Business investment appears to be improving as orders for nondefense capital goods excluding aircraft, a proxy for business investment, rose 0.9 percent in August and shows a 3.3 percent gain year to date versus 2016.
Daily Economy News
The law of unintended consequences will eventually rear its ugly head, and younger people will opt out of redistributive insurance schemes. Their exit creates a death spiral of sorts, where premiums will eventually sky rocket for the elderly and those who remain.
A healthy labor market is supporting consumer confidence but some signs of weakness in housing are starting to appear.
Those cranks and crackpots are now at the commanding heights of academia, preaching the same old Gospel of destructionism and irrationalism, dressed up as “modern macroeconomics.”
AIER is going to the Council for Economic Education’s annual conference in New York to share with the national audience of teachers, curriculum developers, administrators, and researchers our approach of infusing economics into various fields of study.
Marco Navarro-Génie identifies many adverse effects from imposing both minimum and maximum prices on gasoline — including rent seeking and industry protectionism — not that it made sense to begin with.
The key to true immigration reform is a streamlined immigration process that allows immigrants and employers to freely interact in the marketplace, while incentivizing assimilation and social harmony among new arrivals to the United States.
The September Manufacturing Business Outlook Survey from the Philadelphia Fed suggests manufacturing in the mid-Atlantic region remains healthy.
One of the unique features of AIER’s Teach-the-Teachers program is the opportunity for teachers to field test the lesson idea, developed at the workshop, in their classroom. The Fall semester is the time for a field test, so we are excited to learn how many teachers are planning to implement their lesson idea.
Paid family leave, President Trump’s new entitlement proposal, seems like an inconspicuous idea on the surface, but it is an enormous fiscal gamble: once the program is up and running, it could easily add hundreds of billions of dollars to the federal budget.
Housing starts fell but permits rose in August as numerous crosscurrents are hitting housing.
What would happen if Bitcoin’s and Ethereum’s biggest competitor in the cryptocurrency space was the U.S. Federal Reserve? A new report issued by the Bank for International Settlements (BIS) considers whether central banks should issue their own cryptocurrencies.
When disasters strike, the demand for certified contractors spikes locally, while other regions are spared. Prices on construction and renovation increase, which should draw workers from untouched areas to the state to speed the rebuilding process.
Certificate-of-need laws place the burden of proof on new competitors and force them to justify why they should be able to serve consumers. Often the entrants even need approval from established providers, who are unlikely to want increased supply and downward pressure on prices.
In the analysis of socioeconomic affairs of the United States, the value of family structure is perhaps too sensitive and close to home for many pundits and policy researchers to bring up.
One of the operating principles of AIER is to produce useful, practical, and actionable information. Therefore, the main goal of the Teach-the-Teachers Initiative is to educate K-12 teachers about the essence and application to everyday life of the concepts of money, inflation, business cycles, unemployment, and property rights.