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.

Let’s Not Repeat the Same Mistakes With the Delta Variant

– August 2, 2021

“The real danger with all of this is whether or not we are going to get the same incoherent set of impositions on our lives as the first few waves. Those in power should tread lightly because they truly have worn our patience thin for what is becoming far too long.” ~ Ethan Yang

Cuban Farm Fantasies and Failures

– August 1, 2021

“Cuba should have watched and learned from the more complete reforms embraced by China and Vietnam. By holding onto Soviet-inspired collective farming institutions, while experimenting with a return to pre-industrial farm technologies, the tone-deaf regime in Havana puts its own survival at risk.” ~ Robert Paarlberg

Sweden to the Political Left of the Whole USA?

– August 1, 2021

“Leftists might deny that they generally favor greater governmentalization, but the reality is that their ideas and policies almost always lead to bigger government. They often seem to be in denial about that, just as they are in denial about the downside of governmentalizing social affairs.” ~ Daniel B. Klein

Bringing Money Under the Rule of Law

– August 1, 2021

“The problem, of course, is that the Fed has always been under constant political pressure, but even when it is acting independently, its adventurism can and has ended poorly. To combat this, the authors argue that the Fed should be bound by explicit rules that constrain it from exercising broad discretion.” ~ Ethan Yang

What’s in a Name? Quite a Lot, Actually

– July 31, 2021

“After studying economics, I started to understand what brand names do. Social phenomena persist because they solve problems, and brand names solve significant information problems. I think critics of brand names and marketing would do well to give consumers the benefit of the doubt.” ~ Art Carden

Will More Media Bias Save Democracy?

– July 31, 2021

“Washington Post media columnist Margaret Sullivan is urging journalists to become openly biased. Sullivan claims this is necessary to save democracy. But most Washington reporters have more affection for Leviathan than for liberty or democracy.” ~ James Bovard

A Conversation on Keynes, Morality, and the Economy

– July 31, 2021

“On this episode of the Authors Corner, Ethan sits down with AIER Visiting Fellow, Dr. Victor Claar to speak about his recent research and publications on the ideas of John Maynard Keynes and their long-term impact on how we view economics from a moral perspective.” ~ AIER

Is Our Current Inflation Temporary? Look at the Numbers

– July 31, 2021

“John Williams, the New York Fed President, is expecting 3% inflation this year. I’m expecting inflation in 2021 to be above 5%. In six months, we’ll be able to look at the actual numbers and see whose estimate was closer.” ~ Randall G. Holcombe

CNN’s Death Toll

– July 30, 2021

“Throughout the pandemic, CNN and certain other cable news networks deliberately induced panic in order to boost their ratings and the CDC recently revealed that anxiety is the second most important contributing factor to death from/with Covid. Mass media pundits may have been as deadly as Masses or mass meetings.” ~ Robert E. Wright

Understanding China’s Financial Market Chaos

– July 30, 2021

“In this case, Beijing seems to be making a calculated decision to pursue immediate political goals over long-term growth. Such trends are likely to continue and will make investing in Chinese companies increasingly unattractive.” ~ Ethan Yang

Sweden: Despite Variants, No Lockdowns, No Daily Covid Deaths

– July 30, 2021

“Thus the country the media loved to hate is reaping the best of all worlds: Few current cases and deaths, stronger economic growth than the lockdown countries, and its people never experienced the yoke of tyranny.” ~ Michael Fumento

It’s Time to End the Covid Mandates

– July 29, 2021

“It is time to set aside ‘temporary’ emergency policies. A year and a half of restrictions on individual liberty is too long, has given the government too much power, and has set a bad precedent that is likely to have negative effects on our liberties down the road.” ~ Randall G. Holcombe

Consumer Spending Drives Economic Recovery in the Second Quarter

– July 29, 2021

“The U.S. economy posted another strong quarter of growth, led by consumer spending. The outlook remains favorable but the Delta variant, accelerating consumer price increases from material shortages, labor and logistical issues, and potential changes to monetary and fiscal policies are keeping uncertainty elevated.” – Robert Hughes

Scientific Authoritarianism Erodes Private Property and Human Liberty

– July 29, 2021

“Scientists that seek to present a unified and authoritative voice or are guided by partisan interests should not be trusted when they opine on ‘public health’ or the natural environment. Resisting the advance of scientific authoritarianism has become the front line for the protection of human liberty and the sanctity of private property.” ~ Christopher Lingle

Federal Court Rules Against Closing Private Schools

– July 29, 2021

“The Court’s ruling was a long-overdue check on the egos of California’s leaders who, through the entire pandemic, treated its citizens like lab rats. Its lockdown policies have been the most severe and the most arbitrary, paying little attention to evidence or the law.” ~ Ethan Yang

Is Inflation Really a Problem?

– July 29, 2021

“Inflation has real costs when it’s unpredictable. We want monetary institutions to keep generalized price increases on a steady, anticipable path. Since central banks often go out of their way not to be understood, we might have a valid complaint against them after all.” ~ Alexander W. Salter

History Lessons: The Case Against Regulating ESG Ratings Agencies

– July 28, 2021

“This history lesson strongly suggests to us that security regulators should refrain from endorsing any particular ESG metric. Sadly, security regulators around the world appear to be intent on repeating the mistakes made by the SEC in the 1970s.” ~ Robert E. Wright & Andrew Smith

The Case For Diplomacy and Engagement Over Brinkmanship

– July 28, 2021

“We must light the way with our example through engagement, trade, and a commitment to walking what we talk. With darkness and chaos on the rise in every corner of the globe, we must feed the flame of liberty and broadcast it across the night, not shut it off.” ~ Ethan Yang