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Economic Analysis
HICKS: An open letter to an elf from an economist
December 24, 2011
Mike HicksLast year, you brought me coal; this year, could you fill my pickup truck with gasoline instead?
MoreHICKS: Is U.S. economy example of capitalism or free market?
December 17, 2011
Mike HicksFor some time, I have been unhappy with using the term “capitalism” to describe the ascendant form of economic
organization. I prefer “free market” to describe the workings of the United States and much of the world.
MoreHICKS: Monetary policy for our times may involve trade-offs
December 10, 2011
Mike HicksThis week, Charles Evans, president of the Federal Reserve Bank of Chicago and leading contender to replace Ben Bernanke as
Fed chairman, visited Muncie to give an important speech on moving the economy past the recession.
MoreHICKS: Black Friday feeds commercialization illusion
December 3, 2011
Mike HicksThanksgiving evening into the wee hours of Black Friday saw me visiting three Walmart stores in five hours. This was purely
research, mind you.
MoreHICKS: National debt makes long-term challenges clear
November 26, 2011
Mike HicksWe must have a serious discussion over the size and scope of government and how to pay for it. Economically, the answers are
clear. We must cut spending, raise revenue and adjust Social Security to the demographic reality.
MoreHICKS: Penn State abuse case offers lessons for us all
November 19, 2011
Mike HicksThe cascading revelations about Pennsylvania State University’s storied football program surely will continue to repulse
and sadden us. But within the horror of the events are many lessons, economic and otherwise.
MoreHICKS: Schools, taxes, services on voters' radar
November 12, 2011
Mike HicksIt is easy to make promises while campaigning—and quite another thing to carry them out when confronted with the fullness
of fact.
MoreHICKS: Schools and leadership keys to community growth
November 5, 2011
Mike HicksFixing schools, paving roads, building sidewalks, sprucing up parks and cutting government waste are hard, long, inelegant
and thankless tasks—but they are the ones that really matter.
MoreHICKS: Lessons in macabre taxes and ghastly fiscal policy
October 29, 2011
Mike HicksHalloween is the time when the Hicks kids learn about taxes. As a loving father, I combine the safety examination of their
treats with a lesson on the effect of marginal tax rates on productivity.
MoreHICKS: Human capital, income inequality and our future
October 22, 2011
Mike HicksSince at least the 1960s, economists have been warning that the link between human capital and economic growth was growing.
MoreStrategist: Uncertainty still holding back U.S. economy
October 21, 2011
Scott Olson
In order to get the U.S. economy to grow at a respectable 3-percent annual rate, the government needs to get a grip
on the debt crisis while corporations needs to start spending the money they've stockpiled.
HICKS: Is the Occupy Indianapolis crowd on to something?
October 15, 2011
Mike HicksThere’s something in the Occupy Indianapolis protest for most of us to appreciate. Among these is the real and persistent
influence from both corporations and unions that distorts our tax system. The reality is astonishing.
MoreHICKS: Competing theories agree on nation's economic woes
October 8, 2011
Mike HicksBoth explanations suggest that the large stimulus and enormous government spending deficits are in part to blame for the continued
ill performance of the U.S. economy.
MoreHICKS: Some long-dead economists worth a listen
October 1, 2011
Mike HicksIt is a bit too early to tell what this recession and recovery will do to the reputation of the many economists who prognosticated
through it. But one thing is for certain: It has provided much publicity for many long-dead economists.
MoreHICKS: Defining and understanding poverty in America
September 24, 2011
Mike HicksHow much poverty we have and how bad it is remain elusive questions. The causes of poverty are better known.
MoreHICKS: Efficacy of the American Jobs Act questionable
September 17, 2011
Mike HicksIn my professional judgment, President Obama’s proposed American Jobs Act is as fair an attempt at stimulating the economy
as is now possible. Whether or not it is good policy or will work are other questions.
MoreHICKS: A solemn reminder of the value of shared sacrifice
September 10, 2011
Mike HicksOn this anniversary of 9/11, I think we would do well to acknowledge that we have relinquished too little of ourselves in
the years since the attacks.
MoreHICKS: Lessons to glean from Keystone Towers demolition
September 3, 2011
Mike HicksThe demolition of a vacant apartment building is common fare in American cities. It is part of the urban renewal that is much
needed in many U.S. cities.
MoreHICKS: High taxes are myth, not America's problem
August 27, 2011
Mike HicksIn too many places, government does things the private sector does better and cheaper.
MoreHICKS: Vouchers could help fix what's ailing Indiana schools
August 20, 2011
Mike HicksThe real purpose of vouchers was to add incentives for public schools to improve.
MoreHICKS: Investors downgrade Standard & Poor's political ploy
August 13, 2011
Mike HicksThere are many reasons to believe the second half of the year will bring a faster-growing economy.
MoreHICKS: Cuts will come in wake of federal budget deal
August 6, 2011
Mike HicksIt is clear that the agreement to raise the United States’ debt ceiling demands cuts to military budgets, to entitlements
and to the vast cornucopia of discretionary spending.
MoreHICKS: Woody Guthrie, Ron Paul and the national debt
July 30, 2011
Mike HicksNow, I have been given to observe many a wondrous and unusual thing over the course of my life, but the thought of Ron Paul
and Woody Guthrie cozying up on fiscal policy leaves me virtually speechless.
MoreHICKS: Ending subsidies good, but won't solve debt
July 23, 2011
Mike HicksWe currently have an unsustainable budget, and the inevitable increase in borrowing costs is simply a tax on political cowardice
on the matter.
MoreHICKS: Free trade isn't costing Americans jobs
July 16, 2011
Mike HicksI actually find it astonishing that there are still Americans who devote themselves to opposing free trade on the grounds
that it hurts the economy. There is no more easily disproven fiction.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.