Daily Economy
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Great News from AIER
So many wonderful things are happening at the American Institute for Economic Research.
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Distribution in Markets Is Always Just
It is simply false to think that production and distribution can be separated, much less that they should be.
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Income and Spending Post Gains in July
Personal income rose 0.3 percent in July while total personal consumption expenditures (PCE) rose 0.4 percent. Gains in disposable income should provide support for future increases in spending and suggest a positive outlook for the economy.
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When Will the Debt Trap Snap?
A new recession would not only mean lower or even negative economic growth rates, it would also induce governments to increase public spending. Then, the public debt quotient (debt over gross domestic product) would rise because of a lower denominator and a higher numerator. With the interest rate at historical lows, and the debt ratios…
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Confiscatory Taxes Don’t Increase Equality
Far from a vindication, the mid-20th century experience of the United States actually points to the futility of using confiscatory tax rates to counteract inequality.
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Corporate Profits Hit a New Record as GDP Growth Is Revised Higher
Revised estimates show the U.S. economy grew at a 4.2 percent annual rate in the second quarter while after-tax profits rose 3.7 percent to a record $1,968.5 billion at an annual rate.
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Green Stamps and the Long History of Other Money-Like Things
Money is not just what the government says it is. The market has been struggling to create alternatives for a very long time.
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Interest Rates Need to Tell the Truth
Should it be the business of any central bank to be targeting or setting interest rates, or should this be the business of the market forces of supply and demand, as with any other price in the economy?
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Currency Reform in Ancient Rome
The best conclusion that can be drawn from examining these instances is that in response to the familiar rhetorical query – “Are we going the way of the Romans?” – one can reply, truthfully: “No; they occasionally reformed their currency.”
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Consumer Confidence Closing In on a New Record High
Consumer Confidence rose for the second month in a row, to the highest level since October 2000. Overall, consumer attitudes remain at historically favorable levels, suggesting support for future gains in consumer spending and overall economic growth.
-
•
Great News from AIER
So many wonderful things are happening at the American Institute for Economic Research.
-
•
Distribution in Markets Is Always Just
It is simply false to think that production and distribution can be separated, much less that they should be.
-
•
Income and Spending Post Gains in July
Personal income rose 0.3 percent in July while total personal consumption expenditures (PCE) rose 0.4 percent. Gains in disposable income should provide support for future increases in spending and suggest a positive outlook for the economy.
-
•
When Will the Debt Trap Snap?
A new recession would not only mean lower or even negative economic growth rates, it would also induce governments to increase public spending. Then, the public debt quotient (debt over gross domestic product) would rise because of a lower denominator and a higher numerator. With the interest rate at historical lows, and the debt ratios…
-
•
Confiscatory Taxes Don’t Increase Equality
Far from a vindication, the mid-20th century experience of the United States actually points to the futility of using confiscatory tax rates to counteract inequality.
-
•
Corporate Profits Hit a New Record as GDP Growth Is Revised Higher
Revised estimates show the U.S. economy grew at a 4.2 percent annual rate in the second quarter while after-tax profits rose 3.7 percent to a record $1,968.5 billion at an annual rate.
-
•
Green Stamps and the Long History of Other Money-Like Things
Money is not just what the government says it is. The market has been struggling to create alternatives for a very long time.
-
•
Interest Rates Need to Tell the Truth
Should it be the business of any central bank to be targeting or setting interest rates, or should this be the business of the market forces of supply and demand, as with any other price in the economy?
-
•
Currency Reform in Ancient Rome
The best conclusion that can be drawn from examining these instances is that in response to the familiar rhetorical query – “Are we going the way of the Romans?” – one can reply, truthfully: “No; they occasionally reformed their currency.”
-
•
Consumer Confidence Closing In on a New Record High
Consumer Confidence rose for the second month in a row, to the highest level since October 2000. Overall, consumer attitudes remain at historically favorable levels, suggesting support for future gains in consumer spending and overall economic growth.