The US economy added more than half a million jobs in January, significantly exceeding forecasters’ expectations. A robust labor market complicates the narrative of an impending recession. But some commentators […]
Tag: AIER
Davos and the Holy Grail of Equity
Participants in the World Economic Forum (WEF) seem to have mistaken Davos for Camelot. After days of talking and revelry, they have sallied forth on their quest for the Holy […]
Are Free Traders Guilty of Naïve Globalism?
Samuel Gregg’s 2022 book, The Next American Economy, is an important and brilliant achievement. Gregg eloquently champions the free, commercial society against its many detractors. Among these detractors, of course, […]
These Are the Good Old Days
It happened again. While scrolling through social media during morning coffee, I came across another post about how wonderful everything was when we were kids and how horrible everything is […]
Congress Can Restore the Integrity of the Dollar
All government agencies try to maximize power and minimize accountability, but the Federal Reserve is in a league of its own. What began as a quasi-public clearinghouse with the limited […]
Services-Sector Activity Accelerated in November
The Institute for Supply Management’s composite services index increased to 56.5 percent in November, rising 2.1 points from 54.4 percent in the prior month. The index remains above the neutral […]
Essential Words In- And Not In- Adam Smith’s Essential Works
The word sympathy (and its cognates) appears 290 times in Adam Smith’s The Theory of Moral Sentiments (TMS). In a letter to Smith (28 July 1759), David Hume said that the agreeableness of sympathy […]
Flatcoins: A More “Stable” Stablecoin?
As inflation hits fiat currencies, a new idea is emerging in the cryptocurrency ecosystem. “Flatcoins,” or stablecoins tied to the cost of living rather than fiat currencies, are currently being […]
Authority And Freedom by Jed Perl: A Review
A book entitled Authority and Freedom sounds like it could be a lesson regarding political libertarianism and government, or a discussion on the philosophical relationship between the two concepts. Jed […]
A Reflection on Bastiat’s “What Is Seen and What Is Not Seen”
Frédéric Bastiat (1801-1850) is rightly celebrated for his still-unmatched skill at conveying key economic insights to the general public with clarity and wit. Among his most famous and effective efforts […]