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For the week of Aug 22, 2016
COMMENTARY – by Michael J. Hicks, Ph.D.
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
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
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.
ECONOMIC INDICATORS – View all economic indicators (CBER Data Center).
August 25, 2016
August 26, 2016
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