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The Quiet Ban on Physician-Owned Hospitals
In most sectors of the American economy, we celebrate the moment when insiders break away to build something better. Engineers start their own firms. Chefs open their own restaurants. Innovators leave incumbents and test…
Did The Shutdown Cause A Recession? What Trump’s Second Term Approval And Consumer Confidence Show.
By Robert Romano On Oct. 1, Senate Democrats refused to approve a continuing resolution to keep the government open and then set the record for the longest government shutdown in history of 43 days when it ended on Nov. 12.…
Business Conditions Monthly September 2025: Data Blackout
The longest federal shutdown in US history has created deep gaps in the flow of economic data, preventing calculation of the Business Conditions Monthly indices. Most BCM components depend on federal statistical agencies,…
Regulating Yesterday’s Market: When Innovation Moves Faster Than the Law
Can regulation work when a market changes faster than a case can be litigated?The Justice Department filed its antitrust case against Google in 2020. By the time Judge Amit Mehta issued his ruling in 2024, AI large-language…
AIER’s Thanksgiving Index Near All-Time High: Costs Rise Again As Inflation Persists
The 2025 Thanksgiving season arrives with an unwelcome development: after last year’s brief and much-needed period of easing in several Thanksgiving staples, prices have begun to tick back up. As of September 2025, the AIER…
The Gold Standard, Explained
This explainer will outline what the gold standard was, how it operated, the benefits and criticisms surrounding it, and how its rise and eventual collapse shaped the global monetary system.
America’s Next Industrial Geography: Wherever the Power Is Cheap
On Capitol Hill this week, five Democratic senators accused the Trump administration of “sweetheart deals with Big Tech” that have “driven up power bills for ordinary Americans.” Their letter, addressed to the White House,…
The Fed Doesn’t Determine the Price of Credit. Markets Do
Recent movements in short-term loan markets are a timely reminder of a forgotten truth: the Federal Reserve is not the master of credit conditions. It can influence interest rates, but it cannot dictate them. Interest rates…
President Trump Did The Impossible With Securing The Border As Southwest Border Illegal Encounters Hit 50-Year-Low
By Manzanita Miller President Donald Trump’s overall approval rating took a hit this month, but one area where the President’s efforts have paid off already is his massive turnaround of the illegal immigration crisis. With…
COP-30 Misses the Point: Give Indigenous People Ownership, Not Handouts
Central planners just can’t help themselves. They feel obligated to solve the world’s problems. Consider this year’s Orwellianly-named “Conference of the Parties” (COP-30), the thirtieth annual climate conference sponsored by…
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