Economic Analysis

HICKS: College diplomas are worthless, but education pricelessRestricted Content

August 18, 2012
Mike Hicks
This week, students are arriving at my university and others. I believe this is a good time to say something both provocative and nuanced: A college diploma is virtually worthless.
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HICKS: All this clucking over chicken reveals fallaciesRestricted Content

August 11, 2012
Mike Hicks
The hullabaloo over gay marriage and Chick-fil-A exposes three astonishing falsehoods of modern political economy that distract us from weightier issues.
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HICKS: Reflecting on a half century of economic growthRestricted Content

August 4, 2012
Mike Hicks
This summer marks the 50th year of Walmart, America’s manned space exploration and—youthful appearances notwithstanding—your columnist.
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HICKS: Short-term fixes unlikely to ease downturnRestricted Content

July 28, 2012
Mike Hicks
Almost all the economic forecasts that appear monthly or quarterly have been revised downward, some for the third time. And the smallest tidbit of good news dominates the news cycles without moving financial markets
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HICKS: Job creation, destruction not mutually exclusiveRestricted Content

July 21, 2012
Mike Hicks
I am always saddened and more than a bit disappointed when I hear politicians promise to create jobs.
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HICKS: To tax or spend? That is the question for governmentRestricted Content

July 14, 2012
Mike Hicks
There is a great (and vituperative) disagreement on government’s role in stabilizing a recession.
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HICKS: Smart cuts won't hit all government workersRestricted Content

July 7, 2012
Mike Hicks
Few governments, and none in Indiana, can now afford to continue doing things the private sector does.
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HICKS: EU crisis makes bad U.S. job market look goodRestricted Content

June 30, 2012
Mike Hicks
Make no mistake: 150,000 new jobs ain’t good news.
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HICKS: Here's hoping for taxes for all Americans in 2013Restricted Content

June 23, 2012
Mike Hicks
I believe we ought to raise taxes to finally end the soothing falsehoods that surround our tax policy—especially what are called the Bush tax cuts.
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HICKS: Fathers influence the personal discount rateRestricted Content

June 16, 2012
Mike Hicks
It is quite easy to do things when young and inexperienced that severely limit one’s long-run options.
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HICKS: Failure of public unions is good for countryRestricted Content

June 9, 2012
Mike Hicks
This week’s recall vote in Wisconsin has been heralded by many observers as a forecast of the presidential election. I think they are wrong. It is far more consequential.
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HICKS: UL model could fix financial regulation morassRestricted Content

June 2, 2012
Mike Hicks
We need a compromise that preserves innovation and mitigates the tendency for the sort of moral hazard that fueled the last recession.
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HICKS: Lasting meaningful change requires patience, fortitudeRestricted Content

May 26, 2012
Mike Hicks
This new birth of freedom is the largest in human history, and only a handful of truly totalitarian states still linger today.
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HICKS: Policy choice boils down to austerity or austerityRestricted Content

May 19, 2012
Mike Hicks
The plain reality is clear: Austerity is coming to Europe, either as a planned and thoughtful exercise or through fiscal ruin.
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HICKS: European recession likely to affect U.S. economy, tooRestricted Content

May 12, 2012
Mike Hicks
As disparate facts, the economic conditions in Europe and the United States are disconcerting. Taken together, they are frightening.
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HICKS: Debate rages on about role of Federal ReserveRestricted Content

May 5, 2012
Mike Hicks
The Employment Act of 1946 essentially required the Federal Reserve to do two mutually exclusive things: promote full employment and keep inflation low.
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HICKS: Finding freedom through 'The Hunger Games'Restricted Content

April 28, 2012
Mike Hicks
What has kept me in a three-week state of shock is the message about values our kids are getting from this work.
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HICKS: Spending, debt influence long-run growthRestricted Content

April 21, 2012
Mike Hicks
But it is only during the depths of this type of recession (perhaps two in a lifetime) that the disagreement among economists is so sharp.
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HICKS: Accounting mistakes and local government reformRestricted Content

April 14, 2012
Mike Hicks
The $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.
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HICKS: Some types of unemployment signal progressRestricted Content

April 7, 2012
Mike Hicks
Structural unemployment is a byproduct of healthy technological progress, and those who can learn new skills flourish.
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HICKS: The joke's really on us with Social SecurityRestricted Content

March 31, 2012
Mike Hicks
If treated as a financial investment, Social Security is a really effective way to destroy wealth.
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HICKS: State smoking ban recognizes value of lifeRestricted Content

March 24, 2012
Mike Hicks
The 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?”
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HICKS: Value proposition should drive higher ed debateRestricted Content

March 17, 2012
Mike Hicks
Even with higher tuition, college students are still flocking to campus. The real problem isn’t increasing costs, but uncertain benefits.
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HICKS: Manufacturing industry is alive and wellRestricted Content

March 10, 2012
Mike Hicks
America 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).
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HICKS: Gas prices likely to influence presidential raceRestricted Content

March 3, 2012
Mike Hicks
Late last month, our president gave what was billed as an important speech about gas prices. It was that and more.
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