Each time a recession nears, some call for governments to step in to “stimulate” the economy. Not through monetary means (printing money), but through fiscal ones. If the government initiates […]
Tag: AIER >>Daily Economy
4,000 Years of Failed Price Controls
In 1892 the French archaeologist Henri Pognon made a historic discovery a few dozen miles northeast of Baghdad: a massive tell that held the ruins of the ancient city-state Eshnunna. Though it […]
Immobility Plan 2035
In 2015, Los Angeles Mayor Eric Garcetti announced his Vision Zero plan to eliminate the more than 200 annual non-driver traffic fatalities by 2025. In concert, the City Council adopted […]
Gulliver’s Travels in Washington, D.C.
Someone should tell Washington’s elite that Gulliver’s Travels is a satire, not a handbook. Yes, in Part III of Jonathan Swift’s tale, Laputa sounds a lot like Washington, D.C. It […]
The Recession is Here. Will Stagflation Follow?
With Thursday’s abysmal 2nd quarter GDP number, the US is officially in a recession. The path to a soft landing for the US economy has virtually closed. The US economy […]
Is Biomass “Green” Energy?
Industrial wind turbines and solar panels get the lion’s share of attention as “green” alternatives to fossil fuels. But biomass is in the mix, and like the other two, it […]
Core Capital-Goods Orders Hold at a Record High Level
New orders for durable goods decreased in December, falling 0.9 percent following a strong 3.2 percent gain in November. Total durable-goods orders are still up 16.0 percent from a year […]
Man Gets Back $30,000 the Government Stole from Him—11 Months after Drug Agents Seized It without Cause
When Kermit Warren and his son Leo lost their hotel jobs amid-2020 as a result of COVID-related layoffs, things were not looking great for them. Though they had some money saved, […]
Review of Sheilagh Ogilvie, The European Guilds: An Economic Analysis
In a famous passage in An Inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith writes, “People of the same trade seldom meet together, even for […]