Daily news from the American Institute for Economic Research: stories, research, and articles touching on economics, politics, culture, education, policy, opinion, technology, markets, healthcare, regulation, trends, and much more.
AIER cuts through the noise of partisan shouting matches with objective, scientific research and principles that lead to sustained economic prosperity and human flourishing. Striving toward a world where all people enjoy the benefits of a truly free society.
“When we take account of the full costs of lockdowns and related mandates, including the pernicious precedents these inevitably set, it’s clear that the lowest-cost – the best – source of protection against disease such as Covid-19 is personal responsibility.” ~ Donald J. Boudreaux & Lyle D. Albaugh
“If the paternalistic policies and the ideological arrogance and intolerance behind these counterrevolutionaries against freedom and the free market fully prevail, the liberty that we still possess will be even more greatly curtailed than at present, as those who call for the ‘social responsibility’ of business restrict our remaining freedom to choose.” ~ Richard M. Ebeling
“A news outlet that posted a bond with a third party that would be forfeited if it insisted on publishing anything factually wrong, or crossed the line between journalism and punditry, could create the sort of trust that people once had in the New York Times and other papers of record, all of which essentially posted informal bonds backed by their reputations and expected future profitability.” ~ Robert E. Wright
“The virus will vanish from the public mind as viruses do: inauspiciously as our clever immune systems incorporate its properties into our internal resistance codes. But we will have another struggle facing us in the years ahead concerning what precisely we are going to tolerate from our state officials and how much of a priority we are going to place on retaining our rights and liberties. This choice is something we must all face in our own lives, and then work to see instantiated in the legal structures of societies we hope can maintain their freedom.” ~ Jeffrey Tucker
“Free to Choose holds up very well even after forty years. Friedman’s analysis still holds, and it’s interesting to see (for example) how the rhetoric of the opposition to educational choice hasn’t really changed. Free to Choose does more than show that freedom works. It explains why, and it does so memorably.” ~ Art Carden
“Everyone is blaming everyone else for external behaviors — social disapproval eliminates the need for police enforcement — with a targeted goal of perfect compliance. This was set in motion when the government made a bald, difficult-to-disprove assertion — ‘together, we can stop death’ — and built-in a dissent-silencing mechanism: ‘we are trying to save lives, so anyone who disagrees with us is a killer.'” ~ Stacey Rudin
“The Trump economy was ruined. Look what’s happened on his watch! All just in time for the election. And especially in the more Democrat-controlled states.” ~ Daniel B. Klein
“When the feedback mechanism of personal interaction is overruled by a grand scheme, even if it is noble and (seemingly) virtuous, there can be strong negative results that cause the central planner to double, triple, or quadruple down on his failed scheme, resulting in even more problems.” ~ Jon Murphy
” Scott Atlas has a strong case that his old colleagues played fast and loose with his professional reputation for purely political reasons. If the courts get involved and decide against the signers of this document, I won’t shed too many tears for their free speech rights: after all, the upshot of their letter is to lend their professional reputations to violating everyone’s right in the name of disease mitigation, and cover up their political motivations with the veneer of science.” ~ Jeffrey Tucker
Open Letter from Medical Doctors and Health Professionals to All Belgian Authorities and All Belgian Media
The following letter has made an impact on public health authorities not only in Belgium but around the world. The text could pertain to any case in which states locked down their citizens rather than allow people freedom and permit medical professionals to bear the primary job of disease mitigation.
“If President Trump has an ounce of decency, he should promptly pardon Edward Snowden, who at a very young age, with a promising career and his whole life ahead of him, put everything on the line to protect us from the very people who are supposed to be protecting us. Let’s hope that Trump does the right thing.” ~ David S. D’Amato
“Brutalist methods will not rebuild social peace. This is not a call to accept mandates, but such mandates can be opposed without blaming the small business owners who are victimized just as much as we are.” ~ Barry Brownstein
“A healthy and prosperous society is not guaranteed by the size of its wealth, the capabilities of its technology, or the perceived intelligence of its experts. Rather it is upheld by the promulgation of ideas. Ideas rooted in free enterprise, limited government, individual dignity, and the rule of law. America, the most powerful polity in human history, brought itself to its knees by turning on these proven principles in the midst of a pandemic that freer countries handled far better.” ~ Ethan Yang
“Stated simply, the economy is weak because politicians imposed command-and-control lockdowns, and having done that, they poured gasoline on a fire of their own making with trillions more in spending. Let’s not vandalize common sense with more of what’s already failed. The only economic relief is an end to the lockdowns.” ~ John Tamny
“This was indeed Red Dawn. The invader was not the virus but rather governments who imagined that with enough edicts and guns they could intimidate the virus into going away. They tried to scare the disease away with rhetoric and violence but in the end, governments have only one ability: the capacity to control people. The sooner we recognize the real enemy is government overreach, the sooner we can get on with making sure nothing like this ever happens again.” ~ Jeffrey Tucker
“By decree of an anonymous university “supercomputer,” Victoria’s Dan Andrews has opted to extend stage 4 lockdowns. This is once again stalling the economic recovery of the region and plundering the wealth and liberty of millions across the state.” ~ Taleed Brown
“Just like in markets, truly revolutionary technologies never destroy the old order–they usually accomplish more through adoption, changing established players from within. Goodacre’s efforts, especially as a hub where traditional academic insiders and outsiders met, teaches us much about how new technology changes old institutions. More academics should learn the lesson.” ~ Max Gulker
“Much of the current debate revolves around an emergent historiographical school. Usually referred to as the ‘New History of Capitalism’ (NHC), this school has produced a sizable body of research contending that the institution of slavery was a central building block of American capitalism. At the same time however, the NHC literature has come under intense criticism from economic historians who have long studied the same subject, and who question both its use of evidence and its conclusions.” ~ Phillip W. Magness