Economic Education
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Infrastructure Bill as Political Plunder and Social Engineering
“Joe Biden and the Congressional Democrats and Republicans consider it their political business to impose infrastructure spending and construction on the rest of us. So, not surprisingly, a bipartisan infrastructure bill is working its way through Congress with just such a $1 trillion price tag.” ~ Richard M. Ebeling
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Rich Man, Poor Man: Comparing the Value of a Dollar to Each
“As is so often true in economics, being attuned to more than what is immediately obvious yields insights very different from those that arise from looking only at what is immediately obvious.” ~ Donald J. Boudreaux
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Economics of Liberty
“Freedom Fest 2021 was fun and instructive. Liberty lovers can discuss important policy matters face-to-face to great effect but some need to delve a bit deeper into the economic theories discussed at places like AIER if they really want to improve the world.” ~ Robert E. Wright
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Bringing Money Under the Rule of Law
“The problem, of course, is that the Fed has always been under constant political pressure, but even when it is acting independently, its adventurism can and has ended poorly. To combat this, the authors argue that the Fed should be bound by explicit rules that constrain it from exercising broad discretion.” ~ Ethan Yang
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What’s in a Name? Quite a Lot, Actually
“After studying economics, I started to understand what brand names do. Social phenomena persist because they solve problems, and brand names solve significant information problems. I think critics of brand names and marketing would do well to give consumers the benefit of the doubt.” ~ Art Carden
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A Conversation on Keynes, Morality, and the Economy
“On this episode of the Authors Corner, Ethan sits down with AIER Visiting Fellow, Dr. Victor Claar to speak about his recent research and publications on the ideas of John Maynard Keynes and their long-term impact on how we view economics from a moral perspective.” ~ AIER
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Is Our Current Inflation Temporary? Look at the Numbers
“John Williams, the New York Fed President, is expecting 3% inflation this year. I’m expecting inflation in 2021 to be above 5%. In six months, we’ll be able to look at the actual numbers and see whose estimate was closer.” ~ Randall G. Holcombe
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$9 Reading Glasses, $16 Sunscreen, and the Genius of Economic Growth
“‘Green’ is generally expensive. That’s ok, but we generally will only swallow big expenses like $16 sunscreen if we feel we have the means to swallow these expenses. In short, ‘green’ living and energy are most likely to thrive in a real market if and when Americans have the means to pay more for what’s…
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The Invisible Hand Relies Upon Visible Prices
“Prices are among the visible results of the invisible hand’s successful operation, as well as the single most important source of this success. The market’s invisible hand, in short, alone makes possible – yet equally depends upon – visible market prices.” ~ Donald J. Boudreaux
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Prices Have Work To Do, Even in Pandemics
“It has been the government’s failure to not let market prices work at all and instead address the pandemic with command-and-control policies that have created shortages, thwarted innovation, and distributed vaccines based not on what will most internalize the spillover benefits of vaccination but based on political considerations about who should enjoy the private benefits…
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Infrastructure Bill as Political Plunder and Social Engineering
“Joe Biden and the Congressional Democrats and Republicans consider it their political business to impose infrastructure spending and construction on the rest of us. So, not surprisingly, a bipartisan infrastructure bill is working its way through Congress with just such a $1 trillion price tag.” ~ Richard M. Ebeling
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•
Rich Man, Poor Man: Comparing the Value of a Dollar to Each
“As is so often true in economics, being attuned to more than what is immediately obvious yields insights very different from those that arise from looking only at what is immediately obvious.” ~ Donald J. Boudreaux
-
•
Economics of Liberty
“Freedom Fest 2021 was fun and instructive. Liberty lovers can discuss important policy matters face-to-face to great effect but some need to delve a bit deeper into the economic theories discussed at places like AIER if they really want to improve the world.” ~ Robert E. Wright
-
•
Bringing Money Under the Rule of Law
“The problem, of course, is that the Fed has always been under constant political pressure, but even when it is acting independently, its adventurism can and has ended poorly. To combat this, the authors argue that the Fed should be bound by explicit rules that constrain it from exercising broad discretion.” ~ Ethan Yang
-
•
What’s in a Name? Quite a Lot, Actually
“After studying economics, I started to understand what brand names do. Social phenomena persist because they solve problems, and brand names solve significant information problems. I think critics of brand names and marketing would do well to give consumers the benefit of the doubt.” ~ Art Carden
-
•
A Conversation on Keynes, Morality, and the Economy
“On this episode of the Authors Corner, Ethan sits down with AIER Visiting Fellow, Dr. Victor Claar to speak about his recent research and publications on the ideas of John Maynard Keynes and their long-term impact on how we view economics from a moral perspective.” ~ AIER
-
•
Is Our Current Inflation Temporary? Look at the Numbers
“John Williams, the New York Fed President, is expecting 3% inflation this year. I’m expecting inflation in 2021 to be above 5%. In six months, we’ll be able to look at the actual numbers and see whose estimate was closer.” ~ Randall G. Holcombe
-
•
$9 Reading Glasses, $16 Sunscreen, and the Genius of Economic Growth
“‘Green’ is generally expensive. That’s ok, but we generally will only swallow big expenses like $16 sunscreen if we feel we have the means to swallow these expenses. In short, ‘green’ living and energy are most likely to thrive in a real market if and when Americans have the means to pay more for what’s…
-
•
The Invisible Hand Relies Upon Visible Prices
“Prices are among the visible results of the invisible hand’s successful operation, as well as the single most important source of this success. The market’s invisible hand, in short, alone makes possible – yet equally depends upon – visible market prices.” ~ Donald J. Boudreaux
-
•
Prices Have Work To Do, Even in Pandemics
“It has been the government’s failure to not let market prices work at all and instead address the pandemic with command-and-control policies that have created shortages, thwarted innovation, and distributed vaccines based not on what will most internalize the spillover benefits of vaccination but based on political considerations about who should enjoy the private benefits…