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Why Solzhenitsyn’s Line Between Good and Evil Matters
Russian writer Alexander Solzjenitsyn speaks to reporters in Germany. 1974. Dutch National Archive. We want to think that the line between good and evil is clear and that individuals fall into one...
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Faster Growth and Interest Rates: Even Harder than You Think
The US Federal Reserve Eccles Building, 1937. Flickr. Writing in the Wall Street Journal, Mickey Levy opines that a stronger economy, fueled by productivity growth, might cause problems for the...
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Division of Labor Makes Us Wealthy…And Fragile
Containers on a cargo ship transiting the Suez Canal, 2023. My father was born in 1919, on a farm in the upper Mohawk Valley in New York. He could build a two-story wood shed without a blueprint, or...
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Proletarian Capitalism
Portland’s taxi cab companies protest ride-sharing services in Pioneer Square. 2015 As Art Carden recently pointed out, it’s not at all difficult for members of the American proletariat these days to...
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Introducing AIER’s “Qualified Opinions” Podcast
Today, AIER proudly introduces Qualified Opinions, a new podcast hosted by Veronique de Rugy that will illuminate the “challenges facing free markets, liberalism, and the political climate of today.”...
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Another Year, Another Crisis
A woman wearing a face mask walks past a notice displayed at the window of a Silicon Valley Bank (SVB) in Pasadena, California. March 13, 2023 The one-year anniversary of the collapse of Silicon...
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Does Argentina Have Enough Dollars to Dollarize?
Currency exchange house on the streets of Buenos Aires, Argentina. 2019. Argentine President Javier Milei has postponed the implementation of his much-anticipated dollarization plan. Some...
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The Fed (Almost) Ruined Black Friday
Price promises lead Black Friday signs at a shopping mall. Black Friday was once a sure bet that consumers would engage in a shopping frenzy. But it felt different in 2023, and the data tell us why....
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Childless China: Coercive Population Plan Implodes
Parents with young children in Shenzhen, China. 2018. Kenneth Emde of Minnesota, who came of age during the Swinging Sixties, recently explained why he is childless today. “I was a college student...
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AIER’s Everyday Price Index Spikes 0.73 Percent
In February 2024, the AIER Everyday Price Index (EPI) rose 0.73 percent to 286.9. This rise was the largest percentage increase in the index since August 2023 and the eighth largest going back to...
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Campus Incitement
Rally for Palestine in Cambridge, Massachusetts earlier this month. Use the wrong pronouns? You will be forthwith kicked out of school. Say “Eskimo” instead of “Inuit”? Woe betide you. Claim there are...
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“Stabilization” Is Just Bad Old Rent Control
Seattle cityscape, including thousands of rental units now potentially subject to state rent caps. The Washington State House has passed a bill to cap rent increases at 7 percent a year. The Senate...
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NAFTA: 30 Years of Driving Free Trade Critics Crazy
Then-President Bill Clinton, flanked by former presidents, signs supplemental agreements to the North American Free Trade Agreement (NAFTA) in the East Room of the White House. 1993. Almost since its...
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Inflation Remains Elevated. Is Money Actually Tight?
The seal of the Federal Reserve tops the atrium of the Eccles Building, where the FMOC will meet next week. There’s been another bump in the disinflationary road. The Bureau of Labor Statistics...
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Two Birds of a Fiscal Feather
Multifamily housing for rent. For decades, controversies about property taxes and rent control have been near the top of the list of state and local government disputes. Proposition 13 and the other...
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Heaps of Trouble
A shovel stands ready among heaps of sand. The United States national debt recently reached roughly 34 trillion dollars in debt with CEOs of large financial institutions like JP Morgan, Jamie Dimon,...
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Unrealized Gains Tax is an Economic Fallacy
President Biden delivering his 2024 State of the Union address Taxing unrealized capital gains on property, stocks, and other assets is not just a bad idea, it’s an economic fallacy that undermines...
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How the West Won the Money Race
A replica of very early paper currency, “flying cash” from the Tang dynasty of China (618–907). When Marco Polo arrived in Yuan Dynasty China, among the wonders he found was that money grew on trees....
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Fact-Checking “Greedflation”
Grocery store shelves, where many consumers encounter persistent inflation. Some myths are stubbornly persistent. Count the greedflation myth among them. A recent poll conducted by Navigator indicates...
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Commoditizing Excess Capacity
Empty vehicles occupy much of this street in the Meatpacking district of Manhattan. Adam Smith celebrated the fact that commercial infrastructure emerged to facilitate and expand the division of...
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