Inflation and Consumer Welfare: Don’t Forget the Supply Side!

"Let’s keep our eye on the supply side. We should be making every effort, policy-wise, to ease restrictions on production and exchange. That will help both in the short run… Read more

Marijuana Legalization: Corporate America Now Leading the Way

"Although government plays a role in confronting abuse, civil institutions have an even more important role in creating informal rules for drug use. We increasingly see this process at work,… Read more

Money and the Constitution

"The dubious constitutionality of the Federal Reserve System set up in 1912 might have been overlooked if it had provided price stability, lower unemployment, or enhanced economic growth." ~ Robert… Read more

Time for Washington to Stop Sanctioning the World: US Arrogance Leaves Trail of Innocent Victims Behind

"America’s sanctions policy is both costly and cruel, with the gains rarely worth the resulting human harm. The Biden administration should review current policy and sharply limit the use of… Read more

Five College Campus Myths

"Many college students and young people are remarkably receptive to economic theory, but lack the experience with mainstream economic education and research to come to sound economic conclusions on their… Read more

Groceries Feed Gains in the Everyday Price Index in September

“AIER’s Everyday Price Index posted its tenth consecutive increase in September led by groceries. Prices of many goods and services continue to be distorted by the lingering effects of the… Read more

Assessing Market Expectations of Inflation

"Those denying any risk that inflation will remain above target or confidently predicting that 4 percent inflation will be the new normal, are not within the range of reasonable. They… Read more

Capital Accumulation and the Reconciliation Package

"Misguided tax hikes on businesses and individuals that discourage saving and diminish funds for private investment must be avoided. Neglecting this legislation’s adverse impact on capital accumulation means robbing future… Read more

Is Larry Summers Channeling Benjamin Anderson?

"The post-2008 framework has incentivized the destabilization of monetary policy. The sooner we recognize this fact, the sooner we can seriously discuss a solution to the problem." ~ James L.… Read more

Job Openings Fell in August but Remain Extremely High

“Job openings fell back slightly from a record high but quits remain elevated as workers take advantage of favorable labor conditions. Overall, the outlook is for continued recovery but the… Read more