Daily Economy

Tuesday, November 20, 2018
A drop in new housing permits and a plunge in homebuilder sentiment suggest the outlook for housing remains cautious.
Tuesday, November 20, 2018
By making these lost Spooner treatises available again after more than a century in seclusion, it is my hope that they will both further our historical understanding of the time in which they were written and offer relevant insights to the evolution of economic ideas in the present day.
Tuesday, November 20, 2018
This remarkable book was published in 1932. E.C. Harwood’s ideas about inflation and the business cycle have relevance for our knowledge and for policy discussions today.
Tuesday, November 20, 2018
Women have come a long way. Isn’t it ironic, then, that women’s freedoms are today being constrained by misguided government policies enacted in the name of increasing that freedom? In other words, there are still battles yet to be won and disasters yet to prevent.
Tuesday, November 20, 2018
Amazon's highly coveted HQ2 is probably a good deal for company and cities alike, but for the rest of us, it’s just another frustrating example of what happens when big business and big government join hands.
Monday, November 19, 2018
All the essential tools for making clothing super white have been deprecated, mostly by government regulations.
Monday, November 19, 2018
Sweden has been at the forefront of monetary experimentation for centuries. Now they have the distinction of being the only country in the world to experience declining growth in cash in circulation.
Monday, November 19, 2018
One of the most common faulty premises that infects discussions of economic policy is the premise that a country is like a private for-profit company, only larger. Nearly everything that the United States President says about trade makes sense if you understand him to believe that the United States...
Sunday, November 18, 2018
The public discourse concerning the state of the financial system that once took place in trade associations and committees of concerned citizens has disappeared, replaced by a cold and sterile managerialism practiced by an insular and self-perpetuating macroeconomic elite.
Friday, November 16, 2018
The wonderful movie based on the life of Freddie Mercury and his band makes a great case that commerce can be and is the friend to art. It has always been so, but we are only now fully coming to terms with what this implies for the artistic endeavor generally.
Friday, November 16, 2018
The manufacturing resurgence continued as output rose 0.3 percent in October, the fifth monthly gain in a row, resulting in an annualized growth rate of 5.0 percent over the period.
Friday, November 16, 2018
AIER’s Business Cycle Conditions Leading Indicators index pulled back in October, dropping to 83 following an 88 in September. The Roughly Coincident Indicators index dropped to 92 while the Lagging Indicators index held steady, posting an 83 (see chart). Despite the declines, the AIER business...
Friday, November 16, 2018
If our entrepreneurial innovators had to get permission prior to introducing their innovations, we would still be walking around or perhaps at best riding on the backs of beasts.
Thursday, November 15, 2018
Retail sales and initial claims data show the economy remains generally healthy. However, uncertainty around U.S. economic policies and broadening global economic risks have the potential to negatively impact the economic expansion.
Thursday, November 15, 2018
Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.
Thursday, November 15, 2018
A new NBER working paper uses bank-level financial and county-level agricultural data to show how risky lending might amplify the boom and bust.  
Wednesday, November 14, 2018
AIER’s Everyday Price Index fell 0.1 percent in October after being unchanged in September. Over the past four months, the EPI has fallen 0.1 percent in two (October and July) and been unchanged in two (August and September). The EPI measures price changes people see in everyday purchases such as...
Wednesday, November 14, 2018
Power couple Kanye West and Kim Kardashian West are not just leading by example by getting involved with criminal justice reform; they are also teaching the world a valuable lesson on the importance of free market mechanisms and how to save properties and lives.
Wednesday, November 14, 2018
Remember: numerical measures are by their very nature retrospective. Epistemologically, information derived exclusively from data analysis will by be both backward-looking and prone to the shortcomings associated with the snapshot fallacy. Which is to say: they are essentially without context.
Wednesday, November 14, 2018
That the President's words were just passed over without comment or criticism tragically shows how far we’ve strayed from the ideas and ideals on which the country was founded.

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