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.

Can BRICS Displace the Dollar?

“The noise from BRICS about creating their own reserve currency and abandoning the dollar is little more than noise. As irresponsible as the Fed has been, BRICS policymakers apparently want to inflate faster than even the Fed will allow.” ~Robert F. Mulligan

Property in Words: Not Even Under Suspicion

“Respect for the creators of ideas, and the words through which those ideas are conveyed in the literature, is the highest value we have in the academy.” ~Michael Munger

Tucker Carlson’s Dollar Store Takedown

“The best way to help those with lesser means is to provide them with more options. Dollar stores don’t create low-income households, they serve them.” ~Kimberlee Josephson

Happy New Year! Have Some Inflation

“After a rough couple of rounds, inflation has come out swinging. It doesn’t have the legs for a knockout punch, but it remains a troublesome opponent.” ~Alexander W. Salter

A Short Guide to ESG: Philosophical Problems

“At the end of the day, much of the Environmental, Social, and Governance movement rests on a pretense of knowledge. What’s worse, it puts the interest of the ‘collective’ over the wellbeing of individuals.” ~Paul Mueller

Review: Milton Friedman: The Last Conservative

“Friedman wasn’t a contrarian, but a firm believer in following the facts wherever they led. This ‘positive economics’ approach would underpin his later contributions for which he was most known.” ~Michael N. Peterson

Inflation Hit Some States Harder

“States with better regulatory policies enjoy a lower cost of living and attract workers and investment. The most important regulatory policy is the freedom to build, that is, a lack of burdensome zoning regulations that make housing scarce and costly.” ~Jason Sorens

Remembering James Gwartney, 1940-2024

Gwartney will be remembered as a master economic educator and founder of the Economic Freedom of the World (EFW) index, which is published by Canada’s Fraser Institute.

Business Conditions Monthly November 2023

“In light of expectations of falling demand and the increased vulnerability of the US economy to geopolitical shocks, our prediction of a US recession by September 2024 stands.” ~Peter C. Earle

The Cheap Populism of Bashing CEO Pay

“The time needed to accumulate skills and experience is considerable and few people want to have the downsides of being a CEO. Demand for such skill is increasing faster than supply, which results in growing CEO pay. It’s basic economics.” ~Vincent Geloso

Are CEOs overpaid?

“Behavioral economics contributes the insight that different kinds of compensation incentivize, reward, and support different kinds of behavior, so a range of justifications for executive compensation may come into play and need to be considered by directors and the compensation committee.” ~Robert Mulligan

Can BRICS Displace the Dollar?

“The noise from BRICS about creating their own reserve currency and abandoning the dollar is little more than noise. As irresponsible as the Fed has been, BRICS policymakers apparently want to inflate faster than even the Fed will allow.” ~Robert F. Mulligan

Property in Words: Not Even Under Suspicion

“Respect for the creators of ideas, and the words through which those ideas are conveyed in the literature, is the highest value we have in the academy.” ~Michael Munger

Tucker Carlson’s Dollar Store Takedown

“The best way to help those with lesser means is to provide them with more options. Dollar stores don’t create low-income households, they serve them.” ~Kimberlee Josephson

Happy New Year! Have Some Inflation

“After a rough couple of rounds, inflation has come out swinging. It doesn’t have the legs for a knockout punch, but it remains a troublesome opponent.” ~Alexander W. Salter

A Short Guide to ESG: Philosophical Problems

“At the end of the day, much of the Environmental, Social, and Governance movement rests on a pretense of knowledge. What’s worse, it puts the interest of the ‘collective’ over the wellbeing of individuals.” ~Paul Mueller

Review: Milton Friedman: The Last Conservative

“Friedman wasn’t a contrarian, but a firm believer in following the facts wherever they led. This ‘positive economics’ approach would underpin his later contributions for which he was most known.” ~Michael N. Peterson

Inflation Hit Some States Harder

“States with better regulatory policies enjoy a lower cost of living and attract workers and investment. The most important regulatory policy is the freedom to build, that is, a lack of burdensome zoning regulations that make housing scarce and costly.” ~Jason Sorens

Remembering James Gwartney, 1940-2024

Gwartney will be remembered as a master economic educator and founder of the Economic Freedom of the World (EFW) index, which is published by Canada’s Fraser Institute.

Business Conditions Monthly November 2023

“In light of expectations of falling demand and the increased vulnerability of the US economy to geopolitical shocks, our prediction of a US recession by September 2024 stands.” ~Peter C. Earle

The Cheap Populism of Bashing CEO Pay

“The time needed to accumulate skills and experience is considerable and few people want to have the downsides of being a CEO. Demand for such skill is increasing faster than supply, which results in growing CEO pay. It’s basic economics.” ~Vincent Geloso

Are CEOs overpaid?

“Behavioral economics contributes the insight that different kinds of compensation incentivize, reward, and support different kinds of behavior, so a range of justifications for executive compensation may come into play and need to be considered by directors and the compensation committee.” ~Robert Mulligan