Daily Economy
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Conflicting Signals on the Economy
The most recent indicators on the economy released over the first few days of April provide mixed signals about the pace of economic growth but do not suggest the expansion is at risk. On the positive side, ADP, the global provider of cloud-based Human Capital Management solutions and best known for their payroll processing service,…
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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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A Border Adjustment Tax Is Protectionism
Free trade lets global markets provide consumers with the best products at the lowest prices. Throughout its history, AIER has consistently argued against restrictions on free trade—protectionism—and likewise we oppose the border adjustment tax proposed by President Trump. The BAT would incentivize relatively inefficient domestic production over efficient production overseas. Many U.S. companies have moved…
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First Quarter Ends with Mostly Upbeat Economic Data
The last day of the first quarter of 2017 saw mostly positive economic data. First, the University of Michigan released the final estimates on consumer sentiment for March. The Index of Consumer Sentiment edged up to 96.9 from 96.3. The increase was entirely due to a rise in the Current Economic Conditions portion which rose…
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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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Economy Stronger than GDP Headline Suggests
Final estimates from the Bureau of Economic Analysis show real gross domestic product rose 2.1 percent in the fourth quarter of 2016 and 1.6 percent for all of 2016. Those results hide stronger performances in key domestic segments of the economy. Domestic demand, or real final sales to private domestic purchasers, comprised of consumer spending,…
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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…
-
Conflicting Signals on the Economy
The most recent indicators on the economy released over the first few days of April provide mixed signals about the pace of economic growth but do not suggest the expansion is at risk. On the positive side, ADP, the global provider of cloud-based Human Capital Management solutions and best known for their payroll processing service,…
-
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…
-
A Border Adjustment Tax Is Protectionism
Free trade lets global markets provide consumers with the best products at the lowest prices. Throughout its history, AIER has consistently argued against restrictions on free trade—protectionism—and likewise we oppose the border adjustment tax proposed by President Trump. The BAT would incentivize relatively inefficient domestic production over efficient production overseas. Many U.S. companies have moved…
-
First Quarter Ends with Mostly Upbeat Economic Data
The last day of the first quarter of 2017 saw mostly positive economic data. First, the University of Michigan released the final estimates on consumer sentiment for March. The Index of Consumer Sentiment edged up to 96.9 from 96.3. The increase was entirely due to a rise in the Current Economic Conditions portion which rose…
-
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…
-
Economy Stronger than GDP Headline Suggests
Final estimates from the Bureau of Economic Analysis show real gross domestic product rose 2.1 percent in the fourth quarter of 2016 and 1.6 percent for all of 2016. Those results hide stronger performances in key domestic segments of the economy. Domestic demand, or real final sales to private domestic purchasers, comprised of consumer spending,…
-
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…
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