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.

Taylor Swift, Politics, and the Value of Friendship

“During the silly season of presidential elections, which often brings out the worst in us, it’s important to remember that true friendship is worth more than political pride.” ~Jon Miltimore

How to Really End ESG

“It’s incumbent upon ESG critics to advocate an alternative vision, not merely to fall in line with convention.” ~Russell Greene

Moderate Inflation Affirms Fed’s Path to Easing

“The Fed should ignore the political noise and follow the data. Central bankers failed to curb inflation, but that doesn’t mean they should deliberately make the opposite mistake now.” ~Alexander W. Salter

Unity in Disunity

“When ‘unity’ means government policies will substitute for choices we would make for ourselves, it means domination, even though we do not want to be dominated.” ~Gary Galles

Remembering the Truly Forgotten

“Money and finance are the font and essence of modernity. I honor and praise the memory of the professionals who worked in the World Trade Center.” ~Peter C. Earle

Overhaul for the Uninsured?

“Full reliance on a public budgeting system for providing access to medical care is a certain prescription for millions of disappointed patients.” ~James C. Capretta

Kroger Invests $1B in Antitrust Defense

“Consumers would be better served if companies could spend more time on improving their services and less on fending off litigation.” ~Noah C. Gould

Lose the Political Informality

“Politicians’ first-name basis… is a mercenary maneuver to gain our confidence on the cheap. It is literally a con game.” ~Donald J. Boudreaux

Is America’s Cultural Glue Weakening?

“Not so long ago in America it was considered rude to ask anyone other than one’s inner social circle which positive moral actions they undertook. But it now happens every second of every day.” ~David Rose

Is America’s Cultural Glue Weakening?

“Not so long ago in America it was considered rude to ask anyone other than one’s inner social circle which positive moral actions they undertook. But it now happens every second of every day.” ~David Rose

DNC Celebrates ‘Freedom,’ But Not Liberty

“As the DNC has just demonstrated so well, a host of rhetorical abuses can find a foothold in offering so many freedoms but so little liberty.” ~Gary M. Galles

Slumming It: How Commerce Once Communed with Sin

“The miracle of the modern economy owes as much to the accidental playhouse of 1576 as to the intentional jurisprudence of 1625 and the late-to-the-game Glorious Revolution in 1689.” ~Scott Drylie

Users, Not Regulators, Decide When Google Will Fall

“Congress should Google the benefits of economic freedom and also search up how to curtail the gargantuan levels of government spending…a bulging bureaucratic state is more costly for Americans than the growing success of our most innovative firms.” ~Kimberlee Josephson

To Grow Freely, Resist the ‘New Right’

“Under the guise of a new form of conservatism, this faction argues for increased government intervention in the economy, protectionist measures, and the strengthening of monopoly labor unions.” ~Vance Ginn

Inflation Slightly Below Target in July

“The federal funds rate target range is likely to be at least a full percentage point lower by the end of the year. That would significantly reduce the distance the Fed needs to travel in order to return monetary policy to neutral.” ~William J. Luther

Harris’s Child Tax Credit Plan Punishes Working Families 

“Now is not the time to add even more spending to future taxpayers’ tab. The very Americans whom the Harris plan seeks to help — children — are the ones who will ultimately face the burden of repaying it in the form of higher taxes and dampened economic growth.” ~Kevin Corinth

Did the Bank of England Set Britain on the Road to Ruin? 

“Officials sent out critical letters to Truss and her Chancellor, containing an analysis that has since proved incorrect, and which were immediately leaked to the press. The damage was done – the Bank and the blob had their fall guy.” ~Iain Murray

Free Market Fundamentals and NatCon Inconsistencies

“I’ve never encountered a protectionist of any stripe who explains why the jobs preserved by protectionism have a higher non-material or ethical importance than do the jobs destroyed by protectionism.” ~Donald Boudreaux

Does a Construction Cartel Explain Rising Rents?

“Stoller and Quintero may well be right that home-builder concentration does reduce housing supply and raise costs, but it hasn’t been proven yet, and it’s at best a minor factor compared to the zoning restrictions.” ~Jason Sorens

Regulatory Burden Falls Hardest on the Poor

“Occupational licensing — the costly requirement of a license to be engaged in a particular profession — has grown massively in recent decades. Many of the new regulations fall on low- and medium-income professions.” ~Vincent Geloso

Beijing’s Sovereign Claims for Tibet

“Chinese policy ignores the reality that Tibetans care more about their own distinctive culture, history, and identity than they care about expressing loyalty to Beijing. Perhaps this is what is most galling to China’s leaders.” ~Christopher Lingle

Interventions, Easy Money Run Amok

“An obvious set of perverse incentives simply stimulate more risk-taking by corporate management and investment firms in the future, resulting in even bigger future bailouts down the road. At a certain point this strategy of holding the wolf by the ears will become untenable.” ~Richard Morrison

Entitlement Collapse is Worse Than it Looks 

“Voters need to understand that by not pressuring politicians to deal with entitlements now, we might end up with a substantial amount of the means of American production being owned by the government. This will harm our society incalculably.” ~David C. Rose