Daily Economy

Monday, July 23, 2018
The cause of free trade is fortunate this time to have the support of the merchant class.
Sunday, July 22, 2018
Whenever our government “retaliates” with trade restrictions of its own, it unfairly tilts the playing field here at home in favor of politically potent producer groups and against the rest of us.
Friday, July 20, 2018
Since November 2016 several Duke University colleagues have come into my office, closed the door, and said, “Okay. You were right. Are you happy now?”
Thursday, July 19, 2018
The modern social justice movement works towards the disintegration of society. It is not a movement to achieve its declared aims, which is impossible, but to destroy.
Thursday, July 19, 2018
Initial claims for unemployment insurance fell to 207,000 for the latest week, the lowest reading since 1969, while the Leading Economic Index from The Conference Board posted a 0.5 percent increase in June. Overall, the preponderance of data support an upbeat outlook for the U.S. economy.
Wednesday, July 18, 2018
The beauty of blockchain technology is that it makes old intermediaries unnecessary. Intermediation of cryptocurrency can be performed on the blockchain. It does not require a third party.
Wednesday, July 18, 2018
Housing construction fell in June as single-family and multifamily starts declined. Housing permits, an indicator of future activity, also fell in the latest month. Overall, housing construction and permits appear to be plateauing after rebounding from the housing boom-bust cycle in the early 2000s.
Wednesday, July 18, 2018
Swift has used her celebrity and art to stand up to bullies, whether they be corporations or colleagues in the music industry. She’s also singing her way to the bank.
Wednesday, July 18, 2018
That an asset or innovation is subject to scamery, pushed by grifters, invested in by the deluded and avaricious, does not mean it is not a good idea. You can observe the fallacy with any new discovery that has ever appeared in the history of humankind.
Wednesday, July 18, 2018
We can often make progress by pressing for improvement, rather than holding out for perfection. Sometimes, just the right kind of nothing is good enough.
Tuesday, July 17, 2018
Reforming parking policy is an important local issue. Current politics encourages a general oversupply of parking and with it high parking costs per household as it sits empty.
Tuesday, July 17, 2018
Industrial production jumped 0.6 percent in June on broad-based gains. Along with other solid economic data and very strong readings from the AIER leading indicators index, the outlook for continued economic expansion remains favorable.
Tuesday, July 17, 2018
The information economy has liberated those who do the work from servile dependency on any single capital-controlling employer. We didn’t need Karl Marx to invent a new political order to do that; we just needed a better software infrastructure.
Monday, July 16, 2018
How very appealing was the socialist idea in the late 19th and early (pre-WWI) 20th centuries! All the burdens of life and everyday work, all the seemingly unjust inequalities of material wealth observable in society, and all the uncertainties of health care and old age would be lifted from the...
Monday, July 16, 2018
Unmanned Aerial Vehicles, commonly known as drones, are increasingly part of our urban landscapes. The number of drones employed for commercial use in the United States will surpass 420,000 in 2021, according to the US Federal Aviation Administration.
Monday, July 16, 2018
The very best system of national defense is one that reduces the prospect of war. It is one that diminishes the need to actually send into battle war machines and manpower. So anyone sincerely committed to a program of using trade policy as a means of strengthening national defense supports as an...
Saturday, July 14, 2018
If we freed the market, tight labor markets would be the norm. The beautiful and empowering act of quitting (and moving on to something better) would be an expected feature of professional life.
Thursday, July 12, 2018
A new cryptocurrency, "basis," seeks to eliminate price volatility by setting up an “algorithmic central bank,” that is, a set of rules that adjust the money supply without human intervention.
Thursday, July 12, 2018
AIER’s Business Cycle Conditions Leading Indicators eased back in June, registering a 92 following three straight 100s. The Roughly Coincident Indicators index also registered a 92 following three consecutive perfect 100s. The Lagging Indicators index held at 92 for the third consecutive month (see...
Thursday, July 12, 2018
Always ask yourself: when using the term “inflation,” what are you seeking to explain? If it is monetary policy, you are best off looking at monetary statistics. If it is prices, follow the Everyday Price Index. If it is the relationship between monetary policy and prices, follow good economic...

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