Daily Economy

Wednesday, August 15, 2018
Retail sales for July rose 0.5 percent, marking the sixth consecutive month of gains. The report suggests that U.S. economic growth is maintaining strong momentum, supported by consumer spending.
Wednesday, August 15, 2018
What we’ve learned is that money can be privately produced. Hayek’s dream of choice in currency can be reality. What form it will take in the future no one can know for sure. What’s more, there is no end game here. The process of innovation will never stop. 
Wednesday, August 15, 2018
The features of monetary institutions that make them illiberal have a high likelihood of making them undemocratic as well.
Tuesday, August 14, 2018
The Small Business Optimism Index from the National Federation of Independent Business rose 0.7 points in July, coming in at 107.9, the second-highest in history, extending a run of 20 consecutive months above 100.
Tuesday, August 14, 2018
The consumer surplus that we derive from buying water, and other items, is enormous, almost incalculable.  The fact that all of these products, services, and useful things are available to us at low prices seems automatic, nothing very interesting or important. In fact, the capitalist system...
Tuesday, August 14, 2018
Eighty years after a remarkable colloquium in 1938, one that tried to assess the crisis of liberalism and what to do about it, the proceedings have finally been published. The results are tremendously revealing. The Walter Lippman Colloquium was indeed a seminal event that set the stage for the...
Tuesday, August 14, 2018
It is incredibly reckless to double taxes on imports from a particular country with the stroke of a pen. As robust and well-capitalized as the US is today, such actions foment more conflict, feed resentment, fuel nationalism, and take unnecessary risks with the economic well being of people the...
Tuesday, August 14, 2018
James was given unprecedented freedom with I Promise School, even though taxpayers are footing about 75 percent of the bill.
Monday, August 13, 2018
I understand why people often fear freedom or the consequences of breaking the rules, and thus acquiesce to government restrictions on their freedoms. But I fear that we have gone too far in this timid and cowardly compliance. So long as everyone respects everyone else's rights, we should have...
Sunday, August 12, 2018
Hard caps can seem like a tantalizingly easy way to “protect” both incumbent drivers and New Yorkers facing grinding traffic, but a close look at those caps questions just how effective they can be at their stated goals. And the issues facing both groups illuminate underlying problems with no easy...
Saturday, August 11, 2018
Every activist political movement eventually becomes a caricature of itself. This is certainly true of the so-called alt-right that blasted onto the cultural stage with its “Unite the Right” rally in Charlottesville, Virginia, in 2017.
Friday, August 10, 2018

AIER’s Everyday Price Index fell 0.1 percent in July while the Consumer Price Index was unchanged for the month.

Friday, August 10, 2018
If Paul Krugman wants to experience what a modernized P2P exchange of sound money feels like, my offer stands. I’m willing to help.
Friday, August 10, 2018
The $1.5 trillion student-debt crisis is ongoing but can certainly be mitigated if colleges, government, and students work together.
Friday, August 10, 2018
Should the political order reflect a vision of society as a free association of individuals engaging in free exchange for mutual and general benefit and creating a complex society thereby?  Or should it come from one that sees membership of a collective entity as primary and allows trade among...
Friday, August 10, 2018
Despite Japan's perfect Keynesian-textbook policy making, the economy has not revived. As a legacy of the policies, the Japanese government debt has grown to a dimension rarely reached outside of times of war.
Thursday, August 9, 2018
Replacing a country’s failed currency with a reserve currency such as the dollar – so called “dollarization” – is not as easy as it sounds.  
Thursday, August 9, 2018
Fascism often is discussed as though it were the opposite of communism, but such is not precisely the case. Hitler, Mussolini, and Stalin were different in many respects; but the principles of their economic ideologies were the principles of socialism; their initial appeal was to the...
Thursday, August 9, 2018
State-run or state-privileged companies have for many decades dominated European markets. But the moment the opportunity arose for others to enter the market, those very companies faltered, while others are currently prevailing. The benefits are immense.
Wednesday, August 8, 2018
Rent-seeking is a problem that those on the left should have to answer for whenever they propose extensive new regulations. But as President Trump's recent steel tariffs show, the problem knows no political ideology, and is an inevitable occurrence at the friction point between personal connections...

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