Daily Economy
-
•
College History Textbooks spread Misinformation about the Great Depression
“US history instruction, including at the college level, is badly out of sync with the scholarly literature on the Great Depression. History textbooks show little cognizance of the leading economic explanations for this famous event.” ~Phil W. Magness
-
•
WeInflate, WeMalinvest, WeWork
“Companies founded in easy money periods will tend to be the most vulnerable. Many firms will survive the credit crunch, but few will emerge unscathed.” ~Peter C. Earle
-
•
Psychedelics Will Help America’s Mental Health Crisis — If the FDA Lets Them
“The FDA granted ecstasy breakthrough therapy status in 2017, expediting its process to becoming an approved treatment. Generating an approval process for other drugs like these is the next logical and necessary step.” ~Raymond Marc
-
•
In Memoriam: Maureen H. Foulke 1929 – 2023
“Maureen was a dear friend to the community of AIER supporters. We will greatly miss her enthusiasm, energy, and charm.” ~John L. Barry
-
•
Business Conditions Monthly September 2023
“While we refrain from providing a specific magnitude for our recession forecast and acknowledge the possibility of inaccuracies or outright error, we maintain our contention that the US will enter an economic recession by September 2024.” ~Peter C. Earle
-
•
If You Care About Social Mobility, You Need to Let Markets Work
“A person born in the economically freest quartile of metropolitan areas experiences between 5 and 12 percent more intergenerational income mobility. This effect is systematically larger than the effect of income inequality.” ~Vincent Geloso
-
•
Driver Shortage? Not So Fast
“Rather than work with shippers and receivers to fix these issues, the trucking industry has decided that it is more cost effective to stick taxpayers with the bill for replacing truckers who, having discovered that the business neither respects nor pays for their time, make the rational choice to quit.” ~Gord Magill
-
•
Gobbledegook! The Bretton Woods System of Fixed Exchange Rates According to E.C. Harwood
“In 1954, Harwood testified in the US Senate about the ‘advantages of returning to the full gold standard with the nation’s currency redeemable in gold coin on demand,’ as it had been throughout most of the nation’s history before the New Deal.” ~Robert E. Wright
-
•
Neither Democracy Nor “Union Democracy” are Ideals
“‘Democratically’ violating people’s rights is the default setting for legislation and regulation today, rather than the rare exception.” ~Gary Galles
-
•
Political Corruption: There is Nothing New Under the Sun
“Tweed was all three branches of government rolled into one person, and nothing escaped his influence. Judges and courts were in his employ, legislators owed him their livelihood, and mayors and governors depended on his block votes for election.” ~Will Sellers
-
•
College History Textbooks spread Misinformation about the Great Depression
“US history instruction, including at the college level, is badly out of sync with the scholarly literature on the Great Depression. History textbooks show little cognizance of the leading economic explanations for this famous event.” ~Phil W. Magness
-
•
WeInflate, WeMalinvest, WeWork
“Companies founded in easy money periods will tend to be the most vulnerable. Many firms will survive the credit crunch, but few will emerge unscathed.” ~Peter C. Earle
-
•
Psychedelics Will Help America’s Mental Health Crisis — If the FDA Lets Them
“The FDA granted ecstasy breakthrough therapy status in 2017, expediting its process to becoming an approved treatment. Generating an approval process for other drugs like these is the next logical and necessary step.” ~Raymond Marc
-
•
In Memoriam: Maureen H. Foulke 1929 – 2023
“Maureen was a dear friend to the community of AIER supporters. We will greatly miss her enthusiasm, energy, and charm.” ~John L. Barry
-
•
Business Conditions Monthly September 2023
“While we refrain from providing a specific magnitude for our recession forecast and acknowledge the possibility of inaccuracies or outright error, we maintain our contention that the US will enter an economic recession by September 2024.” ~Peter C. Earle
-
•
If You Care About Social Mobility, You Need to Let Markets Work
“A person born in the economically freest quartile of metropolitan areas experiences between 5 and 12 percent more intergenerational income mobility. This effect is systematically larger than the effect of income inequality.” ~Vincent Geloso
-
•
Driver Shortage? Not So Fast
“Rather than work with shippers and receivers to fix these issues, the trucking industry has decided that it is more cost effective to stick taxpayers with the bill for replacing truckers who, having discovered that the business neither respects nor pays for their time, make the rational choice to quit.” ~Gord Magill
-
•
Gobbledegook! The Bretton Woods System of Fixed Exchange Rates According to E.C. Harwood
“In 1954, Harwood testified in the US Senate about the ‘advantages of returning to the full gold standard with the nation’s currency redeemable in gold coin on demand,’ as it had been throughout most of the nation’s history before the New Deal.” ~Robert E. Wright
-
•
Neither Democracy Nor “Union Democracy” are Ideals
“‘Democratically’ violating people’s rights is the default setting for legislation and regulation today, rather than the rare exception.” ~Gary Galles
-
•
Political Corruption: There is Nothing New Under the Sun
“Tweed was all three branches of government rolled into one person, and nothing escaped his influence. Judges and courts were in his employ, legislators owed him their livelihood, and mayors and governors depended on his block votes for election.” ~Will Sellers