GOP Trade Platform Would Penalize Forgotten Americans 
American Institute for Economic Research
by Bryan Riley
5h ago
Delegations on the floor of the Republican National Convention in Milwaukee, WI. 2024. The recently approved Republican platform is dedicated to the forgotten men and women of America. This dedication refers to William Graham Sumner’s “forgotten man” lecture, which defended the interests of forgotten Americans harmed by protectionist trade policies and similar measures.  Unfortunately, the GOP platform’s trade proposals would inflict massive pain on forgotten Americans.    It pledges to protect American farmers from unfair trade, but it proposes new broad-based tariffs that ..read more
Visit website
Biden’s Rent Control Proposal Poses a Real Threat to Renters and Housing Providers
American Institute for Economic Research
by Jason Sorens
5h ago
Scaffolding against an apartment building undergoing renovation. The Biden Administration just released a plan to cap rent increases at 5 percent for apartments owned by anyone who owns 50 or more apartments. The administration claims the policy would cover more than 20 million apartments, or about half of the total number of apartments in the country. New construction and “substantial rehabilitation or renovation” would be exempt. The policy would also expire after two years. Economists almost unanimously oppose rent control, and for good reason. Capping rents punishes housing providers, maki ..read more
Visit website
Civil Discourse and Political Reality
American Institute for Economic Research
by Will Sellers
5h ago
Donald Trump, Republican candidate for president at CPAC in Maryland. 2024. I’ve never understood why Donald Trump seems to attract such a level of hatred and vitriol. There is nothing unusual about political candidates being vilified by opponents, but after an election or a term in office, the level of animosity usually subsides, and attacks focus on policy decisions and not as much on personality. I experienced some hostilities when I was a Republican presidential elector in 2016. It was my fourth time to be an elector from Alabama, so it was out of the ordinary when a few weeks before the e ..read more
Visit website
Investors are Not to Blame for the Priciest Housing in History 
American Institute for Economic Research
by Joel Griffith
1d ago
Aerial view of south Florida suburban residential housing. As the housing affordability crisis drags on, politicians and pundits are increasingly blaming investors for the rise in prices and dearth of supply. This misdiagnosis, though, threatens to exacerbate the crisis while ignoring the root causes: federal mortgage subsidies, interest rate manipulation, central bank MBS purchases, rising construction costs, and local land-use restrictions.   Home prices are indeed more unaffordable than at any other time in our nation’s recorded economic history, even without taking skyrocketing i ..read more
Visit website
Misunderstanding Poverty: a Review of ‘Second Class’
American Institute for Economic Research
by Nikolai Wenzel
2d ago
A woman sweeps the sidewalk in front of a closed small family business in Cairo, Illinois. 2020. I don’t quite buy the facile explanation that the Republican Party has become the party of disaffected blue-collar workers, while the Democratic Party has become the party of college-educated elites. To be sure, there are fascinating tectonic shifts in the American political landscape, and today’s parties are not the parties of 40 years ago. As the shifts settle, the parties are redefining themselves, and the country is increasingly divided. But I would not assert, as journalist Batya Ung ..read more
Visit website
After Moore v. US, Wealth Taxes Are Only Mostly Dead
American Institute for Economic Research
by GianCarlo Canaparo
3d ago
Interior of the Supreme Court of the United States. 2018. Moore v. United States was supposed to be the “wealth tax” case because the question the Supreme Court was supposed to answer was whether income must be “realized” before it can be taxed. That is not, however, the question the Court answered. Or, at least, not clearly.  The Court dodged the question even as it hinted at an answer.    The tax at issue in Moore was the Mandatory Repatriation Tax (MRT), part of the Tax Cuts and Jobs Act of 2017, which is a “one-time pass-through tax” on American shareholders of foreign ..read more
Visit website
A Tale of Two States: Idaho and California
American Institute for Economic Research
by Jason Sorens
3d ago
A roadside welcome to sign marks the transition from Spokane, Washington into Post Falls, Idaho. Just-released numbers from two federal agencies, the Bureau of Labor Statistics and the Bureau of Economic Analysis, show that in the first quarter of 2024, Idaho was the number one state for both payroll growth and GDP growth. While these numbers jump around a lot, Idaho’s growth has strong foundations. A comparison of Idaho and California illustrates this fact and the economic principles that explain it. People are moving to Idaho. From April 1, 2020 to July 1, 2022, Idaho had the highest net mig ..read more
Visit website
Consumer Prices Decline in June
American Institute for Economic Research
by Alexander W. Salter
6d ago
The Federal Reserve is trying to engineer a gradual disinflation. It is getting outright deflation. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) decreased 0.1 percent in June. Consumer prices have grown 3.0 percent over the last year, which is the lowest 12-month rate since March 2021.  Core CPI, which excludes volatile food and energy prices, increased 0.1 percent. Year-over-year core inflation was 3.3 percent, the lowest since April 2021. Headline price decreases, driven by monetary tightening, are not necessary to get us back to the Fed’s target 2 perce ..read more
Visit website
The Threats Posed by Environmental, Social, and Governance Policies
American Institute for Economic Research
by Paul Mueller
6d ago
Leaders in business, government, and finance have increasingly imposed Environmental, Social, and Governance (ESG) criteria on the rest of society. These top-down restrictions on society are costly and ineffective ways to address perceived and actual social problems. Societies flourish when they are free to solve their problems through decentralized experimentation and innovation. The language and priorities framed by ESG have permeated public and private institutions around the world. ESG advocates want to reshape our world in profound ways — from how we travel and heat our homes to what prac ..read more
Visit website
A Free, Prosperous and Secure America
American Institute for Economic Research
by Samuel Gregg
6d ago
America has a long history of seeking access to global markets to buy and sell goods and services. Yet trade policy has always been intertwined with national security questions. They are notoriously difficult to separate from each other, as efforts to promote national security impact trade, while trade with other countries often has national security implications. National security is regularly invoked in debates about American trade policy to justify economic nationalist policies. This has been a feature of policy discussions concerning the US-China relationship for a decade. Free traders hav ..read more
Visit website

Follow American Institute for Economic Research on FeedSpot

Continue with Google
Continue with Apple
OR