The Daily Economy

  • Exemplary Professional Development: What is It?

      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 to apply them to our programming. I came across the recent report, “Bridging the Gap: Paving the Pathway from Current Practice to Exemplary…

  • “Unfair” Trade, At Home and Abroad

      We received some great questions from readers on our recent article about free trade, many of which had to do with how we should respond to unfair trading practices by foreign firms or governments. One practice commonly labeled unfair is dumping, where trading partners sell a commodity at a price deemed artificially low by…

    “Unfair” Trade, At Home and Abroad
  • Federal Funding in Each State

    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 states on the use of federal funds. Second, an apparent irony is often pointed out, using…

  • A Bitcoin Exchange-Traded Fund

    Many individuals would like exposure to bitcoin but do not want to complicate their finances with a bitcoin wallet

    A Bitcoin Exchange-Traded Fund
  • Following the Direction of Col. E.C. Harwood in Education

        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 Winter Program, students immersed themselves in the practice of economic analysis under the guidance of AIER’s…

  • ISM Survey Data Suggest Better Economic Conditions

    The Institute for Supply Management surveys its members monthly regarding business activity at their respective companies. These surveys are very timely readings on levels of current activity across a broad range of industries.  The surveys are compiled into two separate indexes, one for manufacturers and one for nonmanufacturing companies, such as construction, finance, health care,…

  • Blockchain and Gold-Backed Money

    In his 1963 treatise on gold and free banking titled, “What has Government Done to Our Money?,” economist Murray N. Rothbard envisions a system of private and competing warehouses storing customers’ gold and issuing receipts that could be exchanged as money. Now this decidedly low-tech vision of money and banking may be brought to life…

    Blockchain and Gold-Backed Money
  • Jobs Day Surprise…And Disappointment

    The Bureau of Labor Statistics released a January employment report this morning that has both surprises and disappointments. On the positive side, job creation was stronger than expected, showing a net gain of 227,000 jobs. Even better, the private sector added 237,000 jobs, while the government sector posted a 10,000 decrease for the month. This…

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

    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. Consumers with low credit scores and little in savings often seek FHA loans. Traditionally a private lender requires a…

  • Good News for the Manufacturing Sector

      During an 18-month campaign, primary, and election process, newly-elected President Donald Trump focused heavily on the manufacturing sector in the U.S. Today, the Institute for Supply Management (ISM) and ADP, the payroll and human resources service, provide current data on activity in that area. The ISM released its monthly Report on Business for January,…

  • Learning as a Core Skill

    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 report mentioned technological change, online education, and new approaches to career planning as factors affecting the demand…

  • Mostly Domestic Manufacturing

    In the wake of President Donald Trump’s protectionist stance for domestic manufacturing, many observers have spoken in defense of free trade. AIER has its own history of publishing in this area. In this post, I want to highlight one point that we touched on briefly in the December edition of AIER’s “Business Conditions Monthly” –…

    Mostly Domestic Manufacturing