This column was originally published for the Ball State University Center for Business and Economic Research Weekly Commentary blog. By Michael J. HicksAugust 9, 2026In March 2025, my wife and I hiked most of Indiana’s famous Knobstone Trail, the state’s longest footpath. The Knobstone Trail is known among hikers as the “Little Appalachian Trail.” My parents’ wedding reception was held at Turkey Run State Park and my wife was a lifeguard at Clifty Falls State Park. Michael J. Hicks is professor of economics and the director of the Center for Business and Economic Research at Ball State University.