“While immigration isn’t necessary for U.S. growth so long as the American people are free to exchange with the rest of the world, the rest of the world’s inhabitants would likely be more productive if they worked in the U.S. In short, prosperity made great by work divided globally would be quite a bit greater if more of the work was divided up by those people in the United States. That’s really something to think about.” ~ John Tamny
READ MORE“Outside of a major war, it is hard to recall a time when government policies have so seriously roiled business practices, economic structures, and personal lives as much as lockdowns have, not only in the US but all over the world. The consequences will be felt for many years in the future.” ~ Jeffrey Tucker
READ MORE“Perhaps Greta’s message for politicians to listen to the scientists and take real action has hit home. In one sense, they are already well on the way to following her advice. They read chapter 10 of IPCC’s AR5 report, where they learned that climate change is important – but that other socioeconomic developments matter much more.” ~ Joakim Book
READ MOREThe existence of such insurance would help to quell fears by allowing underinsured households the opportunity to protect their incomes.
READ MOREA recurrent complaint leveled at economists is that income per capita is not a good measure of welfare. In its most refined forms, the complaint is that gross domestic product (GDP) per capita is a poor indicator of well-being. This is why there have b …
READ MOREIn his 2018 book Stubborn Attachments, Tyler Cowen defends a thesis that is likely to be as unpopular as it is misunderstood: over the long run, differences in growth rates swamp just about everything. Therefore, increased economic growth is a moral im …
READ MOREThankfully, capitalism is not wrecking the planet. At least that’s the message in a brand-new book with the stunning title More From Less by Andrew McAfee
READ MOREThe post-Halloween candy market is a commercial society of traders buying low and selling high, and it’s a microcosm of what happens when market exchange works well.
READ MOREThe tree cover of the planet is increasing, thanks mostly to increased efficiencies in food production.
READ MOREThe Trump administration needs to give the economy a dose of the right kind of nothing, relax the trade war antics and stop bashing trade partners, lay off the Fed, and by doing so will give real GDP growth a positive nudge.
READ MORELook back 150 years (from the end of the Civil War), ignore whatever party or president was dominant, and try to discern a relationship between the size, scope and power of the U.S. federal government and America’s economic growth rate.
READ MOREEdward Stringham on Fox News comments on the growth rates of the American economy and the factors that go into causing it.
READ MORE250 Division Street | PO Box 1000
Great Barrington, MA 01230-1000
Press and other media outlets contact
888-528-1216
press@aier.org
This work is licensed under a
Creative Commons Attribution 4.0 International License,
except where copyright is otherwise reserved.
© 2021 American Institute for Economic Research
Privacy Policy
AIER is a 501(c)(3) Nonprofit
registered in the US under EIN: 04-2121305
Sponsor the work of leading economists and academics as they advance the study of the economic principles that underwrite human prosperity and progress via AIER.org.