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.

Supply Chains and the Shortage Economy

– November 28, 2021

“Government control over supply chains would help make shortages permanent. Supply chains are too complex for anyone, including the managers of companies like Apple and Nike, to understand.” ~ Daniel Sutter

Americans Don’t Hate Work, They Hate the Workplace

– November 27, 2021

“We can build alternative institutions and parallel economies that create opportunities for hard-working Americans who won’t be pushed around.” ~ Austin Stone

Doubling Down on Foolishness

– November 27, 2021

“Plans to continue down that path at a far more rapid rate, as the Biden administration proposes, are doubling down on foolishness, yet may well occur unless Americans recognize them for what they are.” ~ Gary M. Galles

The Biden Crackdown on Thought Crimes

– November 26, 2021

“Extremism has always been a flag of political convenience, and the Biden team, the FBI, and their media allies will fan fears to sanctify new government crackdowns. But what if government is the most dangerous extremist of them all?” ~ James Bovard

A Different Perspective: How Threat-Free Are Americans from Covid-19?

– November 26, 2021

“It’s a risk decidedly lower than what people have been made to believe. This belief, unhealthy in and of itself, has given way to tolerating dangerous government edicts while forestalling a grounded approach to individual risk assessment and management.” ~ Jon Sanders

Getting Real About Taxes

– November 26, 2021

“It is high time that the federal government recognizes the creepy tax effects of inflation and gets real about taxes. It should forget about taxing unrealized capital gains, compensate victims of its inflationary policies, and begin to inflation-index everything.” ~ Robert E. Wright

How Hayek Can Transform Our Ingratitude into Gratitude

– November 25, 2021

“Understanding Hayek transforms our thinking into a rich appreciation of how individuals cooperate and bring forth the miracles of the modern economy. With the opening of eyes long closed, our ingratitude becomes gratitude.” ~ Barry Brownstein

The Gospel of a 99% Consensus

– November 25, 2021

“It is not surprising to see an array of messiahs come up with genocidal plans to banish all evil, that is, reliable energy — the blood of modern, long, and prosperous life — in the name of the revealed ‘truth.'” ~ Robertas Bakula

A Series of Miracles

– November 25, 2021

“Take a cue from Lincoln and appreciate the blessings that we do enjoy rather than pining for things we don’t. Take a cue from the best America has produced and say a prayer of thanks. Happy Thanksgiving.” ~ James R. Harrigan

Corporate Profits Hit a Record High in the Third Quarter

– November 24, 2021

“Corporate profits hit a record high despite a tight labor market and rising input costs. Companies may be not only passing along higher costs to consumers, but also taking advantage of consumers’ willingness to pay higher prices and boosting profit margins.” ~ Robert Hughes

New Single-Family Home Sales Remain Brisk but Inventories Rise as Prices Continue to Surge

– November 24, 2021

“New-home sales rose in October, but inventory rose faster, boosting months’ supply. Rising prices, higher mortgage rates, and continued inventory build should lead to slower price increases.” ~ Robert Hughes

The Fire and the Dream

– November 24, 2021

“The Fire Is Upon Us goes deeply into Buckley’s and Baldwin’s longstanding positions on civil rights and race, thus acquainting us better with the full dimensions of the issue—probably the most consequential one of the whole brimming decade.” ~ David B. Frisk

Core Capital-Goods Orders Rise in October, to Another New Record High

– November 24, 2021

“New orders for core capital goods rose again, hitting another record high. Continued strength for business investment is a positive sign for the economic outlook.” ~ Robert Hughes

Hugh Hefner and William F. Buckley Jr.: Two Very Different Legacies

– November 24, 2021

“Young people intent on changing the world can take solace—and find some instruction—in the stories of two men who were still in their twenties when they made their names in the mid-twentieth century.” ~ James R. Harrigan

Weekly Initial Claims for Unemployment Benefits Drop to the Lowest Level Since 1969

– November 24, 2021

“Weekly initial claims for unemployment benefits fell to a multidecade low, though seasonal adjustment difficulties may have played a role. Regardless, the labor market remains very tight.” ~ Robert Hughes

Who Was Buckley?

– November 24, 2021

“For the many nostalgic conservatives with strong emotional investments in Buckley, the fading of familiarity with him among his countrymen hurts a little, and should.” ~ David B. Frisk

The Recovery of Liberty

– November 23, 2021

“The attack on liberty is unrelenting. To get attackers to relent, it helps to clarify what we mean by liberty. We are then in a better position to awaken them to the damage they do.” ~ Daniel B. Klein

What’s Wrong with “Neoliberal Economics”?

– November 23, 2021

“In practice, ‘neoliberal’ economics often results in a cycle of ‘stimulus’ (Keynesian-type deficit spending) followed soon afterwards by “austerity” (higher taxes). The weaker economy that results pushes governments back toward a cycle of ‘stimulus.'” ~ Nathan Lewis