Many readers are familiar with Leonard Read’s classic essay “I, Pencil,” which shows how the market process facilitates cooperation amongst myriad individuals to produce simple items like a wood pencil. …
Category:
Economy
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Inflation remained high in September. The Consumer Price Index increased 0.4 percent overall during the month of September, and 0.3 percent excluding food and energy, the latest release from the…
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During a 2021 earnings call with stockholders, Pfizer Chief Financial Officer Frank D’Amelio discussed how the company was using “pandemic pricing” to charge $19.50 per COVID-19 vaccine dose, a product…
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On this episode of Liberty Curious, Kate Wand sat down with Paul Mueller, who recently joined AIER as Senior Research Faculty, to discuss the 2007-2008 Financial Crisis and its reverberation…
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Financial history tends to get short shrift in the media, so I was thrilled to learn that Bloomberg had published a piece, “Worst US Bond Selloff Since 1787 …,” putting…
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In September 2023 the AIER Everyday Price Index (EPI) rose 0.29 percent to 288.6. This is the fourth consecutive increase in EPI, and this increase takes our index to a…
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A few weeks ago I celebrated my 65th birthday, and although I’ve now reached formal retirement age, I have no intention of retiring any time soon. I love my academic…
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In recent days, we’ve seen that real median household income in the United States fell for the third year in a row, and that union strike activity is on the…
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The United States Department of Agriculture (USDA) has proposed an experiment in which it will provide additional benefits to Supplemental Nutrition Assistance Program (SNAP) recipients who purchase more fruits and…
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Taking cues from his economic advisers, President Joe Biden has announced a proposed 25 percent minimum tax on the wealthy as a centerpiece of his “Bidenomics” plan. This “billionaire tax,”…