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.

Helping Social Security by Helping Yourself

“Not retiring — instead, doing age-appropriate jobs — is at least a partial solution to the prospect of an insolvent Social Security trust fund.” ~Jimmy Alfonso Licon

Why Does the Federal Government Borrow? 

“Policymakers have an incentive to finance spending with money printing and debt to hide the cost of spending from taxpayers. These costs cannot be hidden forever, though.” ~Thomas Savidge

Communism’s Routine Evil: East German Edition

“Hoyer attempts to provide a sympathetic reading of an alternative to capitalism – one that engaged in brutality, sure, but made such wonderful strides for inequality, women, and workers, and in which individuals did make their way and find meaning. In doing so, she ignores one big problem: the bodies.” ~Nikolai Wenzel

On the Efficiency and Morality of Free Markets

“Conservatives should be among the first to recognize that the struggle for political power when the state enforces concrete moral codes is destined to lead either to tyranny or to society-shredding violence.” ~Donald J. Boudreaux

Robinson-Patman Deserves Last Rites, Not Resurrection

“It strips consumers’ freedom to choose for themselves in an area they are far more competent at than government ‘enforcers,’ combined with the chutzpah of claiming that its purpose is to benefit competition.” ~Gary M. Galles

Whither the American Dream? 

“While the American dream was in its ascendancy, the Democratic left splintered, creating two factions which helped kill the American dream.” ~Ryan Bourne

The Origins of The War on Prices

“The past decade…has normalized the view that tampering with specific prices is no big deal. An unexpected inflation, arbitrarily redistributing income as it does, creates a fertile environment to justify controlling more prices still.” ~Ryan Bourne

More Housing Fixes (Almost) Everything

“The right should like that housing deregulation means fewer rules burdening businesspeople and people earn higher real incomes. The left should like that housing deregulation means higher real incomes and lower inequality.” ~Art Carden

The Martyrdom of Jimmy Lai

“Anyone who watches the documentary on Lai’s life is likely to find himself asking a question: ‘Would I have the courage to do what Jimmy Lai is doing?'” ~Jon Miltimore

Inflation to the Nines

“Americans will have to decide for themselves if the claim made by Biden was a lie intended to mislead anyone not familiar with the trajectory of prices over the past several years, or an innocent error.” ~Peter C. Earle

‘Tyranny’ by Any Other Name

“The liberal version of true democracy is everyone getting to decide, peaceably, how to manage their own lives — not everyone being perpetually subjected to the whims of 50-percent-plus-one of their fellow men.” ~Richard Morrison

Business Conditions Monthly March 2024

“We remain cautious, as economic statistics have been both volatile and reflective of highly unusual underlying conditions since pandemic policies were lifted three years ago.” ~Peter C. Earle

The Demise of the Dual Banking System 

“The issue comes down to whether a state-chartered bank that fulfills the legal requirements for a master account can be denied one by the Federal Reserve.” ~Gerald P. Dwyer

Creating So Many Jobs that Destroy Wealth 

“Many of the jobs created directly or indirectly by government policies impose net costs on society rather than producing benefits, which worsens rather than improves Americans’ wellbeing.” ~Gary M. Galles

FISA Destroys the Rule of Law

“Evidence…cannot be challenged by opposing counsel and are highly classified. This has resulted in the drone-like ‘rubber stamping’ of warrantless surveillance conducted without oversight or challenge.” ~Spence Purnell

Protectionists’ Cheap Tricks

“Gains from trade are mutual, a reality that isn’t changed one iota by imposing a political boundary between the traders. Protectionism therefore strips both foreigners and Americans of these gains.” ~Donald J. Boudreaux

Helping Social Security by Helping Yourself

“Not retiring — instead, doing age-appropriate jobs — is at least a partial solution to the prospect of an insolvent Social Security trust fund.” ~Jimmy Alfonso Licon

Why Does the Federal Government Borrow? 

“Policymakers have an incentive to finance spending with money printing and debt to hide the cost of spending from taxpayers. These costs cannot be hidden forever, though.” ~Thomas Savidge

Communism’s Routine Evil: East German Edition

“Hoyer attempts to provide a sympathetic reading of an alternative to capitalism – one that engaged in brutality, sure, but made such wonderful strides for inequality, women, and workers, and in which individuals did make their way and find meaning. In doing so, she ignores one big problem: the bodies.” ~Nikolai Wenzel

On the Efficiency and Morality of Free Markets

“Conservatives should be among the first to recognize that the struggle for political power when the state enforces concrete moral codes is destined to lead either to tyranny or to society-shredding violence.” ~Donald J. Boudreaux

Robinson-Patman Deserves Last Rites, Not Resurrection

“It strips consumers’ freedom to choose for themselves in an area they are far more competent at than government ‘enforcers,’ combined with the chutzpah of claiming that its purpose is to benefit competition.” ~Gary M. Galles

Whither the American Dream? 

“While the American dream was in its ascendancy, the Democratic left splintered, creating two factions which helped kill the American dream.” ~Ryan Bourne

The Origins of The War on Prices

“The past decade…has normalized the view that tampering with specific prices is no big deal. An unexpected inflation, arbitrarily redistributing income as it does, creates a fertile environment to justify controlling more prices still.” ~Ryan Bourne

More Housing Fixes (Almost) Everything

“The right should like that housing deregulation means fewer rules burdening businesspeople and people earn higher real incomes. The left should like that housing deregulation means higher real incomes and lower inequality.” ~Art Carden

The Martyrdom of Jimmy Lai

“Anyone who watches the documentary on Lai’s life is likely to find himself asking a question: ‘Would I have the courage to do what Jimmy Lai is doing?'” ~Jon Miltimore

Inflation to the Nines

“Americans will have to decide for themselves if the claim made by Biden was a lie intended to mislead anyone not familiar with the trajectory of prices over the past several years, or an innocent error.” ~Peter C. Earle

‘Tyranny’ by Any Other Name

“The liberal version of true democracy is everyone getting to decide, peaceably, how to manage their own lives — not everyone being perpetually subjected to the whims of 50-percent-plus-one of their fellow men.” ~Richard Morrison

Business Conditions Monthly March 2024

“We remain cautious, as economic statistics have been both volatile and reflective of highly unusual underlying conditions since pandemic policies were lifted three years ago.” ~Peter C. Earle

The Demise of the Dual Banking System 

“The issue comes down to whether a state-chartered bank that fulfills the legal requirements for a master account can be denied one by the Federal Reserve.” ~Gerald P. Dwyer

Creating So Many Jobs that Destroy Wealth 

“Many of the jobs created directly or indirectly by government policies impose net costs on society rather than producing benefits, which worsens rather than improves Americans’ wellbeing.” ~Gary M. Galles

FISA Destroys the Rule of Law

“Evidence…cannot be challenged by opposing counsel and are highly classified. This has resulted in the drone-like ‘rubber stamping’ of warrantless surveillance conducted without oversight or challenge.” ~Spence Purnell

Protectionists’ Cheap Tricks

“Gains from trade are mutual, a reality that isn’t changed one iota by imposing a political boundary between the traders. Protectionism therefore strips both foreigners and Americans of these gains.” ~Donald J. Boudreaux