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Economic Analysis
HICKS: 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.
MoreHICKS: Without real cuts, cost of borrowing will rise
July 9, 2011
Mike HicksWhat is abundantly clear is that federal spending is much higher than is currently sustainable.
MoreHICKS: Founding document holds lessons for today
July 2, 2011
Mike HicksThe Declaration of Independence has some key tenets that bear mentioning in these times.
MoreHICKS: Jobless compensation and the incentive to work
June 25, 2011
Mike HicksIn essence, the body of research tells us that longish periods of unemployment compensation tend to cause longish periods
of unemployment.
MoreHICKS: Absence of fathers has dire economic impact
June 18, 2011
Mike HicksPoverty in America is overwhelmingly caused by two things: failing to graduate from high school and single parenting.
MoreHICKS: Recession took its toll on under-educated
June 4, 2011
Mike HicksThe hard truth is that all the jobs lost in the economy that will return already have. So what will become of those who lost
jobs to the recession for which none await them now? The prognosis is none too optimistic.
MoreHICKS: Remembering those who fought, and why
May 28, 2011
Mike HicksThree times as many Hoosiers perished in the Civil War than the nation as a whole has lost to battle since Vietnam.
MoreHICKS: Slow recovery doesn’t favor intervention
May 21, 2011
Mike HicksMost disagreement over economic policy is not based on theory; rather it is based on the discordant views about the ability
of government to quickly and efficiently spend a stimulus or target a tax cut.
MoreHICKS: Gas prices explained by simple economics
May 14, 2011
Mike HicksOil prices are affected by the demand for petroleum products, the available supply of oil, the value of the currency in which
it is denominated, and uncertainty about future supply or demand.
MoreHICKS: Motherhood changes, but not in importance
May 6, 2011
Mike HicksThe best estimates tell us that about 26 percent of all Americans are mothers, and that the past few decades have seen a big
increase in the range of ages of motherhood.
MoreHICKS: Raising taxes won’t increase federal revenue
April 30, 2011
Mike HicksHauser’s Law, which is really an empirical observation, notes that U.S. income tax revenue has hovered within a percentage
point of 19 percent of our total economy for more than 50 years.
MoreHICKS: Corporate profits don't deserve condescension
April 23, 2011
Mike HicksProfits are much maligned, and the profit motive is oft depicted as synonymous with greed. This is disheartening. Disdain
drawn from ignorance is intellectually lazy.
MoreHICKS: Economic activity stalls when taxes rise
April 16, 2011
Mike HicksWe know from long experience that, if you raise taxes, you get less economic activity, even if higher tax rates make some
people work harder.
MoreHICKS: General Assembly puts foolishness on display
April 2, 2011
Mike HicksWe need the remaining month of this Legislature to look a lot less like the last month.
MoreHICKS: Debt a bigger problem than who bought it
March 26, 2011
Mike Hickspurchasing our debt and being our banker are different matters altogether.
MoreHICKS: Education reform deserves bipartisan support
March 19, 2011
Mike HicksThe goal of the legislation is to give public schools more incentives to improve.
MoreHICKS: Unfortunately, veteran tuition benefits must be cut
March 12, 2011
Mike HicksIt's a wide entitlement program that will literally explode in the coming decades, since a third of all combat veterans will
meet the disability requirements. It is not sustainable, and the Senate just tightened the requirements.
MoreHICKS: Telecom reform in Indiana worked
March 5, 2011
Mike HicksDeregulation of monopolies tends to almost always make consumers better off. Indiana’s broad and effective telecommunications
reform of 2006 is a classic example of this.
MoreHICKS: Uncertainty always leads to oil-price fluctuations
February 26, 2011
Mike HicksBeing a commodity, changes to oil prices are frequent and instantaneous. Changes to supply or demand of petroleum in the Middle
East affect the price at the pump in the Midwest within hours.
MoreHICKS: Productivity gains make for jobless recovery
February 19, 2011
Mike HicksIt is an old story, but a nevertheless disheartening one. It is also a tale rich in its implications for young workers.
MoreHICKS: Trimming government fat tough, but necessary
February 12, 2011
Mike HicksRecognizing inefficiency in government is far more difficult than rhetoric suggests. The private sector has the blessing of
the profits to guide decisions.
MoreHICKS: Deciphering economy a confusing pursuit
February 4, 2011
Mike HicksA casual observer of news about economic indicators has more than enough reason to be puzzled.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!