Topic: Crisis

Prices Rose Even Faster In June

– August 6, 2022

“Inflation has been too high for too long. Bringing inflation back down should be the Federal Reserve’s top priority.” ~ William J. Luther

Crisis, Government, Regulation

Compassion Compromised by Contradictions

– August 5, 2022

“Advocates for minimum wages and rent controls justify both as compassionate. But they ignore both logic and the far from compassionate violations of employers’ and landlords’ property rights imposed.” ~ Gary M. Galles

Crisis, Government, Regulation

It Doesn’t Get Much Worse Than ‘Build Back Better’

– August 5, 2022

“Americans should be alarmed. The bill has the potential to handcuff innovation in one of the most critical and successful sectors of the American economy.” ~ Peter J. Pitts

Crisis, Free Markets, Government, Regulation

The Lottery Life: Creating Lucky Housing Winners at the Expense of Everyone Else

– August 5, 2022

“Inexpensive new housing can be built again if only the government will get out of the way. End the ‘Lottery Life’ in housing and watch market entrepreneurs do the rest.” ~ Raymond C. Niles

Crisis, Government, Technology, Video

Facebook Fact-Checks Recession Analysis | Phillip Magness on Fox News (Video)

– August 5, 2022

“Phillip Magness, Research and Education Director at AIER, discusses the censorship tactics enacted against him after he shared a post regarding the White House’s attempts to redefine ‘recession.'” ~ AIER

Authoritarianism, Crisis, Government, Video

Redefining Recession: The White House Goes Orwellian (Video)

– August 4, 2022

“Kate Wand, host of AIER’s Liberty Curious podcast, explores the implications of redefining the meaning of words in a post-truth society, using Magness’ essay on the White House attempt at redefining the term recession.” ~ AIER

Crisis, Economic Theory, Government, Inflation

Proposing a Hank Williams Jr. Economic Misery Index

– August 3, 2022

“Another problem is that the misery indices, like definitions of recession and stagflation, focus on unemployment to the exclusion of real wages. But real wage declines are painful, and not fully captured by inflation alone.” ~ Robert E. Wright

Crisis, Education, Media

Fit to Print? UNC’s Settlement with Nikole Hannah-Jones is Bad News

– August 3, 2022

“It turns out the $75,000 wasn’t quite enough. As part of her settlement, she somehow managed to secure a bunch of Diversity, Equity, and Inclusion (DEI) sinecures for 20 university administrators.” ~ Phillip W. Magness & James R. Harrigan

Crisis, Government, Inflation, Monetary Policy

The Corrective Contraction

– August 2, 2022

“This mild recession will soon pass. Lower growth due to a higher trend inflation rate can persist forever—and will if the Fed fails to do its job.” ~ William J. Luther

Crisis, Government, Healthcare

Price Controls Hurt Patients, Risk Future Innovation

– August 2, 2022

“If price controls are put in place on new medications, research and development funds will dry up, manufacturers will cease creating new medications, and the hopes of patients seeking new treatments and cures will not exist.” ~ Courtney Quinn

Crisis, Government, History, Inflation

Biden Borrows the Nixon Playbook on Recessions

– August 1, 2022

“The White House’s definitional wordsmithing could not overcome the onset of worsening economic realities in 1974, and its frequent appeals to the NBER determination could not run down the clock against a prolonged recession.” ~ Phillip W. Magness

Crisis, Fiscal Policy, Government

A Way Out

– August 1, 2022

“What’s remarkable is that a plan that makes retirees better off, makes the government better off, and shuts down Social Security without cutting benefits to existing retirees or raising payroll taxes on existing workers would be possible at all.” ~ Antony Davies