Economic Analysis

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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HICKS: Upcoming election to influence corporate tax cutsRestricted Content

February 25, 2012
Mike Hicks
Obama’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.
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HICKS: Imperfect markets influence economic growthRestricted Content

February 18, 2012
Mike Hicks
Markets rule supreme, but they also work imperfectly and will do so as long as humans themselves remain imperfect.
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HICKS: It's time for labor unions to make some changesRestricted Content

February 11, 2012
Mike Hicks
How is it, I wonder, that an employment contract between willing parties could get to the point where either side is viewed as an enemy?
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HICKS: Field research sheds light on Super Bowl impactRestricted Content

February 4, 2012
Mike Hicks
My two sons and I headed to Indianapolis’ Super Bowl Village recently for some field research.
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HICKS: State of the Union chock full of wistful visionsRestricted Content

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.
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HICKS: Measuring intangibles part of economist's jobRestricted Content

January 21, 2012
Mike Hicks
A 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.
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HICKS: What to expect from right-to-work legislationRestricted Content

January 14, 2012
Mike Hicks
It 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.
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HICKS: Job prospects should factor into student loansRestricted Content

January 7, 2012
Mike Hicks
College 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.
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HICKS: Predictions can be wrong, but analysis valuableRestricted Content

December 31, 2011
Mike Hicks
The 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.
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HICKS: An open letter to an elf from an economistRestricted Content

December 24, 2011
Mike Hicks
Last year, you brought me coal; this year, could you fill my pickup truck with gasoline instead?
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HICKS: Is U.S. economy example of capitalism or free market?Restricted Content

December 17, 2011
Mike Hicks
For 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.
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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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  1. Socialized medicine works great for white people in Scandanavia. It works well in Costa Rica for a population that is partly white and partly mestizo. I don't really see Obamacare as something aimed against whites. I think that is a Republican canard designed to elicit support from white people for republican candidates who don't care about them any more than democrats care about the non-whites they pander to with their phony maneuvers. But what is different between Costa Rica nd the Scandanavian nations on one hand and the US on the other? SIZE. Maybe the US is just too damn big. Maybe it just needs to be divided into smaller self governing pieces like when the old Holy Roman Empire was dismantled. Maybe we are always trying the same set of solutions for different kinds of people as if we were all the same. Oh-- I know-- that is liberal dogma, that we are all the same. Which is the most idiotic American notion going right back to the propaganda of 1776. All men are different and their differences are myriad and that which is different is not equal. The state which pretends men are all the same is going to force men to be the same. That is what America does here, that is what we do in our stupid overseas wars, that is how we destroy true diversity and true difference, and we are all as different groups of folks, feeling the pains of how capitalism is grinding us down into equally insignificant proletarian microconsumers with no other identity whether we like it or not. And the Marxists had this much right about the War of Independence: it was fundamentally a war of capitalist against feudal systems. America has been about big money since day one and whatever gets in the way is crushed. Health care is just another market and Obamacare, to the extent that it Rationalizes and makes more uniform a market which should actually be really different in nature and delivery from place to place-- well that will serve the interests of the biggest capitalist stakeholders in health care which is not Walmart for Gosh Sakes it is the INSURANCE INDUSTRY. CUI BONO Obamacare? The insurance industry. So republicans drop the delusion pro capitalist scales from your eyes this has almost nothing to do with race or "socialism" it has to do mostly with what the INSURANCE INDUSTRY wants to have happen in order to make their lives and profits easier.

  2. Read the article - the reason they can't justify staying is they have too many medicare/medicaid patients and the re-imbursements for transporting these patient is so low.

  3. I would not vote for Bayh if he did run. I also wouldn't vote for Pence. My guess is that Bayh does not have the stomach to oppose persons on the far left or far right. Also, outside of capitalizing on his time as U. S. Senator (and his wife's time as a board member to several companies) I don't know if he is willing to fight for anything. If people who claim to be in the middle walk away from fights with the right and left wing, what are we left with? Extremes. It's probably best for Bayh if he does not have the stomach for the fight but the result is no middle ground.

  4. JK - I meant that the results don't ring true. I also questioned the 10-year-old study because so much in the "health care system" has changed since the study was made. Moreover, it was hard to get to any overall conclusion or observation with the article. But....don't be defensive given my comments; I still think you do the best job of any journalist in the area shedding light and insight on important health care issues.

  5. Probably a good idea he doesn't run. I for one do not want someone who lives in VIRGINIA to be the governor. He gave it some thought, but he likes Virginia too much. What a name I cannot say on this site! The way these people think and operate amuses me.

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