The Housing Market Does Not Need Stimulus from the FHA

– March 2, 2017

At the height of the housing bubble in 2005, both existing and new home sales reached all-time highs—7 million for existing home sales for the year and nearly 1.4 million for new home sales. To put the housing bubble in perspective, new home sales increased three-fold from their low in 1991 to their high in 2005. Home prices as measured by the Standard & Poor’s Case-Shiller Home Price Index rose more that 200 percent between the mid-1990s and the height of the housing bubble.


Venezuela: Socialism, Hyperinflation, and Economic Collapse

– March 1, 2017

The socialist Bolivarian Revolution in Venezuela led by its late president, Hugo Chávez, appears to have failed. The Venezuelan economy has collapsed and hyperinflation has destroyed the country’s currency. The economy contracted over 10 percent in 201 …


Federal Spending Varies Little Per Person, but Some States Depend on it More

– February 27, 2017

How does federal money get distributed to the states, and where does it go? This is a question that has been looked at recently by Ryan McMaken on the  Mises Wire blog, by Tax Foundation and  Pew Charitable Trusts studies, and by an analysis …


Innovation’s Double Sword: Four Case Studies

– February 24, 2017

Over the past year, I’ve had the opportunity to supervise four college students from local colleges who interned at AIER. Under my supervision, each of them identified, analyzed, and reported on a key innovation in a specific industry. Innovation is a …


Immigration Restrictions Harm Our Economy

– February 22, 2017

In an article published in AIER’s January 1996 Research Report, Thomas Lehman wrote, “The present immigration policy of the United States amounts to nothing less than a tariff or barrier to entry on the commodity of labor, and harms American consumers …


Money, Inflation, and Rising Prices: What Are the Risks for the Short-term Outlook?

– February 21, 2017

Col. E.C. Harwood, AIER’s founder, was a staunch defender of the gold standard and a harsh critic of fiat money, or money that the government declares is legal tender. He understood the dangers of allowing monetary authorities unbridled influence over …


Blockchain: Innovating Our Way to Economic Freedom?

– February 8, 2017

Those who dream of a world with greater economic freedom have traditionally relied on the pen, the ballot box, and sometimes the sword to effect change. But a relatively new technology called blockchain may make the computer a potent tool to achieve greater liberty.


Fighting Protectionism Once Again

– February 3, 2017

“When adversely affected minorities are politically powerful, governments often intervene with special-privilege legislation to insulate the “injured” parties from the effects of international cooperation or to give them special advantages in the inter …


Higher Wages and Low Inflation Keep Cost of Living from Rising

– January 30, 2017

Americans’ cost of living fell relative to their earnings on average in 2016. Even though inflation ticked slightly upward, average wages grew faster. The Consumer Price Index, which measures price changes in goods and services, rose 1.7 percent. That was still low in historical terms but the second highest annual increase in the past five years. But the 2.9 percent increase in average wages was the largest wage gain over that five-year period. 


Why Can’t Americans Save?

– December 27, 2016

Financial wellness has become a popular topic with policymakers, human resources departments, and the financial media. The concept is simple: Just as with physical health, financial wellness assesses your ability to support yourself into old age. 


Best College Destinations Offer Diversity, Access, and City Lifestyles

– December 1, 2016

Quality of life and demographics, rather than the economic climate, play a stronger role in the top rankings for metro areas in this year’s AIER College Destinations Index. This is particularly true for metro areas with a population of 1 million or more. In contrast, economic climate plays a more important role in our rankings for metro areas with populations under 1 million.


Employment and Growth: The Emergence of a New Normal

– November 10, 2016

Economists, politicians, and the media often talk about the economy as if it is a single unit and all aspects of it move in the same way. But the economy includes many different parts. For economists, “the economy” stands for economic output, typically measured by gross domestic product, or GDP. But for most other people, the critical consideration in the economy is not GDP, but jobs and incomes.