Economic Analysis

HICKS: Major sea change about the debt under wayRestricted Content

March 30, 2013
Mike Hicks
A public fight has emerged among economists over the past few weeks, which likely spells major policy changes over the coming years.
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HICKS: Still too early to call Iraq war success or failureRestricted Content

March 23, 2013
Mike Hicks
The 10th anniversary of the start of the second Iraq war is an opportunity to reflect upon the economics of the conflict.
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HICKS: Recent economic data hold little good newsRestricted Content

March 16, 2013
Mike Hicks
Most government statistics are preliminary releases, intended to be revised, so they provide a poor picture even to someone with clear context on their meaning.
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HICKS: Economy will get worse before it gets betterRestricted Content

March 9, 2013
Mike Hicks
The dramatic reintroduction of payroll taxes makes this year’s tax increase most injurious to the working poor and the lower-to-middle-income families.
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HICKS: Economic evolution requires ongoing flexibilityRestricted Content

March 2, 2013
Mike Hicks
I am often asked some version of the question, “Can we really survive becoming a service economy—won’t our loss of manufacturing jobs spell doom for our country?” The answer is, “No.”
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HICKS: Stagnant pay for low-wage workers a problemRestricted Content

February 23, 2013
Mike Hicks
Hidden within the unserious politics of the minimum-wage debate lies an important discussion of why many workers have not seen their wages grow over the past generation. It simply takes some digging.
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HICKS: Let's try a $25 minimum wage to end povertyRestricted Content

February 16, 2013
Mike Hicks
As the president noted, no one should doubt that raising a family while earning minimum wage is a hard business; perhaps that is why almost nobody does it.
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HICKS: Why stock prices rise in a shaky economyRestricted Content

February 9, 2013
Mike Hicks
The stock market highs over the past few months have many folks confused.
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HICKS: You can stop wondering ... the recession is hereRestricted Content

February 2, 2013
Mike Hicks
Sometimes the worst part of the economic forecasting I do is the sinking feeling that my predictions will be right.
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HICKS: Middle class, education and income inequalityRestricted Content

January 26, 2013
Mike Hicks
The United States has always had something like a middle class, but for most of our history it has been a distinction not necessarily dependent on income or wealth.
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HICKS: Leaders steer us toward government shutdownRestricted Content

January 19, 2013
Mike Hicks
We appear to be headed for a government shutdown as our leaders in Washington, D.C., find themselves at an impasse on the largest question facing the nation: how to cut spending.
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HICKS: Why is the unemployment rate still so high?Restricted Content

January 12, 2013
Mike Hicks
The Great Recession wasn’t caused by a housing market collapse; it was more than that. Our economic unwinding required lots of failures.
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HICKS: More budget failures despite missed cliffRestricted Content

January 5, 2013
Mike Hicks
It was clear the poison pill of the fiscal cliff required too much courage for our “leaders” in Washington. So, we will have what, at first blush, appears to be the worst possible compromise.
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HICKS: Time to take stock of Mitch Daniels' tenureRestricted Content

December 29, 2012
Mike Hicks
No matter your politics, you must admit that Mitch Daniels has been the most consequential Hoosier governor in more than a lifetime.
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HICKS: Let's all maximize utility over the holidaysRestricted Content

December 22, 2012
Mike Hicks
The vintage and durability of classic Christmas songs carry an important economic lesson for our times.
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HICKS: Economic forecasts entertaining, but usually wrongRestricted Content

December 15, 2012
Mike Hicks
This is the season of economic forecasts, for which there are many uses beyond their pure entertainment value.
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HICKS: Perhaps it is time for Americans to pay our debtsRestricted Content

December 8, 2012
Mike Hicks
Our republic can—and probably should—run a debt. As a great nation, we build and do things that endure, and these should be paid for, in part, by successive generations.
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HICKS: Demagoguery and the truth about taxesRestricted Content

December 1, 2012
Mike Hicks
The popular media lately has been full of astonishing piffle with regard to taxation—so much so that a reasonably smart listener might suppose there was some magnificent disagreement among economists, like there is among lawyers in a court case. That is not the case.
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HICKS: 'Scooby Snacks' and the great American giveawayRestricted Content

November 24, 2012
Mike Hicks
It would be surprising if we could not today identify a good many folks who rely on government largesse in lieu of hard work.
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HICKS: Thelma and Louise approach the fiscal cliffRestricted Content

November 17, 2012
Mike Hicks
Reaching an agreement on our budget deficit requires one or both sides to concede central parts of their arguments.
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HICKS: Inspired leader needed to survive next big crisisRestricted Content

November 10, 2012
Mike Hicks
The potential for widespread municipal bankruptcies and the effective bankruptcy of as many as a dozen states will present historic difficulties for the nation, and much will depend on effective leadership from the president.
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HICKS: The problems with polling and predictionsRestricted Content

November 3, 2012
Mike Hicks
Just days before a presidential election, there’s no doubt we will be bombarded with poll results and election models designed to predict winners and losers. It is useful to explain how these work without technical jargon.
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HICKS: Some additional clarity on gender and payRestricted Content

October 27, 2012
Mike Hicks
The facts by themselves offer no cause or understanding of the issue, much less an explanation of potential policy interventions.
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HICKS: Is family composition an economic issue?Restricted Content

October 20, 2012
Mike Hicks
The proximal causes of poverty—dropping out of school (one in five kids) and single parenthood (two in five kids)—are best described as failures of families.
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HICKS: No lying, just bad news, in U.S. job numbersRestricted Content

October 13, 2012
Mike Hicks
Let me dispel the myth of a conspiracy to rig unemployment numbers. I have two reasons to know these data are not contrived.
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