Economic Analysis

HICKS: Inflation delays visit, but it'll arrive eventuallyRestricted Content

December 18, 2010
Mike Hicks
All economists know that, at its core, inflation is caused solely by too much money chasing too few goods.
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HICKS: Tax-cut proposal probably a good compromiseRestricted Content

December 11, 2010
Mike Hicks
The Bush tax cuts in particular are politically charged. Many people want to see the rich taxed at higher rates, with little regard for the impact on the economy.
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HICKS: The high costs of an over-lawyered societyRestricted Content

December 4, 2010
Mike Hicks
Estimates of the private-sector costs of civil litigation top out at about 2 percent of our gross domestic product, so for every $50 spent in the United States, $1 goes to support legal costs and settlements.
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HICKS: Thanksgiving, Black Friday and Cyber MondayRestricted Content

November 27, 2010
Mike Hicks
The holiday season in the United States has morphed into a time of concentrated purchases.
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HICKS: Discounting the future when making public policyRestricted Content

November 20, 2010
Mike Hicks
As you will learn in any good high school economics class, everyone values the future less than the present.
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HICKS: Educators must acknowledge need for reformRestricted Content

November 13, 2010
Mike Hicks
Fixing schools won’t be easy, but it begins with an honest realization of the problem—not mendacious malarkey.
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HICKS: Fed 'easing' into another stimulus planRestricted Content

November 6, 2010
Mike Hicks
Federal legislation dating from the Truman administration compels the Fed to try to achieve the lowest possible levels of unemployment and inflation. Unfortunately, minimizing both is not possible.
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This election, take note of 'opportunity cost'

October 30, 2010
Mike Hicks
I think it is an idea that separates those who make decisions from those who want to talk about them and, in application, is an idea that distinguishes serious from unserious people.
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HICKS: Why the stimulus didn't stimulate enoughRestricted Content

October 16, 2010
Mike Hicks
The failure of the American Recovery and Reinvestment Act to deliver us from high unemployment will provide research grist for economists for decades to come.
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HICKS: Getting a driver's license in five not-so-easy steps

October 9, 2010
Mike Hicks
He had been previously licensed to drive an M1 Tank and various smaller-tracked and -wheeled vehicles. Obtaining an Indiana license, he thought, would be easy. It was not.
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HICKS: An inconvenient truth about teachers' unionsRestricted Content

October 2, 2010
Mike Hicks
From what I have seen and read, this documentary is destined to change radically our perception of schools, and those who stand in the way of fixing them.
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HICKS: The end of a recession doesn't feel like oneRestricted Content

September 25, 2010
Mike Hicks
It is good to look back on the recession and think about where we've been and how this recession stacked up against others.
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HICKS: Variables cloud business-location question

September 18, 2010
Mike Hicks
The problem is that the reasons for business-location decisions change from time to time.
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HICKS: Income tax debate looms over next election

September 11, 2010
Mike Hicks
The expiration of the Bush tax cuts this January will further slow the economy, perhaps deeply.
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HICKS: Trade unions strong when they work with biz

September 4, 2010
Mike Hicks
For labor unions to survive, they must follow the path of their more successful brethren in trade unions.
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HICKS: Good reads on America's automobile industry

August 21, 2010
Mike Hicks
If you'd like to satiate your interest in the domestic automobile market, may I recommend three fine books?
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HICKS: Expectations can't erase sluggish recoveryRestricted Content

August 14, 2010
Mike Hicks
While the economy continues to recover, the pace is agonizingly slow. The reasons for this are becoming clear.
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HICKS: What silly bands say about the value of things

August 7, 2010
Mike Hicks
There are economic lessons here. The most important is that the value of things is necessarily determined by what is known in econo-jargon as utility.
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HICKS: Twenty years later, the impact of Desert StormRestricted Content

July 31, 2010
Mike Hicks
Wartime familiarity should make us more tolerant of our differences and care more for one another's children.
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HICKS: What we can learn from forecasting blundersRestricted Content

July 24, 2010
Mike Hicks
It begs the question, just what should economists be expected to know and how should we explain it?
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HICKS: To spend or cut taxes, that is the questionRestricted Content

July 17, 2010
Mike Hicks
The stimulus and array of bailouts have thus far done little to boost the economy. Neither is there good evidence they kept things from getting worse.
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HICKS: A modest proposal: The SUN tax of 2010Restricted Content

July 10, 2010
Mike Hicks
The problem is that the tanning tax fails every single criterion of effective tax policy. It is narrow, easily avoided, suffers high administrative costs, and distorts consumer and producer behavior.
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HICKS: Town squares reflect forefathers' optimismRestricted Content

July 3, 2010
Mike Hicks
In my line of work, I travel to many small towns. One eccentricity I indulge in on these trips is to drive around town squares.
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HICKS: Roots of recession found in homes, stocksRestricted Content

June 26, 2010
Mike Hicks
When the Business Cycle Dating Committee of the National Bureau of Economic Research meets later this year or next, I believe they’ll say the recession hit bottom in June or July of 2009. Recessions end when the economy bottoms out.
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HICKS: Four recommendations for your reading listRestricted Content

June 19, 2010
Mike Hicks
Though I am no slave to fashion, summertime is a long occasion for the reading of good books.
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  1. In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.

  2. I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?

  3. Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!

  4. See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.

  5. I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.

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