Daily Economy
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AIER’s Everyday Price Index Ends 2023 with Third Consecutive Monthly Decline
“The recent reduction in disinflationary pressures related to core goods, which had been a significant factor in easing price pressures in recent months, seems to have diminished.” ~Peter C. Earle
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A Short Guide to ESG: Philosophical Problems
“At the end of the day, much of the Environmental, Social, and Governance movement rests on a pretense of knowledge. What’s worse, it puts the interest of the ‘collective’ over the wellbeing of individuals.” ~Paul Mueller
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Review: Milton Friedman: The Last Conservative
“Friedman wasn’t a contrarian, but a firm believer in following the facts wherever they led. This ‘positive economics’ approach would underpin his later contributions for which he was most known.” ~Michael N. Peterson
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Please Stop Helping Me! A Homeless Economist Faces Unintended Consequences
“Any decent student in a micro-principles class can tell you that interventions have unintended consequences. Here are some of the ‘protections’ from which I am suffering.” ~Nikolai Wenzel
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Inflation Hit Some States Harder
“States with better regulatory policies enjoy a lower cost of living and attract workers and investment. The most important regulatory policy is the freedom to build, that is, a lack of burdensome zoning regulations that make housing scarce and costly.” ~Jason Sorens
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Remembering James Gwartney, 1940-2024
Gwartney will be remembered as a master economic educator and founder of the Economic Freedom of the World (EFW) index, which is published by Canada’s Fraser Institute.
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22 States Raised the Minimum Wage: What Does This Mean for Low-Skilled Workers?
“Governments inadvertently eliminate many of these essential entry-level jobs by advocating for higher minimum wages. This lost first rung has profound consequences, especially for vulnerable groups.” ~Vance Ginn
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Business Conditions Monthly November 2023
“In light of expectations of falling demand and the increased vulnerability of the US economy to geopolitical shocks, our prediction of a US recession by September 2024 stands.” ~Peter C. Earle
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The Cheap Populism of Bashing CEO Pay
“The time needed to accumulate skills and experience is considerable and few people want to have the downsides of being a CEO. Demand for such skill is increasing faster than supply, which results in growing CEO pay. It’s basic economics.” ~Vincent Geloso
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Are CEOs overpaid?
“Behavioral economics contributes the insight that different kinds of compensation incentivize, reward, and support different kinds of behavior, so a range of justifications for executive compensation may come into play and need to be considered by directors and the compensation committee.” ~Robert Mulligan
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•
AIER’s Everyday Price Index Ends 2023 with Third Consecutive Monthly Decline
“The recent reduction in disinflationary pressures related to core goods, which had been a significant factor in easing price pressures in recent months, seems to have diminished.” ~Peter C. Earle
-
•
A Short Guide to ESG: Philosophical Problems
“At the end of the day, much of the Environmental, Social, and Governance movement rests on a pretense of knowledge. What’s worse, it puts the interest of the ‘collective’ over the wellbeing of individuals.” ~Paul Mueller
-
•
Review: Milton Friedman: The Last Conservative
“Friedman wasn’t a contrarian, but a firm believer in following the facts wherever they led. This ‘positive economics’ approach would underpin his later contributions for which he was most known.” ~Michael N. Peterson
-
•
Please Stop Helping Me! A Homeless Economist Faces Unintended Consequences
“Any decent student in a micro-principles class can tell you that interventions have unintended consequences. Here are some of the ‘protections’ from which I am suffering.” ~Nikolai Wenzel
-
•
Inflation Hit Some States Harder
“States with better regulatory policies enjoy a lower cost of living and attract workers and investment. The most important regulatory policy is the freedom to build, that is, a lack of burdensome zoning regulations that make housing scarce and costly.” ~Jason Sorens
-
•
Remembering James Gwartney, 1940-2024
Gwartney will be remembered as a master economic educator and founder of the Economic Freedom of the World (EFW) index, which is published by Canada’s Fraser Institute.
-
•
22 States Raised the Minimum Wage: What Does This Mean for Low-Skilled Workers?
“Governments inadvertently eliminate many of these essential entry-level jobs by advocating for higher minimum wages. This lost first rung has profound consequences, especially for vulnerable groups.” ~Vance Ginn
-
•
Business Conditions Monthly November 2023
“In light of expectations of falling demand and the increased vulnerability of the US economy to geopolitical shocks, our prediction of a US recession by September 2024 stands.” ~Peter C. Earle
-
•
The Cheap Populism of Bashing CEO Pay
“The time needed to accumulate skills and experience is considerable and few people want to have the downsides of being a CEO. Demand for such skill is increasing faster than supply, which results in growing CEO pay. It’s basic economics.” ~Vincent Geloso
-
•
Are CEOs overpaid?
“Behavioral economics contributes the insight that different kinds of compensation incentivize, reward, and support different kinds of behavior, so a range of justifications for executive compensation may come into play and need to be considered by directors and the compensation committee.” ~Robert Mulligan