AIER educates people on the value of personal freedom, free enterprise, property rights, limited government and sound money. @thedailyeconomy @FUSIONaier
Great Barrington, MA
Joined May 2009
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@DrSamuelGregg discusses commercial virtues and a flourishing society
"One of the things that Smith says is that paradoxically enough, without people intending it to be the case, a flourishing commercial society relies upon and encourages people to pursue these commercial virtues, these classical virtues, as well as these virtues of benevolence. So in that sense, the improvement that comes about in a commercial society... it's not just economic advancement. Economic advancement and growth is indispensable. But he says that part of the genius of this new civilized commercial society that's coming into being is that it allows these higher forms of improvement in the way that people think about themselves, the way they think about the world, and the way they choose and act in their daily lives."
Buy it on Amazon: amazon.com/dp/1641775300
American Institute for Economic Research retweeted
In @Econlib, @Reinsch84 pens a thorough review of my @EncounterBooks THE CIVILIZATION OF COMMERCE.
"Gregg observes that much of the case for understanding commercial civilization turns on what leading Scottish thinkers identified in their developing society in the eighteenth century." 1/3
Has America lost its manufacturing know-how? @DrPaulMueller puts the question to economic historian @PhilWMagness, who says it misses how modern goods are made.
The silicon, the chip, the assembly and the software in one computer can come from 60 or 70 countries. Even when the factory was in the United States, the parts came from all over the world.
Full conversation below.
Are Tariffs as Bad as Economists Say? They’re Worse.
Are the President's tariffs protecting American industry, or making the economy less efficient and more vulnerable to political favoritism? On this episode of The Economist Next Door, host @DrPaulMueller sits down with AIER Senior Fellow @Dave_Hebert and @Philmagness of the Independent Institute to examine the economic and political costs of protectionism. They discuss the shifting landscape of Trump's tariff policy, the realities of American manufacturing, the Jones Act, rare earth minerals, and the case for free trade. They also explore how tariffs create opportunities for cronyism, entrench special interests, and distort markets, often in ways that outlast the policies that created them.
Gen Z is just reckless. Wait… or is it rational?
AIER Research Fellow @DrJeffDegner explains why so many young people are turning to sports betting, and who really ends up winning.
Jeffery L. Degner, Research Fellow, American Institute for Economic Research aier.org/people/jeffery-l-de…
Peter C. Earle (@peter_c_earle ) of AIER on what big fortunes are really made of (factories, equipment, property and ideas, not cash in a vault) and what a wealth tax does to the savings and capital that make workers more productive.
The full conversation on Qualified Opinions with Véronique de Rugy (@veroderugy) is below.
In the new episode of Qualified Opinions, @veroderugy speaks with @Dave_Hebert, @Econ_Goggles, and @peter_c_earle about Trump, a national wealth tax, and the push to rename everything.
podcasts.apple.com/us/podcas…
American Institute for Economic Research retweeted
I'm in Washington, D.C. this week giving a policy brief on the consequences of federal deficits and debt.
In the fiscal year that just ended, the federal government ran a deficit of nearly $2 trillion, which is about $5,800 for every American.
How do debt and deficits impact average Americans?
1. Interest costs are crowding out everything else. Washington paid more than $1.3 trillion in interest on the debt last year, roughly $4,000 per person, and that's money not going to roads, research, defense, or tax relief.
2. Borrowing costs ripple into daily life. Heavy government borrowing can push up interest rates, which shows up in mortgages, car loans, credit cards, and what small businesses pay to grow.
3. Less room to respond to the next crisis. With debt now above $40 trillion, we have less fiscal cushion for the next recession, pandemic, or emergency.
4. Today's deficits impact future choices between higher taxes, spending cuts, or more borrowing, and younger Americans carry most of that obligation.
Looking forward to good conversations this week about how we change course. How do you suggest we get our fiscal house in order?
#FiscalPolicy #NationalDebt #PublicPolicy #Economy
Are the President's tariffs protecting American industry, or making the economy less efficient and more vulnerable to political favoritism?
On this episode of The Economist Next Door, host
@DrPaulMueller sits down with AIER Senior Fellow @Dave_Hebert and @Philmagness of the Independent Institute to examine the economic and political costs of protectionism. They discuss the shifting landscape of Trump's tariff policy, the realities of American manufacturing, the Jones Act, rare earth minerals, and the case for free trade. They also explore how tariffs create opportunities for cronyism, entrench special interests, and distort markets, often in ways that outlast the policies that created them.
Listen to the full conversation below.
Are Tariffs as Bad as Economists Say? They’re Worse.
Are the President's tariffs protecting American industry, or making the economy less efficient and more vulnerable to political favoritism? On this episode of The Economist Next Door, host @DrPaulMueller sits down with AIER Senior Fellow @Dave_Hebert and @Philmagness of the Independent Institute to examine the economic and political costs of protectionism. They discuss the shifting landscape of Trump's tariff policy, the realities of American manufacturing, the Jones Act, rare earth minerals, and the case for free trade. They also explore how tariffs create opportunities for cronyism, entrench special interests, and distort markets, often in ways that outlast the policies that created them.
What’s really behind the price of Thanksgiving dinner? From turkey and stuffing to the pumpkin pie on your table, the cost of holiday traditions offers a revealing look at the broader economy.
