Topic: Daily Economy News

The Gold Standard vs. Fiat Money

– February 17, 2017

As part of its “Econ Duel” series, Marginal Revolution University (an economics education platform run by professors from George Mason University) recently posted a short debate on “Fiat Money vs. the Gold Standard.” The 10-minute exchange between prof …

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The Federal Debt is Near an All-time High

– February 17, 2017

Throughout its history, AIER has pointed out the dangers of excessive amounts of both private and public debt.

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Exemplary Professional Development: What is It?

– February 14, 2017

  In order to expand, enhance, and further develop AIER’s Teach-the-Teachers Initiative (TTI) program, we are continuously researching best practices and contemporary pedagogical innovations in the teachers’ professional development space in order …

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Federal Funding in Each State

– February 10, 2017

Source: WalletHub   One interesting economic topic in the United States is how federal funding is distributed among the states. This is a regular point of contention for two reasons. First, federal officials of either party sometimes clash with st …

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Following the Direction of Col. E.C. Harwood in Education

– February 8, 2017

    AIER’s founder, Col. E. C. Harwood, encouraged students to apply the knowledge they gained in their university classrooms to the research projects they were assigned at AIER. He called this “fieldwork.” With this legacy, during the 2017 W …

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Government involvement in credit markets: The FHA reverses plans to cut insurance premiums.

– February 2, 2017

The Federal Housing Administration (FHA) backs millions of mortgages for consumers who would otherwise struggle to obtain credit from private lenders. FHA lending standards are more lenient than private lenders such as banks and credit unions. Consumer …

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Learning as a Core Skill

– January 31, 2017

A recent Special Report of “The Economist” was dedicated to the topic of lifelong learning and new labor-market conditions that require employees to have the ability to keep learning, be intellectually curious, and develop a “growth mindset.” The repor …

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Cause and Control of the Business Cycle Today

– January 27, 2017

The Great Recession was the worst economic downturn since the Great Depression. Like the Depression, the Great Recession was precipitated by a combination of excessive credit creation and misguided government policy. Excessive credit, or purchasing med …

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Land Value in Pennsylvania: A Practical Application

– January 26, 2017

I was recently reading AIER founder E.C. Harwood’s “Useful Economics,” which can be accessed online through our website’s Harwood Economics tab , when I came across a particularly interesting passage. In Chapter XIII, “Practical Applications,” Col. Har …

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AIER Education Programs Rooted in Scientific Approach

– January 25, 2017

While students were occupied with their research projects during our new Winter Program, their professor, Lorri Halverson, and I were working on a paper summarizing our experiential learning approach, which is the basis for educational programming at A …

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Complexity, economic policy, and AIER

– January 20, 2017

AIER has a long history of fostering schools of economic thought that don’t adhere to the views that currently dominate mainstream academia. One paradigm that reflects recent advances in other scientific fields but also confirms views put forward by AI …

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Earnings Growth and Employment Transitions

– January 19, 2017

What drives earnings growth for U.S. workers? In some form or another, this was the question addressed by researchers at a session of the American Economic Association’s annual meeting that I attended earlier this month in Chicago. There are three impo …

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