Economic Analysis

Hicks: We'll spend more and more on health careRestricted Content

September 28, 2013
Mike Hicks
Like most Americans, I am confused by the ACA. I don’t have a spare couple of months to read it in its entirety, but am certain there are things about it I will like and some I will detest. On balance, though, it is increasingly clear that it will require Herculean fixes.
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HICKS: Yellen understands the Fed's conflicting rolesRestricted Content

September 21, 2013
Mike Hicks
With Janet Yellen as the clear front runner for Federal Reserve chairwoman, rampant speculation regarding her approach to monetary policy fills blogs and editorials.
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HICKS: Now is not the time to backtrack on school reformsRestricted Content

September 14, 2013
Mike Hicks
My local paper recently published an opinion piece criticizing virtually all recent education reform efforts, including those by the Bush, Obama, Daniels and Pence administrations. The piece was naively rich with irony.
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Hicks: Incomes won’t rise until communities improveRestricted Content

September 7, 2013
Mike Hicks
Indiana has many fine communities with good schools and great local amenities. High-earning households are eager to live in these communities, and businesses flock there to obtain access to those workers and consumers. Indiana also has many poor communities with weak schools and few amenities. Households and businesses flee such places.
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Hicks: Blame labor's collapse on its own successesRestricted Content

August 31, 2013
Mike Hicks
The decline of the American labor movement is startling. In only 50 years, membership has dropped 80 percent. No mainstream American institution of note has dissipated at this pace before. Today, more Americans receive disability payments than belong to private-sector unions.
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Hicks: Antitrust suit rests on decades of traditionRestricted Content

August 24, 2013
Mike Hicks
The attempt by the Department of Justice to block the merger of American Airlines and U.S. Airways offers a glimpse into one of the great public policy innovations of the past couple of centuries: American anti-trust law.
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Hicks: Education debate shouldn't matter to studentsRestricted Content

August 17, 2013
Mike Hicks
Higher education is undergoing a metamorphosis. Cost-saving measures such as online learning and the ubiquity of technology might seem to make today’s undergraduate experience vastly different from their forbears'. That is a mirage. The most essential elements of an education are unchanged.
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Hicks: Two excellent choices for Bernanke successorRestricted Content

August 10, 2013
Mike Hicks
A great debate under way regarding the successor to Federal Reserve Chairman Ben Bernanke seems to come down to economists Lawrence Summers or Janet Yellen. The debate is full of interesting insight but it’s the immediate challenges of the Fed that matter more.
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Hicks: Stamp out mediocrity in education collegesRestricted Content

August 3, 2013
Mike Hicks
Over the past two years, Indiana has replaced licensing and compensation rules for public schoolteachers that required degrees exclusively from teachers colleges.
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Hicks: China's economy colliding into great wallRestricted Content

July 27, 2013
Mike Hicks
For more than three decades, China’s economy has dazzled observers, with annual growth frequently sneaking into double digits. But the wide-eyed narrative of boundless wealth that has accompanied this growth is suffering a couple of hiccups.
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Hicks: 'Real poverty' is beating a retreat globallyRestricted Content

July 20, 2013
Mike Hicks
Over the past 30 years, the number of people in the world living in “real poverty” has dropped from just under 2 billion to fewer than 1.1 billion. This is a drop from roughly 40 percent to 15 percent of the world’s population.
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HICKS: There's no end to odd stories about coinageRestricted Content

July 13, 2013
Mike Hicks
Today, we hear from seemingly sophisticated folks that we should return to the gold standard, and so ensure long-run stability and remove those unseemly humans from decisions about money. That argument ignores two common axioms.
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Hicks: Same-sex debate obscures larger family crisisRestricted Content

July 6, 2013
Mike Hicks
Same-sex marriage or household arrangements possess no economic consequences. However, the debate itself does have consequences because it crowds out honest deliberation on the real problems of collapsing families.
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Hicks: The Austrian school is winning the fiscal debateRestricted Content

June 29, 2013
Mike Hicks
Political folklore has it that economists are infamously divided between Keynesian and classical explanations for the cause of the boom-and-bust cycle.
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Hicks: A better immigration policy needed right nowRestricted Content

June 22, 2013
Mike Hicks
Our immigration policy is broken. We could absorb many of the best-educated workers in the world, but we encumber them in decades of costly red tape or send them to boost the economies of Canada, Britain and Germany.
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Hicks: Manufacturing turns out remarkably good newsRestricted Content

June 15, 2013
Mike HicksMore

Hicks: Attractive places help Indiana grow fasterRestricted Content

June 8, 2013
Mike Hicks
I am often asked to explain why more and better local amenities matter to job creation. It is a simple concept, really. Families make choices about where to live based upon a variety of factors, including playgrounds, safe and attractive neighborhoods, and recreational activities. They will sacrifice to obtain these things, commute long distances and even forgo higher wages.
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Hicks: Finding the good and the bad in TARP bailoutsRestricted Content

June 1, 2013
Mike Hicks
The Congressional Budget Office’s most recent assessment of the cost of the Troubled Asset Relief Program, in late May, occasioned far less thoughtful discussion of the role of government than it should have.
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Hicks: International trade is the exact opposite of warRestricted Content

May 25, 2013
Mike Hicks
Among economists of all stripes, it is well understood that international trade increases wealth, reduces poverty and generally makes everyone better off in the long run. The only real question is whether the total economic benefits are immediately realized or take just a few years to mature.
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Hicks: Firing of Heritage researcher shows cowardiceRestricted Content

May 18, 2013
Mike Hicks
A recent study by the Heritage Foundation, a conservative think tank, sheds a great deal of light on the sausage mill of policy research, and the courage and integrity of the process of policy research altogether.
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Hicks: Root cause of suffering labor market elusiveRestricted Content

May 11, 2013
Mike Hicks
At the beginning of the Great Recession, in December 2007, there were more than 26 full-time workers for each part-time employee looking for full-time work. By June 2009, that number had shrunk to less than 15 full-time workers for each part-timer. There it has remained.
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Hicks: The real cause of brain drain? Quality of lifeRestricted Content

May 4, 2013
Mike Hicks
Brain drain is a genuine problem in Indiana. But instead of slowing this trend, our higher education financing policies accelerate this problem by pushing more students into majors that are in demand elsewhere.
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Hicks: Fiscal prudence should be rewarded by tax cutsRestricted Content

April 27, 2013
Mike Hicks
Indiana enjoys what economists call a “structural surplus” in state tax revenue. This means the several-hundred-million-dollar surplus is a permanent affair when viewed against current expenditures. It would be astonishing if this did not lead to calls for a tax cut, and so it has.
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Hicks: Terror won't bring down a determined nationRestricted Content

April 20, 2013
Mike Hicks
Along with the sadness and anger that accompanies the Boston bomb explosions should come the realization that this could well be our lot for decades to come. We should expect and prepare for the worst.
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Hicks: Bourgeois dignity and the modern worldRestricted Content

April 13, 2013
Mike Hicks
A most remarkable book, “Bourgeois Dignity: Why Economics Can’t Explain the Modern World,”, says all the explanations of the explosion of economic growth that occurred about 300 years ago are inadequate.
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