Economic Analysis
HICKS: Policy choice boils down to austerity or austerity
May 19, 2012
Mike HicksThe plain reality is clear: Austerity is coming to Europe, either as a planned and thoughtful exercise or through fiscal ruin.
MoreHICKS: European recession likely to affect U.S. economy, too
May 12, 2012
Mike HicksAs disparate facts, the economic conditions in Europe and the United States are disconcerting. Taken together, they are frightening.
MoreHICKS: Debate rages on about role of Federal Reserve
May 5, 2012
Mike HicksThe Employment Act of 1946 essentially required the Federal Reserve to do two mutually exclusive things: promote full employment
and keep inflation low.
MoreHICKS: Finding freedom through 'The Hunger Games'
April 28, 2012
Mike HicksWhat has kept me in a three-week state of shock is the message about values our kids are getting from this work.
MoreHICKS: Spending, debt influence long-run growth
April 21, 2012
Mike HicksBut it is only during the depths of this type of recession (perhaps two in a lifetime) that the disagreement among economists
is so sharp.
MoreHICKS: Accounting mistakes and local government reform
April 14, 2012
Mike HicksThe $206 million in late payments is about half the total tax revenue our state’s woefully mismanaged townships kept
sitting in the bank over the past several years.
MoreHICKS: Some types of unemployment signal progress
April 7, 2012
Mike HicksStructural unemployment is a byproduct of healthy technological progress, and those who can learn new skills flourish.
MoreHICKS: The joke's really on us with Social Security
March 31, 2012
Mike HicksIf treated as a financial investment, Social Security is a really effective way to destroy wealth.
MoreHICKS: State smoking ban recognizes value of life
March 24, 2012
Mike HicksThe workplace smoking ban signed by Gov. Mitch Daniels this week was a much-needed law. Of course, my Libertarian friends
will object to its intrusion on liberty, and my leftist friends will say it didn’t go far enough. To them I ask, “What
are you smoking?”
MoreHICKS: Value proposition should drive higher ed debate
March 17, 2012
Mike HicksEven with higher tuition, college students are still flocking to campus. The real problem isn’t increasing costs, but
uncertain benefits.
MoreHICKS: Manufacturing industry is alive and well
March 10, 2012
Mike HicksAmerica has always been a place where we make things. In fact, 2011 was a record year for manufacturing in America, as will
be 2012 and 2013 (all in inflation-adjusted terms).
MoreHICKS: Gas prices likely to influence presidential race
March 3, 2012
Mike HicksLate last month, our president gave what was billed as an important speech about gas prices. It was that and more.
MoreHICKS: Upcoming election to influence corporate tax cuts
February 25, 2012
Mike HicksObama’s plan is to eliminate loopholes for energy companies and create new ones for manufacturing firms. The condition
of the 2012 electoral map should make his motivations clear.
MoreHICKS: Imperfect markets influence economic growth
February 18, 2012
Mike HicksMarkets rule supreme, but they also work imperfectly and will do so as long as humans themselves remain imperfect.
MoreHICKS: It's time for labor unions to make some changes
February 11, 2012
Mike HicksHow is it, I wonder, that an employment contract between willing parties could get to the point where either side is viewed
as an enemy?
MoreHICKS: Field research sheds light on Super Bowl impact
February 4, 2012
Mike HicksMy two sons and I headed to Indianapolis’ Super Bowl Village recently for some field research.
MoreHICKS: State of the Union chock full of wistful visions
January 28, 2012
The bacchanalia of the stimulus has limited spending choices far into the future. So, most of the policies outlined by President
Obama are wistful visions of a future that cannot be.
MoreHICKS: Measuring intangibles part of economist's job
January 21, 2012
Mike HicksA frequently heard criticism of economic analysis is that it focuses only on those things that can be easily measured. This
is an astonishing and vacuous censure championed largely by the innumerate among us.
MoreHICKS: What to expect from right-to-work legislation
January 14, 2012
Mike HicksIt would be a long way from simply naïve to suppose that my study would alter any decisions about the divisive right-to-work
legislation pending in Indiana.
MoreHICKS: Job prospects should factor into student loans
January 7, 2012
Mike HicksCollege education is expensive (mostly due to foregone earnings), but in terms of expenses, paying tuition for state schools
is far less than half the cost of going to college.
MoreHICKS: Predictions can be wrong, but analysis valuable
December 31, 2011
Mike HicksThe new year is a time of reflection. For someone who comments on the economy and provides analysis and forecasts, it should
be a time to take stock and be honest about where I was right and wrong.
MoreHICKS: 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.
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graham. they are even better w/ roasted marshmallows and melted chocolate
Apparently ticket sales are slow too...mas emails have been sent by the speedway in a last ditch attempt to get place fans to come.
Garden Valley Veggie flavor Wheat Thins Toasted Chips. Don't judge until you try them, haters!
Doc, a few important errors in your statements:
(1) The developer is spending the CITY'S money (the city is paying for the cost of the garage), so the city can damn well insist on a quality design.
(2) The LAW requires the proposed building to comply with design standards, and insisting that people follow the law is not giving anyone the "run-around."
(3) A two-week delay to make some minimal aesthetic improvements is hardly a great imposition being imposed on the developer.
(4) If the developer would rather build a crappy building elsewhere with their own money, then they are welcome to pick up and do so.
(4) Indianapolis is a major city, not some podunk town that needs to spread its legs for any developer that throws the place a sideways glance. Indianapolis should insist on the best, not settle for junk. Accepting anything is not going to make Indianapolis grow any faster (not sure where you got that silly notion from), nor is Indianapolis a slow-growth city compared to similarly sized city's in the Midwest.
Alone. Or with cheese.