Daily Economy

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.

Needed: More People to Keep Asking Why

Gary Galles September 13, 2023

“If you pay attention to public policy, you have probably come up with your own list of ‘not asked, much less answered’ questions that stick with you.” ~ Gary Galles

Without Rules, the Fed Rules

Alexander W. Salter September 12, 2023

“Committing to a rule significantly lowers the cost of evaluating Fed policy. And lowering the cost of evaluating Fed policy could make it very clear to a great many people that the Fed is up to no good.” ~ Alexander W. Salter

Dollarization and the Lender of Last Resort

Nicolas Cachanosky September 11, 2023

“Typically, there is little risk of losing a lender of last resort in countries with troubled currencies that are considering dollarization because such countries don’t have a lender of last resort to lose.” ~ Nicolas Cachanosky

Utopia and Parallels of History

Emile Phaneuf September 11, 2023

“History is full of instructive examples that reveal the conditions that allow for both human flourishing and those that end catastrophically.” ~ Emile Phaneuf III

Peter Turchin’s ‘End Times,’ A Review

Thaddeus Meadows September 10, 2023

“Turchin’s model does appear to shed some light on the ‘elite-vs-deplorable’ dynamic playing out in our national drama.” ~ Thaddeus Meadows and Mike Ryall

Confusing Liberty with Power 

Paul Mueller September 9, 2023

“The oldest and fullest sense of liberty means freedom from coercion – that is, freedom to act according to your own plans and goals rather than according to someone else’s.” ~ Paul Mueller

Business Conditions Monthly July 2023

Peter C. Earle September 8, 2023

“In summary, and with the caution that should attend social science empirics: a weakening US job market on top of the increasingly encumbered financial circumstances of many US citizens renders the continuation of robust consumption doubtful.” ~ Peter C. Earle

Are Humans Inherently Selfish?

Anthony Gill September 8, 2023

“A thicker view of rationality accepts the view that people live in a world with social norms that both condition and constrain our actions.” ~ Anthony Gill

Using People the Right Way 

Gary Galles September 7, 2023

“You offer me means to advance my ultimate ends, not my ultimate ends themselves. I offer you resources in exchange, but those are also means to your ultimate ends, not your ultimate ends themselves.” ~ Gary Galles

The Can Conundrum: Governments Don’t Have Coherent Goals

Art Carden September 7, 2023

“Policies enacted to fix one problem lead to still other problems, which will then require other policies to fix, and so on, until we’re crushed by a giant snowball of well-intended “solutions” and their unintended consequences.” ~ Art Carden

Needed: More People to Keep Asking Why

Gary Galles September 13, 2023

“If you pay attention to public policy, you have probably come up with your own list of ‘not asked, much less answered’ questions that stick with you.” ~ Gary Galles

Without Rules, the Fed Rules

Alexander W. Salter September 12, 2023

“Committing to a rule significantly lowers the cost of evaluating Fed policy. And lowering the cost of evaluating Fed policy could make it very clear to a great many people that the Fed is up to no good.” ~ Alexander W. Salter

Dollarization and the Lender of Last Resort

Nicolas Cachanosky September 11, 2023

“Typically, there is little risk of losing a lender of last resort in countries with troubled currencies that are considering dollarization because such countries don’t have a lender of last resort to lose.” ~ Nicolas Cachanosky

Utopia and Parallels of History

Emile Phaneuf September 11, 2023

“History is full of instructive examples that reveal the conditions that allow for both human flourishing and those that end catastrophically.” ~ Emile Phaneuf III

Peter Turchin’s ‘End Times,’ A Review

Thaddeus Meadows September 10, 2023

“Turchin’s model does appear to shed some light on the ‘elite-vs-deplorable’ dynamic playing out in our national drama.” ~ Thaddeus Meadows and Mike Ryall

Confusing Liberty with Power 

Paul Mueller September 9, 2023

“The oldest and fullest sense of liberty means freedom from coercion – that is, freedom to act according to your own plans and goals rather than according to someone else’s.” ~ Paul Mueller

Business Conditions Monthly July 2023

Peter C. Earle September 8, 2023

“In summary, and with the caution that should attend social science empirics: a weakening US job market on top of the increasingly encumbered financial circumstances of many US citizens renders the continuation of robust consumption doubtful.” ~ Peter C. Earle

Are Humans Inherently Selfish?

Anthony Gill September 8, 2023

“A thicker view of rationality accepts the view that people live in a world with social norms that both condition and constrain our actions.” ~ Anthony Gill

Using People the Right Way 

Gary Galles September 7, 2023

“You offer me means to advance my ultimate ends, not my ultimate ends themselves. I offer you resources in exchange, but those are also means to your ultimate ends, not your ultimate ends themselves.” ~ Gary Galles

The Can Conundrum: Governments Don’t Have Coherent Goals

Art Carden September 7, 2023

“Policies enacted to fix one problem lead to still other problems, which will then require other policies to fix, and so on, until we’re crushed by a giant snowball of well-intended “solutions” and their unintended consequences.” ~ Art Carden