Economics
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Donald Shoup’s Crusade to Reimagine Urban Parking
Requirements that parking be “free” prevent us from understanding its costs, which ultimately show up in the price of all local goods and services.
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What Milei Got Wrong About Market Failure—and Why It Matters
The theory of market failure is a powerful tool for understanding the appropriate limits of government.
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Deficit-to-GDP Ratio Near World War II Levels, CBO Finds
America’s addiction to deficit spending is out of control. But Congress lacks the courage to defuse this time bomb.
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NASA Did Not Invent Velcro: Public and Private Innovation
Government planning and funding are not required for innovations we now enjoy.
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AIER’s Everyday Price Index Gains Marginally in December 2024
The price of energy, entertainment, and rent continued to rise. Food prices were down slightly following November’s increase. Signs point to stabilization.
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Why the US Grows While the EU Slows: Adam Smith’s Recipe
Adam Smith’s recipe of “peace, easy taxes, and a tolerable administration of justice” explains much of the discrepancy in GDP.
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Dynamia, Not Stagnatia
Specialized labor and freely shifting markets result in creative destruction, but also mutual enrichment. Where would you want to live?
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‘Greedflation’ Claims Distract, Drive Policy in the Wrong Direction
Blaming producers for higher prices obscures true policy failures and economic bad actors — perhaps deliberately.
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The Problem With Retaliatory Protectionism
Whether subsidizing our own producers or punishing those abroad, tariffs inevitably become handouts to the politically powerful.
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Want Progress? Lose the Spoon Jobs
Productivity means learning to do more work with less labor. The only way to gain jobs is to lose jobs.
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•
Donald Shoup’s Crusade to Reimagine Urban Parking
Requirements that parking be “free” prevent us from understanding its costs, which ultimately show up in the price of all local goods and services.
-
•
What Milei Got Wrong About Market Failure—and Why It Matters
The theory of market failure is a powerful tool for understanding the appropriate limits of government.
-
•
Deficit-to-GDP Ratio Near World War II Levels, CBO Finds
America’s addiction to deficit spending is out of control. But Congress lacks the courage to defuse this time bomb.
-
•
NASA Did Not Invent Velcro: Public and Private Innovation
Government planning and funding are not required for innovations we now enjoy.
-
•
AIER’s Everyday Price Index Gains Marginally in December 2024
The price of energy, entertainment, and rent continued to rise. Food prices were down slightly following November’s increase. Signs point to stabilization.
-
•
Why the US Grows While the EU Slows: Adam Smith’s Recipe
Adam Smith’s recipe of “peace, easy taxes, and a tolerable administration of justice” explains much of the discrepancy in GDP.
-
•
Dynamia, Not Stagnatia
Specialized labor and freely shifting markets result in creative destruction, but also mutual enrichment. Where would you want to live?
-
•
‘Greedflation’ Claims Distract, Drive Policy in the Wrong Direction
Blaming producers for higher prices obscures true policy failures and economic bad actors — perhaps deliberately.
-
•
The Problem With Retaliatory Protectionism
Whether subsidizing our own producers or punishing those abroad, tariffs inevitably become handouts to the politically powerful.
-
•
Want Progress? Lose the Spoon Jobs
Productivity means learning to do more work with less labor. The only way to gain jobs is to lose jobs.