• What, Exactly, Are Negative Externalities?

    Economics textbooks feature a coherent theory of how markets can allocate scarce resources in ways that achieve what is plausibly described as maximum possible human satisfaction.

  • The Uncertain Future of the American Tax Code

    With some provisions of the 2017 tax cuts set to expire in 2025, legislators are scrambling to make sure their preferred cuts are getting an extension. Add to that Donald […]

  • AIER’s Everyday Price Index Spikes Sharply in January 2025

    Price stability remains illusive, and the road to two percent will not be smooth. Financial markets may need to adjust their expectations accordingly.