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Michael Hicks

Muncie

Columnist at Freelance

Father of 3 marvels. Lucky husband. Parent lottery winner. Ret’d infantryman. George & Frances Ball Dist. Prof. of Econ, VMI '84, UT ‘98, personal account.

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Articles

  • 4 days ago | usatoday.com | Michael Hicks

    Three months ago, I released an economic forecast that I called “the best for Indiana in the 17 years I’ve been doing forecasts.” Sadly, I am revising it to what appears to be the worst forecast of the past 17 years — and maybe the worst postwar economic shock to our state. I said in January the U.S. achieved a soft landing — purging inflation from the economy without a big loss of employment.

  • 1 week ago | indystar.com | Michael Hicks

    Indiana’s 2025 legislative session offered a valuable pair of economic lessons. The first is that there are no perfectly good or bad policies, only trade-offs. The second is that the cost of anything is measured by what you relinquish to obtain it — its opportunity cost. The session began with Senate Bill 1, a version of Gov. Mike Braun’s property tax cuts. This legislation provides modest tax cuts to about half of Hoosier families — and less than $300 per year for that lucky half.

  • 2 weeks ago | yahoo.com | Michael Hicks

    Media reports identified significant accounting problems at the Indiana Economic Development Corp. In response, Gov. Mike Braun has ordered an independent accounting audit. Every Hoosier should applaud that order, but the problems with the IEDC are broader than an accounting issue. Indiana is at a point where fundamental questions about economic development policy and the role of the IEDC need a full-throated public debate.

  • 1 month ago | msn.com | Michael Hicks

    Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.

  • 1 month ago | kpcnews.com | Michael Hicks

    As recently as 1900, American colleges and universities educated too few students and did too little research. One way to gauge that is to examine the Nobel Laureates in the physical sciences — chemistry, physics and physiology or medicine. The awards began in 1901, and over the next two decades only two Americans received the prize, one of whom was an immigrant. We won two more in the 1920s, which is a poor showing for a large, prosperous world power. Then things began to accelerate.

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Michael J. Hicks
Michael J. Hicks @HicksCBER
22 Apr 25

RT @mccaffreyr3: They have to grow up: Retired Army general rebukes WH over Hegseth sharing plans on Signal - YouTube https://t.co/kDTai0Me…

Michael J. Hicks
Michael J. Hicks @HicksCBER
22 Apr 25

Great thread . . . a bit technical for non-economists, but read the narrative and you'll get the gist of the findings.

Ludwig Straub
Ludwig Straub @ludwigstraub

New paper on recent US tariffs with Matt Rognlie and @a_auclert Our focus: effects of temporary increases in tariffs (“tariff shocks") Three Qs: 1 Will tariffs lead to a recession? 2 Will they reduce the trade deficit? 3 Why are they not appreciating USD? (as in std theory) 🧵 https://t.co/37pfMRWlCb

Michael J. Hicks
Michael J. Hicks @HicksCBER
22 Apr 25

RT @PeterSchiff: Bessent seeing a future de-escalation of an admittedly unsustainable trade war with China, isn't a reason to buy over-pric…