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.

Wishing that Hans Rosling Were Still Alive

– November 23, 2020

“People around the world, engulfed by the fear instinct, have allowed themselves to be stirred by the media – and by their political ‘leaders’ – into an hysterical terror over Covid-19. It’s too bad that Hans Rosling is not alive in 2020 to help the forces of sanity fight Covid Derangement Syndrome.” ~ Donald J. Boudreaux


The Legacy of Thanksgiving is Free Enterprise

– November 23, 2020

“It is time to take their experience to heart and celebrate not the collectivism with which they began their start in the New World, but the spirit of liberty, private property, self-responsibility, and freedom of enterprise which they and those who came to America in the following centuries left to us as a legacy of individual freedom, limited government, and the prosperity that only can come from the competitive liberty of the free and voluntary marketplace.” ~ Richard M. Ebeling


Medical Supplies Are Too Important to Leave to a National Supply Commander

– November 23, 2020

“Managing medical supply production and distribution is a most unnecessary attention for a central planner. As Smith points out, it is nowhere so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.” ~ Art Carden


Asymptomatic Spread Revisited

– November 22, 2020

“We keep hearing about how we should follow the science. The claim is tired by now. We know what’s really happening. The lockdown lobby ignores whatever contradicts their narrative, preferring unverified anecdotes over an actual scientific study of 10 million residents in what was the world’s first major hotspot for the disease we are trying to manage. You would expect this study to be massive international news. So far as I can tell, it is being ignored.” ~ Jeffrey Tucker


Covid Governments and Social Harmony

– November 22, 2020

“In a free society, trading, perusing wares, socializing and enjoying the company of others are mutually beneficial, innocent and harmonious actions. In a government-mandated Covid society, these wants are now antagonistic.”~ Joakim Book


An Education in Viruses and Public Health, from Michael Yeadon, Former VP of Pfizer

– November 21, 2020

This video provides one of the most erudite and informative looks at Covid-19 and the consequences of lockdowns. It was remarkable this week to watch as it appeared on YouTube and was forcibly taken down only 2 hours after posting. The copy below is hosted on LBRY, a blockchain video application. In a year of fantastic educational content, this is one of the best we’ve seen.


Giving Thanks for Our Mutual Dependence

– November 21, 2020

“We need not surrender to authoritarian politicians our own moral agency to care for others. While some try to tear the ties that bind us, we can express gratitude for the great chain of human connection holding us together. We can celebrate the relationships that set us free and make the modern world possible.” ~ Barry Brownstein


The Blizzard of Bogus Journalism on Covid

– November 20, 2020

“The world is being seriously misled by major media organs. The politicians are continuing to panic and impose draconian controls, fully nine months into this, and despite mountains of evidence of the real harm the lockdowns are causing everyone. If you haven’t lost faith in politicians and major media at this point, you have paid no attention to what they have been doing for the better part of this catastrophic year.” ~ Jeffrey Tucker


Important Factors Driving Bitcoin’s Drastic Growth in 2020

– November 20, 2020

“The swift growth of Bitcoin signals a number of important financial milestones as well as warning signs. Signals that not only lend some support to the cryptocurrency’s value but also provide important insight into our current state of financial affairs.” ~ Ethan Yang


Lockdowns Stunt Women’s Progress

– November 20, 2020

“Over the past one hundred years, the country created a space where women could more easily work, attain higher education, open businesses, and be freer economic agents. Now, lockdown policies and their advocates are forcing a massive step backward in gender equality and women’s economic freedom.” ~ Amelia Janaskie


If Trump Were Serious About Making America Great Again, He Would Have Done This

– November 20, 2020

“If Trump is serious about making America Great Again, he will, on his way out, do the right thing and make sure Santa Claus never threatens our airspace or our borders ever again.” ~ Art Carden


Existing-home sales

Existing-Home Sales Rise to the Highest Level in More Than A Decade

– November 19, 2020

“Existing-home sales rose again in October, making housing a bright spot for the economy, but the outlook remains highly uncertain.” – Robert Hughes


FedCoin Revisited

– November 19, 2020

“We don’t know whether the Fed would take steps to eliminate cash or impose negative rates on FedCoin balances. We don’t know how it would go about intermediating funds. But such speculations should make one thing clear: there are risks. At the least, we should develop strong institutional checks before permitting the Fed to plow ahead.” ~ Nicolás Cachanosky


Initial Claims for Unemployment Benefits Rose Slightly as New Restrictions Emerged

– November 19, 2020

“Initial claims for unemployment benefits rose slightly in the latest week, the first increase since October 10. Renewed government restrictions pose a threat to economic recovery.” – Robert Hughes


The Complexity of Monetary Policy and the Effectiveness of the Fed’s Commitment to a Higher Rate of Inflation

– November 19, 2020

“A better policy would be to bring greater clarity to the structure and effects of the Fed’s policy framework so as to improve the quality of investor expectations. So long as investors feel that they might as well be reading tea leaves to predict Fed policy, the Fed will struggle to anchor investor expectations of nominal and real income growth.” ~ James L. Caton


Irish Scientists and Doctors Inveigh Against Lockdowns

– November 19, 2020

“The White Paper recommends four overarching strategies consistent with the 2019 WHO and Irish pandemic guidelines, including the removal of lockdowns and a focused protection of the vulnerable. Overall, this paper is an impressive study on lockdowns and presents a mountain of evidence that demonstrates lockdowns are not only ineffective but harmful to people and must be stopped to maintain a healthy society.” ~ Amelia Janaskie


Single-Family Home Constructions Stays Strong in October

– November 18, 2020

“Single-family housing continues to be one of the strongest areas of the economy, supported by low mortgage rates and increased demand.” – Robert Hughes


Getting Covid Is Not a Crime

– November 18, 2020

“As states begin to lock down/lock up again, our choice remains clear: one simple, tried and true rule that respects individual rights and liberties, or myriads of oppressive rules that work at cross purposes and are certain to be mocked now and in the future.” ~ Robert E. Wright