AIER

Our latest issue explores why economic misconceptions persist and the vigilance required to counter them.

AIER's dedication to classical liberalism drives us to address both long standing and unforeseen challenges to American values. This issue tackles emergent threats to freedom: wokism, growing Fed mandates, and ESG among others. As threats to liberty expand, our commitment to safeguarding fundamental American ideals does as well.

The intellectual progeny of the New Deal continue to surface in American economic and political discourse: the Fair Deal, the New Frontier, the Great Society, the Freedom Agenda, Build Back Better, and others. But just as upon our 1933 inception we fiercely opposed their progenitor, ninety years later AIER remains every bit in the fight.

"Magness and Holton recently debated the resolution: 'The New York Times book The 1619 Project, and the Hulu video series based on it, are important contributions to our understanding of slavery and the role of African Americans in American history.'" ~ AIER

Bad and disproven economic ideas have an uncanny longevity. While knowledge tends to be cumulative in most intellectual fields, the accumulation of knowledge in economics and finance seems to follow a more cyclical pattern. In this edition of the Harwood Economic Review we examine some recent examples of those, and discuss why ideas akin to spontaneous generation or phlogiston theory are periodically reinvigorated and applied in policy measures.

"John Ioannidis has fearlessly defended good science for decades. He has shown firmness, integrity, and intellectual courage against powerful false narratives, and AIER is proud to honor one of the top free thinkers of our time." ~ AIER

As inflation rises, the range of future outcomes broadens. Consumers rebalance budgets as price changes occur. Producers must now estimate not only the price their goods and services will fetch in the future, but future costs of production. Unsound money heightens uncertainty. We are at the cusp of change: but to, or toward, what?

One year ago, in the Summer 2021 issue of the Harwood Economic Review, we asked: “Is Inflation Back?” The answer is now clear. Inflation is back – and at 40 year highs. After years of easy money, it is time to face the music.

"As part of his new role as Distinguished Fellow in Political Economy and a Senior Research Faculty member, Dr. Gregg will be expanding AIER’s research initiatives in both scholarly and popular venues." ~ AIER

"This year, Ludwig von Mises' Socialism turns 100 years old. Pandemic policies went beyond ordinary collectivism in utterly suppressing rather than seizing industries. We now face costly delays, shortages, and rising prices; this is what Mises’ 'groping in the dark' looks like." ~ Peter C. Earle