Economic Analysis

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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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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