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Two Key Economic Lessons in One BillHoosiers face trade-offs and opportunity costs in the wake of SEA1.

Time to Fix Economic Development PolicyAllocating tax dollars to land development won’t cause economic growth.

The Unanticipated Effects of SB1Businesses, governments and households may all feel the effects.

The Stupidest of PoliciesThis whipsawing of tariff rates has unnerved financial markets, which on Wednesday, were toying with a liquidity crisis.

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CBER Weekly Commentaries - 2019

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January 6, 2019 Brookings Study Paints Grim Picture of Indiana’s Workforce Investment FocusWe are focusing our workforce spending towards yesterday’s jobs and doing little to prepare workers for the skills needed to enter the careers of the future.
January 13, 2019 Factory Jobs Are Changing FastSummary: Productivity and education demands greatly affect factory employment.
January 20, 2019 Indiana’s Labor Markets Aren’t Ready for a RecessionThe long-term effect of a recession is mostly determined by the labor market response of businesses.
January 27, 2019 Local Newspapers Are Key in Reporting CorruptionResearch suggests that newspaper closures lead to higher costs of local government borrowing.
February 3, 2019 Another Brookings Study Marks Indiana “at Risk”Hoosier workforce and education policies have increased our vulnerability to job losses.
February 10, 2019 Monopoly Isn’t Just a Game AnymoreMarkets don’t always work perfectly, but they work well when competitive.
February 17, 2019 Housing Demand in Indiana’s CommunitiesThe traditional economic factors of supply and demand explain nearly all new home construction in Indiana’s counties.
February 24, 2019 Poor Policy Has Weakened Indiana’s EconomyA return “to trend” is not good news for Indiana.
March 3, 2019 Some Unpleasant News on Education Spending PrioritiesThe State of Indiana funds K-12 education, and school boards pay teachers.
March 10, 2019 Lessons Learned from an Economics ConferenceI found two elements very intriguing, and worth sharing in this column.
March 17, 2019 Beware Panacea for Economic GrowthAs a stand-alone feature of economic growth, only human capital matters.
March 24, 2019 A Frank Column on Education, Subsidies and PayWe should be very careful about promoting job training in careers that offer low wages.
March 31, 2019 MMT and Modern Supply-Side Economics Are Both NonsenseThese theories are a political panacea.
April 7, 2019 Diverging Regional EconomiesThe places that are most eager to attract new factories are far less likely to get them.
April 14, 2019 We Need to Send 10,000 More Hoosier Kids to College Next YearIf only 20 percent of the gains of higher education are due to actual learning or acquired skills, it may still be the best investment our state and local governments can make.
April 21, 2019 Casino Bill is About Taxes, Not JobsCasinos do not create jobs; they simply move employees from one business to another.
April 28, 2019 Immigration Was the Bright Spot in the 2018 Indiana Population DataOnly 15 of Indiana’s 92 counties grew faster than the nation as a whole.
May 5, 2019 Data on Productivity Sends an Ominous Warning to Indiana’s EconomyThe slowdown in GDP growth since the Great Recession is a puzzle with many potential causes.
May 12, 2019 Taking Seriously a Socialist CritiqueWhat part of criticism of our market economy is right, and what should we do about it?
May 19, 2019 Our New Immigration StudyNew immigrants in Indiana should be especially welcomed.
May 26, 2019 Honoring Our War Dead Demands Honoring the ConstitutionThe experiences of military service draw out the best and worst in soldiers.
May 30, 2019 Our ‘Business-Centric’ Model Is Wrong and HurtfulMistaking the economy of a nation or region as one giant company can lead to deep policy mistakes.
June 9, 2019 Recession Looking More LikelyBeyond employment and wages, other data indicate trouble ahead.
June 16, 2019 My Talk to School SuperintendentsFuture job skills are likely to demand more fundamental learning.
June 23, 2019 Low Cost of Living Probably Means Low-Valued CommunityThe value of two identical homes will vary by as much as 25 percent given the quality of the local schools.
June 30, 2019 Erasing College Debt Is an Astonishingly Bad IdeaTo expand college access, we need to make it less expensive up front, which requires more public investment at the front end of the college experience.
July 7, 2019 Independence Day ReflectionsPersonal liberty in the US has broadly expanded in both breadth and depth.
July 14, 2019 Economic Research Points the Way for Different Education PolicyThis column is part of my effort to draw out two or three critical lessons from the last two or three decades and tie them to state policies.
July 21, 2019 Remembering Apollo 11I remember clearly the night of the landing, the grainy images on a small black and white TV, and the suited newscaster.
July 28, 2019 The Trade War Is Slowing Our EconomyEconomic performance has slowed domestically and abroad.
August 4, 2019 Indianapolis’ Wise Move on Tax Incentives Is Only a Start The problem facing America’s heartland cities is not really a shortage of good jobs, but a shortage of effectively skilled and educated workers.
August 11, 2019 Trade and the Division of LaborThe elemental essence of human interaction is trade.
August 18, 2019 Disdain for Voters at Root of Tax IncentivesTax incentives come at the expense of local taxpayers and taxing units.
August 25, 2019 Lessons Learned from an Economic Development DebacleModern factories with emissions don’t belong near populated places.
September 1, 2019 Ideas, Not Labor or Capital, Made Our Modern EconomyThe focus of economic growth research in the last 40 years has been almost wholly about human capital and the power of ideas.
September 8, 2019 The Costs of Natural DisastersNatural disasters impose costs on society, businesses, households and government.
September 15, 2019 Causes of a Possible RecessionEconomic shocks cause recessions.
September 22, 2019 The Fed’s Role in Uncertain TimesIn 1947, Congress directed the Federal Reserve to keep both unemployment and inflation low.
September 29, 2019 Indiana Has a Hospital Monopoly ProblemThe most profitable industry in our state pays no property tax, no income tax, but overcharges schools, city and county governments for healthcare.
October 6, 2019 Fixing Our Hospital Monopoly ProblemWe have a serious hospital monopoly problem in need of immediate attention.
October 13, 2019 What Can Economic Development Research Do for Your Community?Nearly 70 million Americans live in counties that are losing population.
October 20, 2019 Automation Risk, Trade Risk, and Public Policy We have 6 million fewer factory jobs since 1969.
October 27, 2019 Indiana’s Human Capital Policies Are Causing Brain Drain and Weakening Our EconomyThe nation may not slip into recession, but Indiana now has.
November 3, 2019 Monopsony Problems Get Hearing in CongressSummary: Firms mistake the presence of monopsony power for a labor shortage.
November 10, 2019 A Reunion of VeteransIt is no secret that military service in the U.S. has long been a family business.
November 17, 2019 Beware Claims of a Golden Age in Our EconomyWe cannot go back, and are naïve to want to do so.
November 25, 2019 Time for an Education Tax IncreaseNothing predicts the income of a region better than the average education of its citizens.
December 1, 2019 Economic Policies Stuck in the 1960sToday, we have fewer of the ‘footloose’ jobs and more of the ‘non-footloose’ jobs that depend on local sales.
December 8, 2019 The Recovery Has Not Been Kind to IndianaIndiana should have enjoyed a far more robust economic recovery.
December 15, 2019 Slow Growth, but Not a Recession in 2020In thinking about our current economy, it is important to discuss the current policy environment.
December 22, 2019 Yes, Virginia, There Is a Hospital Monopoly Problem in IndianaThe typical Hoosier is spending $746 per year more on healthcare than they should be.
December 29, 2019 What Does Consumer Spending Do for Our Economy?Consumer spending is simply a measure of demand.

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