The tax reform fails to incentivize higher earners to be even more productive. It also increases the federal government’s reliance on those high-income filers for its tax revenue.
Daily Economy News
In times of natural disasters and other crises, most think first to turn to their governments for help, but in this situation, Flint was ignored by local, state, and national levels of government and relied heavily on the private sector to reverse the damage.
AIER continues to pursue the educational ideas of our founder, Col. E.C. Harwood, who believed that educating the educators advances the institute’s mission.
The advance estimate for third quarter real gross domestic product (GDP) shows 3.0 growth, but that headline number masks a notable slowdown in private domestic demand.
Blockchain technology could make the supply chain for prescription narcotics more secure, but it won't address the overall problem.
AIER’s founder, Col. E.C. Harwood, was an admirer of John Dewey’s ideas on education. And now Dewey’s ideas about the functions a teacher performs in the classroom are alive within AIER's Teach-the-Teachers Initiative program.
Higgs's latest book, Taking a Stand: Reflections on Life, Liberty, and the Economy, is a greatest hits of his work over the past decade or so, published by the Independent Institute of Oakland, California. Naturally I couldn't help myself when I saw it as a new arrival at the Ludwig von Mises Library at Francisco Marroquín University in Guatemala City.
The Chicago Fed National Activity Index composite of 85 economic data series suggests growth accelerated in September.
If widespread use of Bitcoin or another cryptocurrency is truly in our future, some series of events will have to disrupt the status quo. Broadly speaking, I see two possibilities, which I’ll call the revolutionary and evolutionary approaches.
At a recent annual conference of the Council for Economic Education, a lesson on unemployment was presented by Vicki L. Fuhrhop, a teacher at Collinsville High School in Collinsville, Ill, who is an alumna from the 2016 Chicago class. She joins the roster of teachers who implemented lesson ideas from our workshops in their classrooms.
American universities are the best in the world in large part due to the presence of many that behave more like businesses that offer services. That is in contrast to institutions whose services are treated as "social rights" with prohibitions on profits.
Housing starts fell in September and appear to be plateauing after rebounding from the boom-bust cycle in the early 2000s.
The Trump administration is now moving to dismantle the whole Clean Power Plan boondoggle, and environmentalist crusaders are not happy. We hear every day that this is “genocide,” “raping the planet,” and the whole predictable litany of apocalyptic quasi-religious fear-mongering.
Economic data continue to be impacted by distortions from hurricanes, but the broad trend of very slow growth in industrial production appears to be intact.
AIER has added the Bastiat Society Program to expand the reach of AIER’s mission. Through the program’s well-established chapter network of business leaders, AIER will be coordinating over 140 chapter events in 2018; panel discussions, lectures, conferences and debates that will focus on free markets and liberty.