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“If the United States has been harmed by NAFTA, it is perhaps found in the misplaced attention it receives. Energy devoted to the trade deal’s alleged harm is attention deflected from actual policy missteps.” ~Colin Grabow
“While tailwinds from normalizing supply chains are cooling goods prices, concerns linger about the sustainability of this trend. In particular, the February CPI readings strongly suggest that the January updraft was not anomalous.” ~Peter C. Earle
“A record $1.3 trillion in credit card debt may be masking a weaker economy than the top-line spending numbers suggest, as consumers accrue debt to maintain a standard of living being crushed by rising prices in housing, groceries, and energy.” ~Spence Purnell
“That China’s downfall stems from its own collectivist policies is no small irony, but it should come as no surprise. It stems from the same flawed thinking that led to the fall of the last communist empire.” ~Jon Miltimore
“From inflation to a Fed tightening cycle, to banking losses and now real estate tremors, we again find ourselves climbing tenuously out of one hole only to collapse limply into another.” ~Peter C. Earle
“It’s not that Argentina lacks dollars. Rather, it is that the Argentine government lacks the will to commit to its dollarization plan.” ~Nicolás Cachanosky
AIER proudly introduces Qualified Opinions, a new podcast hosted by Veronique de Rugy that will illuminate the “challenges facing free markets, liberalism, and the political climate of today.”
“Our dependence on the ability to serve others in highly specialized ways is contingent on the rest of the system working constantly and efficiently. Our shrinking command of general competence puts us at greater risk.” ~Michael Munger
“Simply by repurposing existing personal property, Uber, Airbnb, and other sharing-economy innovations enlarge humanity’s stock of productive capital. And in doing so, these innovations also create more capitalists.” ~Donald J. Boudreaux
“The extended social order created by the free market expands our opportunities to cooperate with others, and crucially, accepts human nature for what it is.” ~Barry Brownstein
“Higher rates could be a sign of loose money, not tight, depending on how far from the policy change we’re looking and how fast the market adapts.” ~ Alexander W. Salter
“Like any other good, environmental protection has an opportunity cost. Surveys indicate that the majority of Europeans support green laws; however, a majority is also increasingly worried about the cost.” ~Nikolai Wenzel
“The damage done by allowing ‘anticompetitive’ mergers dissipates over time, but the benefits of erroneously prohibiting beneficial ones are lost forever.” ~Tarnell Brown
“So rather than starting to tighten policy in the fourth quarter of ‘21, as Powell described, the Fed was implicitly loosening policy through May of ‘22.” ~Thomas L. Hogan
“Whether the distribution is problematic and calls for correction is one question, but measuring the extent of inequality and whether it is getting worse is an entirely different issue.” ~Robert Mulligan
“Overbuilt facilities generate excess capacity, waste resources, and are only needed in extreme events. A consumer-of-last-resort could secure electricity grids and monetize their resilience.” ~Joakim Book
“The discount shelf in your lower supermarket is emblematic of the same process as well, albeit in the opposite direction. Variable pricing permits improved resource allocations, including of labor, by responding to real-time conditions.” ~Peter C. Earle
“Alas, most voters are ignorant of Econ 101. They don’t realize that price ceilings actually decrease buyers’ access to goods whose prices are kept artificially low by government diktats.” ~Donald J. Boudreaux
“If the United States has been harmed by NAFTA, it is perhaps found in the misplaced attention it receives. Energy devoted to the trade deal’s alleged harm is attention deflected from actual policy missteps.” ~Colin Grabow
“While tailwinds from normalizing supply chains are cooling goods prices, concerns linger about the sustainability of this trend. In particular, the February CPI readings strongly suggest that the January updraft was not anomalous.” ~Peter C. Earle
“A record $1.3 trillion in credit card debt may be masking a weaker economy than the top-line spending numbers suggest, as consumers accrue debt to maintain a standard of living being crushed by rising prices in housing, groceries, and energy.” ~Spence Purnell
“That China’s downfall stems from its own collectivist policies is no small irony, but it should come as no surprise. It stems from the same flawed thinking that led to the fall of the last communist empire.” ~Jon Miltimore
“From inflation to a Fed tightening cycle, to banking losses and now real estate tremors, we again find ourselves climbing tenuously out of one hole only to collapse limply into another.” ~Peter C. Earle
“It’s not that Argentina lacks dollars. Rather, it is that the Argentine government lacks the will to commit to its dollarization plan.” ~Nicolás Cachanosky
AIER proudly introduces Qualified Opinions, a new podcast hosted by Veronique de Rugy that will illuminate the “challenges facing free markets, liberalism, and the political climate of today.”
“Our dependence on the ability to serve others in highly specialized ways is contingent on the rest of the system working constantly and efficiently. Our shrinking command of general competence puts us at greater risk.” ~Michael Munger
“Simply by repurposing existing personal property, Uber, Airbnb, and other sharing-economy innovations enlarge humanity’s stock of productive capital. And in doing so, these innovations also create more capitalists.” ~Donald J. Boudreaux
“The extended social order created by the free market expands our opportunities to cooperate with others, and crucially, accepts human nature for what it is.” ~Barry Brownstein
“Higher rates could be a sign of loose money, not tight, depending on how far from the policy change we’re looking and how fast the market adapts.” ~ Alexander W. Salter
“Like any other good, environmental protection has an opportunity cost. Surveys indicate that the majority of Europeans support green laws; however, a majority is also increasingly worried about the cost.” ~Nikolai Wenzel
“The damage done by allowing ‘anticompetitive’ mergers dissipates over time, but the benefits of erroneously prohibiting beneficial ones are lost forever.” ~Tarnell Brown
“So rather than starting to tighten policy in the fourth quarter of ‘21, as Powell described, the Fed was implicitly loosening policy through May of ‘22.” ~Thomas L. Hogan
“Whether the distribution is problematic and calls for correction is one question, but measuring the extent of inequality and whether it is getting worse is an entirely different issue.” ~Robert Mulligan
“Overbuilt facilities generate excess capacity, waste resources, and are only needed in extreme events. A consumer-of-last-resort could secure electricity grids and monetize their resilience.” ~Joakim Book
“The discount shelf in your lower supermarket is emblematic of the same process as well, albeit in the opposite direction. Variable pricing permits improved resource allocations, including of labor, by responding to real-time conditions.” ~Peter C. Earle
“Alas, most voters are ignorant of Econ 101. They don’t realize that price ceilings actually decrease buyers’ access to goods whose prices are kept artificially low by government diktats.” ~Donald J. Boudreaux
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