U.S. economic growth in the second quarter is predicted to be far weaker than previously expected and it will prevent the pace of annual growth from exceeding last year's 2.4 percent, according to a forecast by a group of U.S. business economists.
At least since the time of Adam Smith, economists have recognized that specialization and trade are the keys to prosperity. And at least since that time, economists have had a hard time explaining why this is true.
Innovation is capitalism. Only under capitalism does innovation flourish.
Hoosiers should be sensitive to outside criticism. But it is also possible to be oversensitive to outside criticism and to overreact. That can’t be good for our image.
We’ve fought a 50-year War on Poverty with a cornucopia of public dollars. Poverty is winning.
We never thought we’d toss a bouquet to Bernie Sanders, the socialist senator from Vermont and recently declared Democratic presidential candidate. But he has one thing right: The Export-Import Bank should be abolished.
“Negative real interest rates are impossible.” That’s econ-speak for the simple idea that you have to be nuts to pay someone to borrow money from you. Styring would have to be smoking a controlled substance to lend Bohanon $100 on his promise to pay back $99.75 a year from now. He’s better off just stashing […]
All of us want better schools for our kids. But beware of how to get there. More money isn’t the answer.
One big hurdle remains before our legislators can leave by their April 29 deadline: the two-year state budget. As is so often the case, the main budget item up in the air is the school formula, the complex calculations that determine how much money each district receives from the state.
Economic actors are constantly bringing supply and demand into balance, although they are rarely aware of this. However, responding to market incentives tends to undermine discrimination.
One piece of legislation must pass before we can wave the General Assembly bye-bye: the budget.
The widely publicized unemployment rate is one of those chameleon numbers, where apparent good is sometimes bad, and vice versa. All is not always what it seems when you peek behind the wizard’s curtain.
If you indulge in other forms of gambling from time to time, “bracketology” is the smartest bet you’ll ever make. And, you might become a criminal.
What criteria is the public official supposed to use when she is forcing taxpayers to support a private venture? The government’s ability to support private enterprise is limited.
House Enrolled Act 1019, a bill to repeal the wage, is what gives. Few Statehouse junkies thought it would be an issue this time around. But the bill has passed the House and stands a chance of becoming law.
Tax increment financing is sold by supporters as the closest thing to a free lunch mankind ever invented. We differ.
Demand for petroleum products has stagnated because the global economy slowed. Supply, primarily driven by U.S. shale oil, has soared.
Despite claims that the job market is unambiguously happy, there is real evidence of deepening problems.
Richard Florida’s writings popularized the notion of a “creative class” of workers, arguing that the workers held the key to a region’s prosperity and that the policies that attracted them would offer economic salvation.
The regulation of alcoholic beverages in Indiana contains a vast web of laws that apply differently to different types of businesses. Over the past 80 years, firms across Indiana have in good faith made investment and location decisions based upon these laws.
