2021 American Institute for Economic Research
Privacy Policy
AIER is a 501(c)(3) Nonprofit
registered in the US under EIN: 04-2121305
