Economic Analysis

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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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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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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