Economic Analysis

HICKS: Monetary policy for our times may involve trade-offsRestricted Content

December 10, 2011
Mike Hicks
This 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.
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HICKS: Black Friday feeds commercialization illusionRestricted Content

December 3, 2011
Mike Hicks
Thanksgiving 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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HICKS: National debt makes long-term challenges clearRestricted Content

November 26, 2011
Mike Hicks
We 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.
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HICKS: Penn State abuse case offers lessons for us allRestricted Content

November 19, 2011
Mike Hicks
The 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.
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HICKS: Schools, taxes, services on voters' radarRestricted Content

November 12, 2011
Mike Hicks
It is easy to make promises while campaigning—and quite another thing to carry them out when confronted with the fullness of fact.
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HICKS: Schools and leadership keys to community growthRestricted Content

November 5, 2011
Mike Hicks
Fixing 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.
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HICKS: Lessons in macabre taxes and ghastly fiscal policyRestricted Content

October 29, 2011
Mike Hicks
Halloween 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.
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HICKS: Human capital, income inequality and our futureRestricted Content

October 22, 2011
Mike Hicks
Since at least the 1960s, economists have been warning that the link between human capital and economic growth was growing.
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HICKS: Is the Occupy Indianapolis crowd on to something?Restricted Content

October 15, 2011
Mike Hicks
There’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.
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HICKS: Competing theories agree on nation's economic woesRestricted Content

October 8, 2011
Mike Hicks
Both 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.
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HICKS: Some long-dead economists worth a listenRestricted Content

October 1, 2011
Mike Hicks
It 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.
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HICKS: Defining and understanding poverty in AmericaRestricted Content

September 24, 2011
Mike Hicks
How much poverty we have and how bad it is remain elusive questions. The causes of poverty are better known.
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HICKS: Efficacy of the American Jobs Act questionableRestricted Content

September 17, 2011
Mike Hicks
In 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.
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HICKS: A solemn reminder of the value of shared sacrificeRestricted Content

September 10, 2011
Mike Hicks
On 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.
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HICKS: Lessons to glean from Keystone Towers demolitionRestricted Content

September 3, 2011
Mike Hicks
The 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.
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HICKS: High taxes are myth, not America's problemRestricted Content

August 27, 2011
Mike Hicks
In too many places, government does things the private sector does better and cheaper.
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HICKS: Vouchers could help fix what's ailing Indiana schoolsRestricted Content

August 20, 2011
Mike Hicks
The real purpose of vouchers was to add incentives for public schools to improve.
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HICKS: Investors downgrade Standard & Poor's political ployRestricted Content

August 13, 2011
Mike Hicks
There are many reasons to believe the second half of the year will bring a faster-growing economy.
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HICKS: Cuts will come in wake of federal budget dealRestricted Content

August 6, 2011
Mike Hicks
It 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.
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HICKS: Woody Guthrie, Ron Paul and the national debtRestricted Content

July 30, 2011
Mike Hicks
Now, 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.
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HICKS: Ending subsidies good, but won't solve debtRestricted Content

July 23, 2011
Mike Hicks
We currently have an unsustainable budget, and the inevitable increase in borrowing costs is simply a tax on political cowardice on the matter.
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HICKS: Without real cuts, cost of borrowing will riseRestricted Content

July 9, 2011
Mike Hicks
What is abundantly clear is that federal spending is much higher than is currently sustainable.
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HICKS: Founding document holds lessons for todayRestricted Content

July 2, 2011
Mike Hicks
The Declaration of Independence has some key tenets that bear mentioning in these times.
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HICKS: Jobless compensation and the incentive to workRestricted Content

June 25, 2011
Mike Hicks
In essence, the body of research tells us that longish periods of unemployment compensation tend to cause longish periods of unemployment.
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HICKS: Absence of fathers has dire economic impactRestricted Content

June 18, 2011
Mike Hicks
Poverty in America is overwhelmingly caused by two things: failing to graduate from high school and single parenting.
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