Daily economy news from the American Institute for Economic Research: data, stories, research, and articles touching on economics, politics, culture, education, policy, opinion, technology, markets, healthcare, regulation, trends, and much more.
“Frank Bruni has reached the phase in life where the young activists of his own team are alarming him with their crusading zeal and over-the-top methods.” ~Rachel Lu
“Reforming the administrative state and rewriting statutes and regulations is hard work, requiring careful policymaking, talented people, and consensus-building. It’s not the product of gimmicks like Schedule F and databases of inexperienced people.” ~Thomas A. Firey
“The road ahead remains uncertain, though, with potential outcomes ranging from a slow, steady economic rebalancing to sluggishness or even a recession.” ~Peter C. Earle
“Market-like responses to dissatisfaction with schools are heavily muted by subsidies. The Biden administration is working for wide cancellation of student debt, which would squelch even these limited market forces.” ~Neal McCluskey
“Why not give the central bank a wider berth, if it helps to stabilize the economy? Because it doesn’t actually help. Interest rates are a distraction.” ~Alexander W. Salter
“While not perfect by any means, the Magna Carta was the first example of a bloodless revolution in which the rule of law and rights in contracts lead to the advancement of civilization.” ~Will Sellers
“Compared to ballot voting, moving has larger individual impacts, which mean greater incentives to acquire knowledge; it provides a better signal to both the country you’re leaving and the one you’re joining.” ~Joakim Book
“The best defense of economic freedom rests not on statistics calculated yesterday, but rather the enduring knowledge of human nature at the heart of Western civilization.” ~Michael Lucchese
“The primary focus should be on enhancing economic freedom, as it is the key mechanism that enables individuals to elevate themselves out of poverty.” ~Vincent Geloso
“Imposing new costly regulations will not make housing more affordable — unleashing the housing supply by deregulating zoning and overly strict building codes will.” ~Louis Rouanet
“Stiglitz believes ‘education’ should be explicitly designed to attack property rights and to weaken the sense of American exceptionalism, the tradition of classical liberalism.” ~Michael Munger
” By returning to principles of fiscal responsibility and market-driven activity, America can navigate away from the fiscal abyss and toward a future of economic stability and prosperity.” ~Vance Ginn
“McKinsey allegedly tried to help Purdue tailor its sales efforts…. There’s nothing mysterious or nefarious about this. To do otherwise would be inefficient and wasteful.” ~ David R. Henderson and Charles L. Hooper
“Myths and hyperbole aside, the weakening US-Saudi relationship is one instance amid a growing trend of diminishing US influence in global currency markets and international finance.” ~Peter C. Earle
“What these stories all have in common is that these nations rose from poverty by embracing a common formula: more economic freedom and free trade… not international aid or central planning.” ~Jon Miltimore
“Freedom money, wielded by its users and resistant to capture, identification, and censorship, doesn’t dispel unfair laws or make evil rulers go away — but almost nothing else does that either.” ~Joakim Book
“Just about every economist knows publicly financed stadiums are boondoggles that, if anything, imperil cities’ financial positions.” ~Art Carden
“Just as the FOMC was slow to adjust policy when inflation surged in late 2021, it will be slow to adjust policy as inflation returns to and falls below its target in 2024.” ~William J Luther
“Frank Bruni has reached the phase in life where the young activists of his own team are alarming him with their crusading zeal and over-the-top methods.” ~Rachel Lu
“Reforming the administrative state and rewriting statutes and regulations is hard work, requiring careful policymaking, talented people, and consensus-building. It’s not the product of gimmicks like Schedule F and databases of inexperienced people.” ~Thomas A. Firey
“The road ahead remains uncertain, though, with potential outcomes ranging from a slow, steady economic rebalancing to sluggishness or even a recession.” ~Peter C. Earle
“Market-like responses to dissatisfaction with schools are heavily muted by subsidies. The Biden administration is working for wide cancellation of student debt, which would squelch even these limited market forces.” ~Neal McCluskey
“Why not give the central bank a wider berth, if it helps to stabilize the economy? Because it doesn’t actually help. Interest rates are a distraction.” ~Alexander W. Salter
“While not perfect by any means, the Magna Carta was the first example of a bloodless revolution in which the rule of law and rights in contracts lead to the advancement of civilization.” ~Will Sellers
“Compared to ballot voting, moving has larger individual impacts, which mean greater incentives to acquire knowledge; it provides a better signal to both the country you’re leaving and the one you’re joining.” ~Joakim Book
“The best defense of economic freedom rests not on statistics calculated yesterday, but rather the enduring knowledge of human nature at the heart of Western civilization.” ~Michael Lucchese
“The primary focus should be on enhancing economic freedom, as it is the key mechanism that enables individuals to elevate themselves out of poverty.” ~Vincent Geloso
“Imposing new costly regulations will not make housing more affordable — unleashing the housing supply by deregulating zoning and overly strict building codes will.” ~Louis Rouanet
“Stiglitz believes ‘education’ should be explicitly designed to attack property rights and to weaken the sense of American exceptionalism, the tradition of classical liberalism.” ~Michael Munger
” By returning to principles of fiscal responsibility and market-driven activity, America can navigate away from the fiscal abyss and toward a future of economic stability and prosperity.” ~Vance Ginn
“McKinsey allegedly tried to help Purdue tailor its sales efforts…. There’s nothing mysterious or nefarious about this. To do otherwise would be inefficient and wasteful.” ~ David R. Henderson and Charles L. Hooper
“Myths and hyperbole aside, the weakening US-Saudi relationship is one instance amid a growing trend of diminishing US influence in global currency markets and international finance.” ~Peter C. Earle
“What these stories all have in common is that these nations rose from poverty by embracing a common formula: more economic freedom and free trade… not international aid or central planning.” ~Jon Miltimore
“Freedom money, wielded by its users and resistant to capture, identification, and censorship, doesn’t dispel unfair laws or make evil rulers go away — but almost nothing else does that either.” ~Joakim Book
“Just about every economist knows publicly financed stadiums are boondoggles that, if anything, imperil cities’ financial positions.” ~Art Carden
“Just as the FOMC was slow to adjust policy when inflation surged in late 2021, it will be slow to adjust policy as inflation returns to and falls below its target in 2024.” ~William J Luther
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