Daily Economy

Wednesday, October 17, 2018
The housing market appears to be struggling with a combination of elevated home prices and rising interest rates. With interest rates likely to drift even higher over coming months and quarters, the outlook for housing is cautious. 
Wednesday, October 17, 2018
It is quite true that a standard bilateral fee-for-service arrangement would fail to provide enough lighthouses — at first. But that failure would have consequences.
Tuesday, October 16, 2018
The latest data from the Bureau of Labor Statistics shows a surge in job openings in August, to 7.136 million, while private sector job openings totaled 6.464 million. Both are at new all-time highs.
Tuesday, October 16, 2018
Much like anything touched by bureaucracy, the justice system produces plenty of mistakes.
Tuesday, October 16, 2018
Madison would be horrified to see the extent to which his federalist vision has failed to endure. Fiscal power has become increasingly centralized, with the federal government taking over more and more state functions.
Tuesday, October 16, 2018
"It seems almost impossible to rein in government. It keeps growing in size and scope in one direction after another. Why? And is there any way to reverse it?" ~ Richard Ebeling
Monday, October 15, 2018
Under ideal conditions, stablecoins would come to exist due to pure market demand rather than as a reflection of the regulatory climate that has limited access to conventional banking services.
Monday, October 15, 2018
The next financial crisis is just around the corner. It is only a matter of time until once again the world economy will be shocked by a massive contraction of liquidity. All markets are linked, and the origin of a new crisis can come from anywhere. A global financial crisis is the result of an...
Monday, October 15, 2018
Producers, on average, capture a 2.2 percent of the total benefits of their successful introduction into markets of technological advances. A whopping 97.8 percent of those benefits are enjoyed by people each of whom as a consumer did nothing other than exercise his right to spend his money on...
Friday, October 12, 2018
AIER’s Business Cycle Conditions Leading Indicators index improved in September, hitting 88 following 83 in August. The Roughly Coincident Indicators index held at a perfect 100 reading while the Lagging Indicators index also held steady, posting an 83 (see chart below). The AIER business cycle...
Friday, October 12, 2018
To “buy American,” as the nationalists and nativists demand, is to eschew today’s beneficial products while underrating the benefits of yesterday’s globalization of trade and fearing tomorrow’s.
Friday, October 12, 2018
Google wasn’t truly afraid of reputational damage, as it reigns supreme as the top search engine online. What it feared was that this data-breach problem would put it face to face with Congress.
Thursday, October 11, 2018
What a recent academic hoax reveals is a pervasive problem of declining scholarly rigor afflicting certain parts of the academy.
Thursday, October 11, 2018
AIER’s Everyday Price Index was unchanged for the second month in a row in September. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. It excludes prices of infrequently purchased, big-ticket items (such as cars,...
Thursday, October 11, 2018
Government subsidies and regulations are usually a mess. Each rule or payment might have its own laudable goal in a vacuum. But in many industries, aided by politics and corporate lobbying, the laws pile up on each other, twisting markets until economic logic seemingly doesn’t apply.
Wednesday, October 10, 2018
Markets do not fail so much as courage and imaginations do.
Wednesday, October 10, 2018
Two new videos tell a short story of our history and reveal some of what we are doing today. 
Wednesday, October 10, 2018
Twenty years from now, people will look back at our current practices of exclusive ownership and storage with bewilderment. They will wonder what life was like before platforms made our lives richer, better, and less wasteful.
Wednesday, October 10, 2018
The fourth issue of the AIER Sound Money Project Working Paper Series is available online. AIER is currently ranked 149th on SSRN's Top 1,600 Entrepreneurship Research & Policy Network Organizations.
Wednesday, October 10, 2018
Ten years after the 2008 financial crisis, economists are beginning to assess the lessons learned. Sometimes we learn the right lessons. Sometimes we learn the wrong lessons.

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