Daily Economy News
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Privately Progressive
What if progressives could provide health insurance to millions, send millions more to college, and keep organizations like the National Endowment for the Arts and PBS fully funded? What if those moves couldn’t be fought by the Trump administration? Private giving is often neglected in our heated and polarized debates about what the government should…
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Long-Term Federal Budget Projections Look Grim
The federal government has run a budget deficit since 2001, which has contributed to the national debt and brought the federal debt-to-GDP ratio to over 100 percent, near an all-time high. If the government doesn’t deviate from its dangerous fiscal path, the outlook is grim. The Congressional Budget Office predicts that the federal budget deficit…
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A Value-Added Tax Is Not the Answer
Ongoing federal budget deficits have contributed to a federal debt near an all-time high. The government could reduce the deficit by reducing spending or raising taxes. Growth in the private sector could also help reduce the deficit. Some policymakers have proposed switching to a value-added tax (VAT) to raise tax revenue. A VAT would levy…
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Career Day on Campus
AIER founder Col. E.C. Harwood encouraged the institute to apply John Dewey’s ideas on the education of young minds. In his book “How We Think” (1933), Dewey postulates that experience “is not a rigid and closed thing; it is vital and hence growing. … Experience also includes the reflection.” To provide a dynamic experience, we…
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Continuing Effects of Demonetization in India
Five months after India’s demonetization of 500- and 1,000-rupee bills, there is still wide disagreement about the effect of the decision. I wrote critically about this policy in an AIER article last month, but the fallout continues. At present, both sides feel vindicated by the outcome. Critics warned that demonetization would not do much to…
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Market Distortions at Home and Abroad
The Ludwig von Mises Institute hosted its annual Austrian Economics Research Conference earlier this month. The conference brings scholars together to discuss important issues facing the U.S. and global economies. Topics ranged from history to philosophy, the economy, and the financial system. Overall the conference focused on market distortions in the economy and the financial…
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Automation: Taking or Changing Jobs?
On Friday, Treasury Secretary Steven Mnuchin made headlines by saying that the displacement of jobs by artificial intelligence was “not even on our radar screen … 50-100 more years” away. This drew a host of shocked responses from those who point out that AI and automation have already eliminated millions of American jobs and may…
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President Trump Pivots from Health Care to Tax Reform
Speaker Ryan pulled the American Health Care Act after failing to rally enough support from the House Freedom Caucus. The House Freedom Caucus consists of thirty fiscally conservative Republicans. The American Health Care Act would have rolled back much of the Affordable Care Act, or Obamacare. For the time being, President Trump plans to leave…
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AIER’s Teach-the-Teachers Initiative: Classroom Focused
Finally we have arrived at the last, or sixth, criterion for exemplary professional development workshops for teachers, which is “classroom focused.” Check my previous blogs that analyze how AIER’s Teach-the-Teachers Initiative workshops satisfy other criteria such as sustainability, intensity, collaboration, being job embedded, and data driven. The recent report, “Bridging the Gap: Paving the Pathway…
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The American Health Care Act Would Eliminate Government Mandates
President Trump demanded that the House vote on the American Health Care Act today. It is not certain if the American Health Care Act will pass. The House Freedom Caucus, an important conservative voting bloc, is not on board. If the American Health Care Act passes it will roll back much of President Obama’s signature…
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Privately Progressive
What if progressives could provide health insurance to millions, send millions more to college, and keep organizations like the National Endowment for the Arts and PBS fully funded? What if those moves couldn’t be fought by the Trump administration? Private giving is often neglected in our heated and polarized debates about what the government should…
-
Long-Term Federal Budget Projections Look Grim
The federal government has run a budget deficit since 2001, which has contributed to the national debt and brought the federal debt-to-GDP ratio to over 100 percent, near an all-time high. If the government doesn’t deviate from its dangerous fiscal path, the outlook is grim. The Congressional Budget Office predicts that the federal budget deficit…
-
A Value-Added Tax Is Not the Answer
Ongoing federal budget deficits have contributed to a federal debt near an all-time high. The government could reduce the deficit by reducing spending or raising taxes. Growth in the private sector could also help reduce the deficit. Some policymakers have proposed switching to a value-added tax (VAT) to raise tax revenue. A VAT would levy…
-
Career Day on Campus
AIER founder Col. E.C. Harwood encouraged the institute to apply John Dewey’s ideas on the education of young minds. In his book “How We Think” (1933), Dewey postulates that experience “is not a rigid and closed thing; it is vital and hence growing. … Experience also includes the reflection.” To provide a dynamic experience, we…
-
Continuing Effects of Demonetization in India
Five months after India’s demonetization of 500- and 1,000-rupee bills, there is still wide disagreement about the effect of the decision. I wrote critically about this policy in an AIER article last month, but the fallout continues. At present, both sides feel vindicated by the outcome. Critics warned that demonetization would not do much to…
-
Market Distortions at Home and Abroad
The Ludwig von Mises Institute hosted its annual Austrian Economics Research Conference earlier this month. The conference brings scholars together to discuss important issues facing the U.S. and global economies. Topics ranged from history to philosophy, the economy, and the financial system. Overall the conference focused on market distortions in the economy and the financial…
-
Automation: Taking or Changing Jobs?
On Friday, Treasury Secretary Steven Mnuchin made headlines by saying that the displacement of jobs by artificial intelligence was “not even on our radar screen … 50-100 more years” away. This drew a host of shocked responses from those who point out that AI and automation have already eliminated millions of American jobs and may…
-
President Trump Pivots from Health Care to Tax Reform
Speaker Ryan pulled the American Health Care Act after failing to rally enough support from the House Freedom Caucus. The House Freedom Caucus consists of thirty fiscally conservative Republicans. The American Health Care Act would have rolled back much of the Affordable Care Act, or Obamacare. For the time being, President Trump plans to leave…
-
AIER’s Teach-the-Teachers Initiative: Classroom Focused
Finally we have arrived at the last, or sixth, criterion for exemplary professional development workshops for teachers, which is “classroom focused.” Check my previous blogs that analyze how AIER’s Teach-the-Teachers Initiative workshops satisfy other criteria such as sustainability, intensity, collaboration, being job embedded, and data driven. The recent report, “Bridging the Gap: Paving the Pathway…
-
The American Health Care Act Would Eliminate Government Mandates
President Trump demanded that the House vote on the American Health Care Act today. It is not certain if the American Health Care Act will pass. The House Freedom Caucus, an important conservative voting bloc, is not on board. If the American Health Care Act passes it will roll back much of President Obama’s signature…
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