Join AIER’s Peter C. Earle (@peter_c_earle) for a timely discussion of the 2026 Thanksgiving Cost Index, exploring how inflation, supply chains, government policy, and changing consumer habits shape the prices Americans pay. We’ll look at what’s getting more expensive, where prices are easing, and what your Thanksgiving grocery bill can tell us about the state of the economy.
Attendees will get an exclusive first look at AIER’s 2026 Thanksgiving Cost Index. The discussion will conclude with a live Q&A.
November 24, 7:00–8:00 pm ET. Can’t join us live? The webinar will be recorded, and all registrants will receive a copy of the recording.
Register now: aier.org/event/the-economics…
American Institute for Economic Research retweeted
Three great scholars.
Are Tariffs as Bad as Economists Say? They’re Worse.
Are the President's tariffs protecting American industry, or making the economy less efficient and more vulnerable to political favoritism? On this episode of The Economist Next Door, host @DrPaulMueller sits down with AIER Senior Fellow @Dave_Hebert and @Philmagness of the Independent Institute to examine the economic and political costs of protectionism. They discuss the shifting landscape of Trump's tariff policy, the realities of American manufacturing, the Jones Act, rare earth minerals, and the case for free trade. They also explore how tariffs create opportunities for cronyism, entrench special interests, and distort markets, often in ways that outlast the policies that created them.
American Institute for Economic Research retweeted
Just picked up my copy of this delicious new book from @DrSamuelGregg, who may be the leading natural law advocate of free markets in the Western world today.
American Institute for Economic Research retweeted
In @aier @thedailyeconomy, I discuss Benjamin Jaros @HooverInst & @joshrauh's excellent analysis of the #California wealth tax.
thedailyeconomy.org/article/…
ALT California’s income tax changes provide a cautionary tale. In 2012, voters approved Proposition 30, an increase on the existing 9.3 percent personal income tax rates on higher incomes through the end of 2018. These temporary increases were then extended through 2030, when voters approved Proposition 55 in 2016. Once government spending has been promised, it is tempting for policymakers to turn “one time” into “one more time.”
American Institute for Economic Research retweeted
Many thanks @CafeHayek for these generous words about my new @EncounterBooks THE CIVILIZATION OF COMMERCE and the citation from the book (available at @amazon) 1/2
cafehayek.com/2026/10/some-l…
What is liberty and how do we make the case for it?
At AIER’s Defending Classical Liberalism colloquium, students and scholars worked through foundational ideas from Locke, Smith, and others, then carried those ideas into conversations about economic thinking, trade, real-world applications, and the future of the classical liberal tradition.
The week was built around lectures and discussion, with plenty of room to question, challenge, and refine ideas together.
The best seminars don’t end with all the answers, they leave you with better questions.
“While manufacturing employment has fallen steadily, output has grown.”
American factories aren’t dying. US manufacturing output hit an all-time record of more than $2 trillion a year. We make more than ever, with fewer workers, because each worker produces far more.
In “The Errors of Economic Nationalism” (AIER Papers), @DrPaulMueller looks at what the evidence really says about tariffs, subsidies and handpicked industries, and at why bad policy at home, not trade, is behind most of the struggles.
Read the paper: aier.org/article/the-errors-…
China vs. the US: Who Really Makes More?
Are the President's tariffs protecting American industry, or making the economy less efficient and more vulnerable to political favoritism? On this episode of The Economist Next Door, host
@DrPaulMueller sits down with AIER Senior Fellow
@Dave_Hebert and @Philmagness of the Independent Institute to examine the economic and political costs of protectionism.
They discuss the shifting landscape of Trump's tariff policy, the realities of American manufacturing, the Jones Act, rare earth minerals, and the case for free trade. They also explore how tariffs create opportunities for cronyism, entrench special interests, and distort markets, often in ways that outlast the policies that created them.
Listen to the full conversation below.
Are Tariffs as Bad as Economists Say? They’re Worse.
Are the President's tariffs protecting American industry, or making the economy less efficient and more vulnerable to political favoritism? On this episode of The Economist Next Door, host @DrPaulMueller sits down with AIER Senior Fellow @Dave_Hebert and @Philmagness of the Independent Institute to examine the economic and political costs of protectionism. They discuss the shifting landscape of Trump's tariff policy, the realities of American manufacturing, the Jones Act, rare earth minerals, and the case for free trade. They also explore how tariffs create opportunities for cronyism, entrench special interests, and distort markets, often in ways that outlast the policies that created them.
Are Tariffs as Bad as Economists Say? They’re Worse.
Are the President's tariffs protecting American industry, or making the economy less efficient and more vulnerable to political favoritism? On this episode of The Economist Next Door, host @DrPaulMueller sits down with AIER Senior Fellow @Dave_Hebert and @Philmagness of the Independent Institute to examine the economic and political costs of protectionism. They discuss the shifting landscape of Trump's tariff policy, the realities of American manufacturing, the Jones Act, rare earth minerals, and the case for free trade. They also explore how tariffs create opportunities for cronyism, entrench special interests, and distort markets, often in ways that outlast the policies that created them.
American Institute for Economic Research retweeted
My latest at @aier.
The economy is still growing, but weak housing demand, slowing hiring, and renewed inflation pressures suggest a difficult balancing act ahead.
cc: @peter_c_earle
thedailyeconomy.org/article/…
"Edward C. Harwood took the government to task before it was cool." Our founder, in @NRO, by Daniel J. Flynn: nationalreview.com/2026/10/t…
