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Indiana Business Bulletin

For the week of Aug 22, 2016   

 
 

COMMENTARY – by Michael J. Hicks, Ph.D.
The Importers Benefit from Trade

Unbalanced trade activity points to an unbalance in efficiency.

Most Americans think incorrectly about the benefits of free trade. The general view is that it is good to export more than you import, and that the advantage is to the seller. This is how many in the 'buy local' movement view the world, along with those folks still clinging to the 'economic base theory' of local economic development. It is also precisely how George III viewed the world, but also he had the excuse of insanity.

Read the full text: The Importers Benefit from Trade

Last week's commentary: Entrepreneurship Proposal Will Strengthen INPRS and Indiana


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Projects and Publications Library

View our latest work and related topics by visiting our projects and publications library.

Projects and Publications Library: http://projects.cberdata.org


DID YOU KNOW? – by Dagney Faulk, PhD
July Housing Starts

Data on July 2016 U.S. housing starts was recently released. Housing starts for new, privately-owned structures continue to increase coming in at over 1.2 million units (seasonally adjusted), a 5.58% year-over-year increase. Growth was led by single family (1-unit) structures and large (5+) unit structures with 1.32% and 15.16% year-over-year increases, respectively.

For details, see http://indicators.cberdata.org/dataset/52/110


ECONOMIC INDICATORSView all economic indicators (CBER Data Center).
 

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ECONOMIC INDICATORS
This Week's Data Releases

August 25, 2016

U.S. Durable Good Orders, Monthly

August 26, 2016

U.S. Gross Domestic Product, Quarterly (2016 Q2 revised)

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Center for Business and Economic Research
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