Daily Economy News

Thursday, January 4th, 2018

What has gone completely missing here is a burning philosophical and ideological dispute between two wings of Trumpism. One seethes with right-wing Hegelian longings for an overthrow of the modern world and a resuscitation of tribalist nationalism (in short, fascism). The other is quasi-liberal at its best, seeking mostly to get government off our backs and unleash merchant-driven enterprise and economic recovery.

Thursday, December 21st, 2017

Privatization of small airports and allowing low-cost foreign carriers to enter could mean lower prices and more availability during the holidays.

Wednesday, December 13th, 2017

Reforming taxes to reduce, or even control, the budget deficit is like a cat trying to catch its own tail. Deficit reduction will require major, structural spending reform, an item that is notably absent from the GOP legislative agenda.

Thursday, December 7th, 2017

Recent indicators for the labor market from ADP, Challenger, Gray, and Christmas, and state unemployment insurance programs remain quite strong, suggesting continuing gains in jobs in the U.S. economy.

Wednesday, December 6th, 2017

The GOP plan pursues tax revenue on par with growth. The crafters of the reform have even put tax revenue above growth when the two goals conflict.

Monday, December 4th, 2017

Auto sales eased back to 17.5 million in November, the second monthly slowing following a hurricane-related surge to 18.6 million in September. Despite the slowing over the latest two months, auto sales remain at a high level by historical comparison.

Monday, December 4th, 2017

We should not delude ourselves with notions that our small enclaves of devotees of this or that new technological miracle will make us invulnerable to government coercion. They will not. 

Friday, December 1st, 2017

These taxes appear to be imposed on purely digital providers, whether they have any nexus or receive any public services in the state or not, simply to replace the tax revenue lost from traditional, brick-and-mortar storefronts.

Tuesday, November 28th, 2017

The bill creates a new federal statistical agency: the National Secure Data Service (NSDS). Why? The answer is simple: not-yet-created entitlement programs for which we qualify based on our incomes.

Thursday, November 23rd, 2017

Scarce parking is a sign that prices need to rise or more parking needs to be created, since the laws of supply and demand apply to parking too.

Wednesday, November 22nd, 2017

Perhaps the ideological conversation needs to take a new route, one that cuts between the equally unrepentant libertarian and egalitarian camps, and maybe this third route can share the same goal as the libertarian camp.

Thursday, November 16th, 2017

There’s an economic lesson we can learn from how pop superstar Taylor Swift sells her music: she hypes it up, then makes it scarce.

Wednesday, November 15th, 2017

Our founder, Col. E.C. Harwood, would be proud of AIER for promoting Jon Dewey's learning-by-doing approach and disseminating this work around the world through contributing to a new book.

Tuesday, November 14th, 2017

The American welfare state is three reforms away from becoming a Scandinavian welfare state: universal child care, paid family leave, and single-payer medical care.

Monday, November 13th, 2017

Aligning the goals of transit users and transit funders requires costly political changes that come with their own problems, but agencies must address their funding deficiencies if they hope for a future beyond rusty rails, crumbling concrete, and broken-down buses.

Friday, November 10th, 2017

The underlying problems that are overlooked in this discussion are the burdensome tax policies and profligate spending programs already present in many states.

Wednesday, November 8th, 2017

When Arthur Laffer drew this famous picture on a napkin to Donald Rumsfeld and Dick Cheney during a lunch in 1974, the reaction was ecstatic: that’s exactly what they needed, some justification for doing what politicians are best at doing anyway: giving away the goodies that don’t cost anything. The best of both worlds!

Tuesday, November 7th, 2017

In keeping with Harwood’s practice of teaching the new generation of students to conduct high-quality applied economic research, AIER is setting a national example in establishing collaborative partnerships between universities and practitioners.

Tuesday, November 7th, 2017

Housing supply has simply not been able to keep up with the unprecedented demand for housing in large urban centers. Sadly, most policymakers and pundits overlook this elephant in the room.

Monday, November 6th, 2017

A hidden, extra 45.6 percent tax bracket, is tucked away inside the GOP plan. They are more concerned with recovering “lost” revenue than with stimulating economic growth. The great Art Laffer’s influence over Republican tax policy has definitively come to an end.