American Institute for Economic Research

American Institute for Economic Research

The American Institute for Economic Research, also known as AIER, is an economic research institute located in Great Barrington, Massachusetts. It was founded in 1933 by the 20th century economist Edward C. Harwood with the intention of protecting individual rights and continues to produce quality content on subjects of policy, philosophy and economic science.... Show More

Episodes

September 28, 2020 5 min
Governor Newsom claims the right to dictate what sort of new cars Californians can buy, but not until 2035. When 2035 arrives, a different California Governor and legislature will surely ignore Newsom’s political time bomb. For one state to switch to electric cars would be demonstrably irrelevant to global warming, but not to the right of that state’s consumers to spend their earnings as they wish.
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Governments are fully capable of doing the unthinkable, and doing so suddenly with no exit plan, little consideration of cost, and a callous disregard for individual rights.
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Our civilization is threatened not by this virus, but by deeply flawed reasoning in how it ought to be managed. Unless we make clear to our politicians and our fellow citizens that they are wrong, and that our ability to engage in activities and pursuits that are critical to our well-being is not negotiable, we run the risk of leading this diminished existence for the remainder of our lives.
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September 23, 2020 4 min
A news outlet that posted a bond with a third party that would be forfeited if it insisted on publishing anything factually wrong, or crossed the line between journalism and punditry, could create the sort of trust that people once had in the New York Times and other papers of record, all of which essentially posted informal bonds backed by their reputations and expected future profitability.
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If President Trump has an ounce of decency, he should promptly pardon Edward Snowden, who at a very young age, with a promising career and his whole life ahead of him, put everything on the line to protect us from the very people who are supposed to be protecting us. Let’s hope that Trump does the right thing.
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This was indeed Red Dawn. The invader was not the virus but rather governments who imagined that with enough edicts and guns they could intimidate the virus into going away. They tried to scare the disease away with rhetoric and violence but in the end, governments have only one ability: the capacity to control people. The sooner we recognize the real enemy is government overreach, the sooner we can get on with making sure nothing ...
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There isn’t a "right" combination of wages, benefits, and other perquisites, and the pattern of things that ‘work’ for people is not planned by a central authority. It emerges from trial and error in the market.
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In ancient times, mankind extended the division of labor across tribes, turning enemies into friends. Later came trade across national boundaries, with similar largely peaceful effects. Now, humans are prepared to extend it still further: into the final frontier. Doux commerce is coming to the stars. NASA just made a ‘giant leap for mankind.’ Everyone who cares about human wealth and welfare should heartily thank them.
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We are not to ask certain questions, according to the politicians, the experts, our friends. It’s over when we say it’s over, they say. We must keep each other safe. So cover your nose and mouth. Stand six feet apart. Stay home. Comply.
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As an educator myself, I am happy to grant that teachers produce value for students, and for society. But even the most marginal teacher, at the worst and least motivated public school, can’t-wait-for-retirement clock puncher, makes far more than the marginal basketball player. You can’t compare the marginal unit of water, or teachers, with diamonds.
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September 14, 2020 3 min
It is unclear how many grant competitions remain to be adjudicated at ED and other agencies, or how much money is at stake. But when schools, colleges, corporations, mayors, and governors say that ‘health and safety are our highest priorities,’ we should take them at their word. None of them should make any fuss when the federal government withholds funding in the name of health and safety. Otherwise, their statements about their p...
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Experts have been responsible for eugenic policies in the past and forced sterilizations in the United States until relatively recently. It is hard to imagine a more intrusive and life-altering event than forced sterilization. All in all, while politicians are the bane of any democracy, there are lots of reasons to think it better to give political power to elected representatives than to unelected experts who may mean well and so ...
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Private-sector job openings are recovering but labor market dynamics remain challenging for workers and small businesses alike.
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The key to getting wealthy in a capitalistic society is to produce something so valuable that millions of people want to trade for it.
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Space remains the final frontier. Just as with the terrestrial frontier, private enterprise should be the driving force for exploration, development, and settlement.
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This semester, millions of college students are unfortunately going to face a test that is far more important than any exam, assignment, or project that they will ever get in any of their classes. This is the test of self-governance. Are they capable of governing themselves and acting responsibly? Or do they still require a guiding hand to tell them what to do? We believe college students deserve a chance to try.
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Please ask yourself in your relative comfort just how deep your corona-religion is? Is it so deep that you’ll continue to turn a blind eye to the global suffering that’s taking place so that you can feel safe from a virus that thankfully kills so few? The lives of hundreds of millions of innocent people with exponentially less than you hang on your level of alarmism, and the strange joy you derive from being told what to do.
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September 3, 2020 4 min
The existence of a large civility gap would have enormous implications. Consider the issue of election integrity. If one side cheats a lot more than the other, then what will happen when the opportunities for cheating increase fivefold, or tenfold, or twentyfold?
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September 2, 2020 4 min
We really must insist on a society where multiple opinions, including political opinions, are allowed and respected. The alternative is tyranny.
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Innovation, except for COVID-related stuff, is now at a low ebb and may never rebound if the crisis lasts long enough to change cultural values.
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