Pertinent Category: Daily Economy

AIER’s Teach-the-Teachers 2017 Program Starts

– June 13, 2017

The summer has started, so AIER is going on the road to provide a professional-development workshop for teachers in St. Louis, Miami, and Omaha.

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Business Cycles Are Credit Cycles

– June 12, 2017

E. C. Harwood was an unrelenting critic of the Federal Reserve and the inflationary bias of the monetary gurus.

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Around the Web

– June 9, 2017

Welcome to the first installment of Around the Web. Each Friday, we’ll highlight a few articles we came across during the week that we found particularly interesting and informative. We hope you enjoy them as much as we did.   Will the Crazy Globa …

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Government Intervention in Health Insurance Falls Short

– June 9, 2017

The Affordable Care Act, also known as Obamacare, fell short of its main objectives. The goal of Obamacare was to expand access to health care and to reduce costs.It failed because it attempted to force transactions that would not happen in a free mark …

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When Digital Currencies Compete, Do You Win?

– June 8, 2017

While Bitcoin dominates media and investor attention, it and dozens of other “altcoins” are competing in the market, each with unique technical and economic features.

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AIER Pioneers Collaborative Partnerships

– June 7, 2017

Continuing the legacy of AIER’s founder, Col. E.C. Harwood, we are building collaborative partnerships with colleges and universities across the country.

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Job Openings Top 6 Million for the First Time

– June 6, 2017

The Bureau of Labor Statistics reported that the number of open jobs in the United States topped 6 million for the first time. The total number of open jobs hit 6.044 million in April, pushing the openings rate (the number of open jobs divided by emplo …

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ISM Reports Suggest Faster Growth but Slower Price Increases

– June 5, 2017

Two reports from Institute for Supply Management both point to similar conclusions. The “Manufacturing Report on Business” and the “Non-Manufacturing Report on Business” both suggest economic activity continues to grow at a moderate pace, employment is …

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What Does the Weak May Jobs Report Mean?

– June 2, 2017

The Employment Situation report from the Bureau of Labor Statistics, known as the jobs report, was weaker than expected for May. Nonfarm payrolls added just 138,000 new jobs for the month, below the consensus expectations of 178,000. Excluding the loss of 9,000 workers from government payrolls, the private sector added just 147,000 for May. That is well below the average of 179,000 new jobs added per month over the past year. The slowdown in job creation was widespread across most industries. There are two competing theories on the cause of the slowdown: the United States is running out of workers, or the economy is slowing down. Those two explanations have dramatically different implications for the economic outlook.

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The Freedom to Cooperate

– June 2, 2017

Apparently, someone should share the writings of AIER founder E.C. Harwood with Pope Francis. In a recent address, the pope criticized libertarianism as being “selfish” and “antisocial.” This unfounded characterization of free market beliefs is nothing …

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Labor-Market Signs Stay Strong Ahead of the BLS Jobs Report

– June 1, 2017

The ADP National Employment Report shows U.S. businesses added 253,000 workers in May. That result follows a revised 174,000 gain in April and makes May the sixth month in the past seven when private payrolls increased by more than 200,000. The ADP figures may not match the data from the national employment report from the Bureau of Labor Statistics each month (due out Friday, June 2), but the trends tend to be similar.

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Excelsior Scholarship and Costs of College

– June 1, 2017

Recently on the blog, I discussed New York’s Excelsior Scholarship, which offers free tuition to New York residents to attend four-year public state universities. Today, I want to take a closer look at prices currently paid by students to see how the p …

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