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Economic Analysis
HICKS: Muncie's budget woes point to a troubled system
June 15, 2009
Mike HicksYhe budget concerns that Muncie and other local governments face are really a circular problem. Taxes got out of hand largely
because of an 18th century system of local government. That same system cannot fix the problem--for it is the problem.
MoreHICKS: Management's complicity with union doomed GM
June 8, 2009
Mike HicksGeneral Motors Corp.'s bankruptcy marked the second-largest commercial failure in modern history. It is an opportunity for
deep reflection.
MoreHICKS: Administration demonized 'investors' in Chrysler deal
June 1, 2009
Mike HicksAlmost one-third of Chrysler's investors are schoolteachers, college administrators, firefighters and police officers. These
"vultures" of Wall Street finance have seen the value of their hard work severely hampered by the Chrysler bankrutcy plan.
MoreHoliday a reminder of the value of public service
May 25, 2009
Mike HicksMany lament the loss of what might be called timeless values. I place these into two categories; both are exemplified and
sustained by military service.
MoreState tourism advertising poses tough question
May 18, 2009
Mike HicksIf Indiana is to be marketed as a region, government will be the one to do it.
MoreEPA policies cannot force economic choices
May 11, 2009
Mike HicksWe are at a critical moment in environmental policy. We suffer a dearth of frankness on the matter that imperils the quality
of our decision-making.
MoreBuild your economy by assessing community
May 4, 2009
Mike HicksHard times present a fitting opportunity for communities to engage in useful self-reflection. In this case, deep thinking
on the regional economy could best be served by focusing on the fundamentals first, not the outcomes.
More'Buy local' offers no protection for bad businesses
April 27, 2009
Mike HicksThese days, the "buy local" crowd seems to have a stronger voice. I am gleeful about this for a variety of reasons,
but it
is helpful to view some of their claims with a bit of skepticism. At least that is what economists should do.
MoreCap and trade could be double-edged sword
April 20, 2009
Mike HicksCap and trade could lead us to a much cleaner, more prosperous future or it could devastate our economy.
MoreThe tax system has fluctuated throughout the ages
April 13, 2009
Mike HicksLet's reflect on the origins of the current income tax system to help understand it better.
MoreClawback provisions won't hurt biz attraction
March 30, 2009
Mike HicksHouse Bill 1338 introduces a change to many (but not all) of our state's tax incentives, adding what is known as a "clawback"
provision, offering a reasonable and fair adjustment to our current tax incentives.
MoreBonus outrage poor excuse for good public policy
March 23, 2009
Mike HicksThe wages paid by a company to its employees are a distinctly private matter.
MoreImproving livability is economic development
March 16, 2009
Mike HicksI am often asked the seemingly simple question, "Just what is economic development?"
MoreAnswer to stimulus formula equals inflation
March 9, 2009
Mike HicksWhen economists worry about the health of the banking system, it is primarily because we are concerned with a stable velocity
of money.
MoreMarket, not bailouts, should stimulate refinancings
March 2, 2009
Mike HicksMarkets, no matter how imperfect, not government programs, manage the economy.
MoreCAFE standards not as effective as gasoline tax
February 23, 2009
Mike HicksThe Obama administration recently reversed a Bush-era policy that prevented states from imposing some of their own environmental
policies with respect to corporate average fuel efficiency, or CAFE, standards.
MoreStimulus just way too big to spend this year
February 16, 2009
Mike HicksAfter much debate, the U.S. House and Senate have come together on a stimulus package. Whether it will work remains to be
seen. And the long-term impact of spending nearly $800 billion is a big concern.
MoreUnemployment data paints worrisome picture
February 9, 2009
Mike HicksThe most recent data on the U.S. economy continues to be worrying, but a little context remains helpful.
MoreProposed fiscal stimulus package has high costs
February 2, 2009
Mike HicksExpeditious and clever spending on roads, infrastructure and, in the half-dozen states where it is possible,
a tax cut will determine the success of the stimulus plan.
More'Sticky prices' help explain reasons behind downturn
January 26, 2009
Mike HicksMany folks have noted that gasoline and food prices have come down more slowly than they rose. Economists call these "sticky
prices," and they are a lot like the extra pounds many of us packed on during the holiday —they come off a lot more
slowly
than they came on.
MoreNew leadership brings hope and challenges
January 19, 2009
Mike HicksGrowing up in the Washington, D.C., area, I always recognized the importance of Inauguration Day. Schools were canceled, and
it was my
younger brother's birthday. A new presidency was always a celebration.
MoreSpeed is critical to success of stimulus plan
January 12, 2009
Mike HicksAll the serious talk in Washington for the next few weeks will center on an economic stimulus package. Up to now, the argument
has been for an extensive (perhaps a $1 trillion) program.
MoreCollege-affordability debate focusing on wrong issues
January 5, 2009
Mike HicksCollege affordability has gained a lot of attention over the past few years, but I am not sure that the simple focus on costs
is the right way to think about the
problem.
MoreUAW in tough spot as automakers seek concessions
December 29, 2008
Mike HicksA federal bailout for automakers Chrysler and General Motors won't fix their problems. I think a bankruptcy of these companies
is nearly inevitable.
It might also spell the demise of the UAW.
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Doug Henning!
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Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.