Articles
Rediscovering Frédéric Bastiat in an Age of Tariffs
In the main office building of the American Institute for Economic Research, three heroes of liberty look down upon our work. John Locke, FA Hayek, and Frédéric Bastiat continue to […]
Despite Tariffs, Inflation Remained Low in May
New data from the Bureau of Economic Analysis confirm that inflation remained low in May. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of […]
Trump v Powell: The Credibility Cost of Politicized Monetary Policy
The tension between President Donald Trump and Federal Reserve Chair Jerome Powell has reignited, following the Fed’s recent decision to hold interest rates steady. President Trump stated again that he […]
PBS and NPR: A Free Press Doesn’t Need a Government Budget Line
On May 1, 2025, President Donald Trump signed an executive order instructing the Corporation for Public Broadcasting (CPB) and all executive departments and agencies to cease federal funding for National […]
Central Bank Independence: More Heat than Light
President Donald Trump’s on-again, off-again feud with Federal Reserve Chairman Jerome Powell has market observers apprehensive. Economists, policymakers, businessmen, and commentators are worried about growing threats to the Fed’s independence. […]
Teachers’ Unions Think They Own Your Kids
The teachers unions, led by figures like Chicago Teachers Union (CTU) president Stacy Davis Gates, believe they own your children, and they’re not shy about admitting it. Their fierce resistance […]
Trump’s ‘Art of the Deal’ Politics Undermine America’s Future
In game theory, a “first-mover advantage” gives the opening player the power to set the rules of engagement. President Donald Trump built much of his political brand — and his […]
Is the GENIUS Act Creating a Shadow CBDC System?
In the increasingly complex debate surrounding central bank digital currencies (CBDCs), stablecoins, and the regulatory perimeter of the dollar system, few recent proposals are as quietly consequential as the GENIUS […]
SALT in the Wound: How Tax Deductions Reward Fiscal Irresponsibility
On May 22, Donald Trump celebrated the House’s passage of HR1 , proclaiming THE ONE, BIG, BEAUTIFUL BILL has PASSED the House of Representatives! This is arguably the most significant […]
Rethinking the Fed’s Framework: Lessons from the Post-Pandemic Inflation
The paper evaluates alternative frameworks and argues that the Fed should adopt either a nominal spending target or a symmetrical average inflation target.
