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.

February Payrolls Jump but Details Are Less Robust

– March 5, 2021

“Payrolls posted a big gain in February, but breadth was modest across the economy and many labor measures are still well below pre-pandemic levels.” – Robert Hughes

The Great Reopening

The Great Reopening

– March 5, 2021

“Please do not give up hope. In the Spring of last year, all seemed lost. As the Spring comes again, we are again reminded that history is nothing more than what we make of it. We are not its victims but its authors. Freedom will return!” ~ Edward Peter Stringham

Politicians Turn Problems Into Power

– March 5, 2021

“Politicians make grandiose claims about their various and sundry programs because those claims resonate with the people who receive government largesse. In the end, people receive pennies on the dollar compared to what they could have received had we decided just to write a check. Our government has become a tool that politicians use to turn national problems into political power, so it should come as no surprise that they are not interested in solving problems at all.” ~ Antony Davies & James R. Harrigan

The Emancipation of Texas

– March 5, 2021

“Even in the face of danger, Texas prefers the risk of freedom over the false security of obeying someone else’s belief of how life should be lived. Now they have their freedoms back. May they learn once again, as my Texas ancestors did, that they must fight never to have their freedoms taken away again.” ~ Jeffrey Tucker

Paternalism Remains Public Enemy Numero Uno

– March 5, 2021

“So much easier, it is, to use the coercive power of the state to fund pet projects than to convince numerous individuals to give of their own accord! But take it from one who knows, paternalism most often leads to toil and trouble. Cancel not, lest ye be cancelled; he who summons the demons of the swamp may be consumed by those same demons.” ~ Robert E. Wright

Birth Dearth Nine Months Following COVID Lockdowns

– March 5, 2021

“The unintended consequences of fewer births following lockdowns are an example of what the French economist Frederic Bastiat called, “that which is not seen.” It may be two years before birth data for 2020 are available from CDC. Local researchers need to examine their local data to answer these questions.” ~ Gilbert G. Berdine

Space Exploration Is Best Left to Machines

– March 5, 2021

“Human evolution has at best ground to a halt … and at worst is regressing. But machines march on and on. Whether they can eventually replace us in all ways is both definitional and a subject for another time. But in outer space? Yes, humanity will indeed boldly go where it hasn’t before. But in his creations, not in physical bodies.” ~ Michael Fumento

Initial Claims Remain Range Bound

– March 4, 2021

“Initial claims fell in the latest week, but overall remain range bound, suggesting the labor market remains soft.” – Robert Hughes

The CDC’s Mask Mandate Study: Debunked

– March 4, 2021

“Trusting the science means relying on the scientific process and method and not merely ‘following the leader.’ It is not the same as trusting, without verification, the conclusory statements of human beings simply because they have scientific training or credentials. This is especially so if their views and inquiry have become politicized.” ~ AIER Contributing Authors

The Covid Crucible

– March 4, 2021

“Constant repetition of the bizarre and obviously untrue mantra that policymakers are ‘following the science’ and not basing Covid policy on the 21st-century equivalent of spectral evidence suggests that Miller was on to something fundamental. So watch or read The Crucible until the crucible of Covid repression spurs a new literary treatment of the dangers unleashed by that strange brew of populism, private interest, and government power.” ~ Robert E. Wright

Your Right to Refuse a Health Passport

– March 4, 2021

“Governor Cuomo has had too much control for too long; he has obviously enjoyed wielding it since Day 1. As I have said again and again, until we make clear that we will not abide by these infringements on our civil rights, our liberty, and our dignity, they will not stop. Unfortunately, New Yorkers have proven themselves all too willing to comply.” ~ Jenin Younes

The Right to Work and Occupational Licensing

– March 4, 2021

“There is nothing more Un-American and Anti-Capitalist than a system that ordains some with the right to earn a living and bars others from that same essential right. Rather than cultivating an environment where everyone can safely contribute, occupational licenses have made the economy a pay-to-play scheme that only serves well-connected interests.” ~ Amelia Janaskie, Ethan Yang & Jack Nicastro

In Finance, Slow is Good

– March 3, 2021

“What the central bank RTGS/LSM two-step teaches us is that we need a good balance between fast and slow. Sure, real-time settlement is a nice feature. But let’s also have delayed settlement. If brokerages have a choice to use some combination of two-day and real-time settlement, we may arrive at a socially optimal stock settlement rate.” ~ J.P. Koning

Yuval Noah Harari’s Terrifying Pandemic Future

– March 3, 2021

“Let’s focus on the ethical obligation that now runs rampant in our broken societies: everyone’s health is everyone else’s business. Your wants, desires, habits, and routines are mine to police; after all, if we’re not careful, your body could be the source of the next global disease. That means I, or some national or global entity that I control, must be in charge of your life. It is a scary world into which Professor Harari wants us to happily and voluntarily walk.” ~ Joakim Book

Light-Vehicle Sales Decreased in February

– March 3, 2021

“Light-vehicle sales fell in February, falling below the recent range. The decline was led by a sharp drop in domestic car sales.” – Robert Hughes

The Maoist Roots of Social Justice in Higher Education

– March 3, 2021

“Those who actually want to make efforts to forward amiable goals like diversity, equity, and inclusion should distance themselves from radical far-left doctrines in favor of one that does not seek political domination while using minorities as a wedge. If that cannot be done, it would be understandable for demands for social justice to be thoroughly rejected by those who wish to preserve the integrity of higher education.” ~ Ethan Yang

Central Planners Send Vaccines to Places Seniors Don’t Live

– March 3, 2021

“Federal officials monopolized the purchase and distribution of vaccines which were sent to state governments, which micromanaged distribution of vaccines to their counties. Vaccines were then rationed by political preferences (such as defining some jobs as more essential than others) and by random luck after spending hours searching for an appointment.” ~ Alan Reynolds

16 States Are Now Following The Science

– March 3, 2021

“Governors who continue to impose lockdowns and mask mandates are fast becoming as popular as Red Sox fans in the Yankee Stadium bleachers, at least in half of the country. The internal polling is out, and the draconian restrictions are being abandoned in droves. History will not be kind to the remaining high-handed holdouts.” ~ Jordan Schachtel