American Institute for Economic Research

“Rather than consider whether the Fed should stimulate growth, we should recognize that its primary task is to prevent over- and under-production.” ~ William J. Luther

“Traditionally, NBER calls recessions and other phases of business cycles, but only retrospectively, and mostly just for scholars. Nobody actually involved in trading securities or making policy waits for its decisions and voters certainly won’t.” ~ Robert E. Wright

“Chasing after sensational headlines predicting doom and gloom do us a disservice. It hides the progress we have made historically and prevents us from using this history to guide public discussions.” ~ Vincent Geloso

“As stated by Thomas Sowell, in Wealth, Poverty, and Politics, ‘Transferring the fruits of human capital is not as fundamental as spreading the human capital itself.'” ~ Kimberlee Josephson

Given that protectionism violates the central purpose of any government, which is to benefit all its citizens, it replaces the justice of voluntary arrangements with the injustice imposed by involuntary arrangements.