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.

“No, Sarah, Our Prosperity Wasn’t Extracted from Slaves”

– October 2, 2022

“A key purpose of my intro econ course is to help my students understand how peaceful, commercial cooperation emerges to create and maintain our astonishing material prosperity.” ~ Donald J. Boudreaux

Frédéric Bastiat: The Jonathan Swift of Economics

– October 2, 2022

“Bastiat’s collection of essays is a worthy addition to the pantheon of immortal economic satire, rightfully taking its place alongside Swift’s own Modest Proposal.” ~ Caleb S. Fuller

Edunomics

– October 1, 2022

“Most public universities have become ancillary components of the federal government. This explains, in part, the complete takeover and increasing bureaucratization of the modern research university, public or private.” ~ Daniel Asia

‘Free-Market Environmentalism’ Is Working in Montana

– October 1, 2022

“This is free-market environmentalism at work, aligning incentives in such a way as to make conservation and wildlife tolerance a good business decision rather than a burden for local landowners.” ~ Dan Mahoney

Consumer Sentiment Remained Weak in September

– September 30, 2022

“Consumer sentiment was essentially unchanged in September and remains at recessionary levels. Inflation expectations fell to a 12-month low, but consumer uncertainty about the outlook remains elevated.” ~ Robert Hughes

To Defend Liberty, Cultivate Your Inner Freedom

– September 30, 2022

“Most will never appreciate liberty until it is lost. Do we value liberty? Are we willing to examine and shed faulty habits of mind? Until we do, as Montaigne put it, ‘No wind makes for him who has no destined port.'” ~ Barry Brownstein

“Climate-Smart” Agriculture Incentives — Not-So-Smart Results

– September 30, 2022

“Scientists can’t even measure the climate-efficacy of the program, yet everyone is agreeing to go along with it because it feels about right—especially, no doubt, within the departments that are getting bigger budgets and amongst the farmers they are paying to sustain a bucolic lifestyle.” ~ Paul Schwennesen

Smith to Entrepreneurs: Go Forth With Prudence

– September 30, 2022

“We find in Smith both condemnation of imprudent projectors and endorsement of prudent entrepreneurs. Although projectors occasionally turn a profit, it comes at the risk of squandering resources and missing out on more sober opportunities.” ~ Kacey Reeves West

Labor Market Remains Tight as Initial Claims Fall Again

– September 29, 2022

“Declining weekly initial claims suggest the labor market remains solid. However, persistently elevated rates of price increases and aggressive Fed tightening remain major risks for the economic outlook.” ~ Robert Hughes

Made to be Broken?

– September 29, 2022

“Understanding just how and when institutions matter requires an appreciation for imperfections in governance, the socially constructed nature of rules, and the unique knowledge and motivations of entrepreneurial actors.” ~ Caleb S. Fuller

Energy Crisis Explained: EU Mandates to “Flatten the Curve” (Video)

– September 29, 2022

“Europe and other Western nations are facing a very real energy crisis right now. In this video, Kate Wand explains the energy crisis in Europe and the collectivist nature of the West’s war on climate change.” ~ AIER

British Universities Show Why “More” Does Not Mean “Better”

– September 29, 2022

“With state subsidies and state-backed loans, students are not paying the true cost of their educations. The system lacks the discerning customers (students) needed to ensure that the suppliers (universities) deliver a quality product.” ~ Douglas Carswell

Is The Fed Trying To Inflate Away US Debt?

– September 28, 2022

“The ease with which the concept is expressed, as if debt were an ice cube left on a driveway on a summer day, betrays the numerous costs associated with such a scheme. And that holds whether the undertaking is intentional or not.” ~ Peter C. Earle

Interest Rates and Fed Tightening

– September 28, 2022

“While interest rates can sometimes be useful as a policy barometer, the various monetary measures (from the monetary base at narrowest to total nominal expenditures at broadest) matter far more.” ~ Alexander William Salter

If America Were Totalitarian, Where Would You Want to Live?

– September 28, 2022

“I ask my students, at the end of such discussions, how free is America, really, today? What is the direction toward which we seem to be continuing to head?” ~ Richard M. Ebeling

New Single-Family Home Sales Jump in August, but Headwinds Intensify

– September 27, 2022

“New-home sales bounced higher in August, but inventories rose again. Elevated prices and surging mortgage rates reduce affordability and are likely to weaken future demand.” ~ Robert Hughes

Consumer Confidence Rose Again in September, but Risks Remain

– September 27, 2022

“Consumer confidence improved in September, and inflation expectations eased slightly. An aggressive Fed tightening cycle, elevated price pressures, and the fallout from Russian aggression in Ukraine remain risks for the economic outlook.” ~ Robert Hughes

G.K. Chesterton on the Fundamentals of Liberalism

– September 27, 2022

“Chesterton’s liberalism holds that technocratic control of the economy is inherently wrong because it denies something fundamental in human nature: the responsibility to make moral choices of right and wrong.” ~ Daniel Betti