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While there is no substitute for free markets to truly contain health care costs, many factors complicate the debate.
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When Cubans flee their homeland, they say adiós to an island of lies. One such exile, with meticulous attention to academic rigor, has devoted his life to raising awareness regarding the plight of his fellow countrymen under the totalitarian communist regime.
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The law of unintended consequences will eventually rear its ugly head, and younger people will opt out of redistributive insurance schemes. Their exit creates a death spiral of sorts, where premiums will eventually sky rocket for the elderly and those who remain.
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Those cranks and crackpots are now at the commanding heights of academia, preaching the same old Gospel of destructionism and irrationalism, dressed up as “modern macroeconomics.”
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AIER is going to the Council for Economic Education’s annual conference in New York to share with the national audience of teachers, curriculum developers, administrators, and researchers our approach of infusing economics into various fields of study.
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Marco Navarro-Génie identifies many adverse effects from imposing both minimum and maximum prices on gasoline — including rent seeking and industry protectionism — not that it made sense to begin with.
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The key to true immigration reform is a streamlined immigration process that allows immigrants and employers to freely interact in the marketplace, while incentivizing assimilation and social harmony among new arrivals to the United States.
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RIP to the 2017 AIER C. Lowell Harriss Fellowship winner, Ion Sterpan. He was a bright young man who was making important contributions to the study of private governance.
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One of the unique features of AIER’s Teach-the-Teachers program is the opportunity for teachers to field test the lesson idea, developed at the workshop, in their classroom. The Fall semester is the time for a field test, so we are excited to learn how many teachers are planning to implement their lesson idea.
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Paid family leave, President Trump’s new entitlement proposal, seems like an inconspicuous idea on the surface, but it is an enormous fiscal gamble: once the program is up and running, it could easily add hundreds of billions of dollars to the federal budget.
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When disasters strike, the demand for certified contractors spikes locally, while other regions are spared. Prices on construction and renovation increase, which should draw workers from untouched areas to the state to speed the rebuilding process.
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Certificate-of-need laws place the burden of proof on new competitors and force them to justify why they should be able to serve consumers. Often the entrants even need approval from established providers, who are unlikely to want increased supply and downward pressure on prices.
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