Richard Ebeling featured in the Detroit News:

Fast on the heels of the $700 billion bailout for America's banks and other financial institutions, the U.S. auto industry is now begging, cup in hand, for a similar handout from Washington. Detroit's Big Three probably feel they've earned it, having paid out tens of millions in lobbying costs and campaign contributions in recent years to acquire political friends.

In another instance where an industry is claiming it's "too big to fail," senior executives from General Motors, Ford and Chrysler want the American taxpayer to cough up $50 billion or more to cover the industry's losses.

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Senior Research Fellow Richard Ebeling was quoted in The New York Society of Security Analysts' first issue of The Investment Professional:

Richard Ebeling, PhD, senior fellow at the American Institute for Economic Research, believes neither candidate is facing reality in terms of curtailing entitlement programs, which will be the major engine fueling the budget deficit and spending, in his opinion. ' The deficit means that the government has to borrow money to make up the difference between what it takes in as taxes and what it spends as expenditures for these programs.'

'Where does the borrowed money come from?' he asks. 'It either comes from the savings of private individuals in the United States of it entails our increased reliance on private individuals, companies, and countries abroad. Eventually we'll either have to pay that back or bilk those who have lent the government money.'

Ebeling went on to say:

For free-trade proponents, the issue is clear, as Ebeling sees it. 'Which candidate understands that we are in a global economy? Which sees that borders, while they still remain as lines on a map, are increasingly imporant?' he asks. 'The market boundary is now the world. Do we want to participate in and benefit from this global territory that leaps over and goes under and ignores these artificial political boundary lines? If so, then we need the candidate who is most willing to follow open and competitive trade policies. That candidate will benefit the financial markets and the citizenry as a whole.'

Too much credit and easy money. Those were the biggest culprits behind this financial crisis. Yet, apallingly, the government's rescue attempt is built on more credit and even easier money. That's like giving a procrastinator a deadline extension. By choosing this course, Washington has steered us on to the "road to Weimar" – the road to runaway inflation.

It didn't have to come to this. And it still doesn't. But the proper remedy will take tremendous political courage: Bring back the gold standard. That, more than any byzantine regulations that emerge from the Bretton Woods II conference this weekend, would provide stability and safety for nations and individuals around the world.

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On Thursday, November 13, 2008, AIER hosted the Western Massachusetts Regional Library System's (WMRLS) Annual Meeting. Almost 50 librarians showed up at AIER's beautiful 100+ acre campus.

For more information about holding an event at AIER, please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it , Director of Communications.

Charles Murray, president of the American Institute for Economic Research (AEIR), a nonprofit research and educational organization, said most people have only a vague notion about the total expense of owning and operating personal vehicles.

Yet, "the amount spent could negatively effect educational opportunities and housing quality and could lead to reduced retirement income." he said.

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Americans will spend an average of $320,000 during the course of their driving lifetimes on owning and operating motor vehicles.

This represents a 28 percent increase since 2003, according to the American Institute for Economic Research (AEIR), a nonprofit research and educational organization.

According to AIER president Charles Murray, the more than 25 percent increase in costs since 2003 is being driven by four factors--depreciation, insurance, taxes, and, not surprisingly, oil and gas.

Before you make a decision, though, you might want to get a handle on "What Your Car Really Costs," courtesy of the American Institute of Economic Research.

GREAT BARRINGTON, MA - The American Institute for Economic Research is pleased to announce a new partnership with the scholarly journal Econ Journal Watch.

EJW is a maverick journal of academic economics. It publishes critical commentary of leading economic research and analysis of the economics profession.

EJW is edited by Daniel Klein, a professor of economics at George Mason University. “The partnership is a match made in heaven,” said Klein. “Both outfits have a spirit of independent thought and critical discussion. We are honored by AIER’s decision to partner with us. AIER has a great tradition of integrating empirical evidence and conceptual understanding. We gain by their high reputation.”