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The movement to raise the national minimum wage to $15 an hour has suffered a blow with a new National Bureau of Economic Research working paper evaluating the recent experience in Seattle, Wash. The paper by Ekaterina Jardim and four other University …
READ MOREBorrowing for education has more than doubled in the last 20 years, from $42.6 billion for the 1995–96 school year to $106.8 billion in 2015–16, although that figure has fallen from the $124.2 billion peak in 2010–11 (all reported values in 2015 dollar …
READ MOREPresident Trump has begun to flesh out his promise to rebuild America’s infrastructure. His planned “massive investment … will be matched by significant private, state, and local dollars,” Trump said on June 8. The administration has also pledged to of …
READ MOREBusiness decisions should be made in the marketplace, not in the halls of government.
READ MORELess than two weeks after being unmasked as Washington’s biggest producer of regulations, the U.S. Department of the Treasury issued a report calling for lessening regulation. If that’s not surprising enough, consider that the businessman-president and …
READ MOREThe Federal Register, the Bible of the U.S. regulatory state, grew by 15,634 pages in a single year — 2016 — showing the depth of costly rules flooding American commerce. In battling the regulatory state, cutting limbs off the octopus is the thing the …
READ MOREThe AIER Business-Cycle Conditions Leaders index fell slightly to 79 in May, the first decline since July 2016. The Coinciders index remained at a perfect 100 for a third month, while the Laggers index held at 75 for the second month. All three indexes …
READ MOREAdam Smith wisely pointed out what should have already been obvious: “Consumption is the sole end and purpose of all production.” Regrettably, many have not learned this truth. Observe: Republican House Speaker Paul Ryan and Ways and Means Chairman Kev …
READ MOREThe Panic of 1907, 110 years ago, was used to justify the creation of the Federal Reserve. From an economic perspective, the justification was a weak reed.
READ MOREAIER’s monthly Everyday Price Index was unchanged in May because a decline in gasoline prices offset increases in food prices. The EPI measures price changes that people see in everyday purchases such as groceries, gasoline, utilities, and personal-car …
READ MORENo free-enterprise economy worth its name should tolerate government planning of energy, the master resource.
READ MORE“Black Swan” author Nassim Nicholas Taleb is forecasting a coming “libertarian’s dream” as the grip of the ruling classes weakens. In a May 19 interview on the podcast Ron Paul Liberty Report, Taleb said he is pessimistic about financial markets but no …
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