Daily Economy News
“Nothing can enter the public treasury for the benefit of one citizen or one class,” wrote Frederic Bastiat, “unless other citizens and other classes have been forced to send it in.” This is a good way to think about the spending plans of politicians. …
The bottom line is that there is nothing historic about this budget, or these cuts. When we look at it in the cold light of reality, it is just the same big spending, unbelievable assumptions, and fiscal irresponsibility that have, dismayingly, become commonplace.
Retail sales were solid in January suggesting continued economic expansion remains the most likely path.
When most monetary economists talk about the virtues of this or that central bank, they’re mostly talking through their hats, because they haven’t a clue concerning what other institutions might be present, and what they might be up to if the central bank wasn’t there.
Antitrust of the sort dreamed about by left and right today dates from an era of confidence in scientific management of industrial structure through government power. The record is of unrelenting failure.
AIER’s Everyday Price Index rose 0.3 percent in January after being unchanged in December.
We live better lives today than the aristocracy and the richest of our forefathers did in the past. But in some ways, we also live better lives than the wizards and witches of J. K. Rowlings’ wonderful world.
Preparing for my appearance on Boom Bust this week, I found essays from the Sound Money Project to be invaluable. These economists understand the mechanics of Fed policy extremely well, and write about it in real time at AIER.org. Reading these essays …
In relationships, all the good things are drowned by hostile tones, eye rolls, denials of responsibility, along with insults. The same holds true in business.
Valentine’s Day is fast approaching. If you’re looking for the perfect gift for that special someone, who better to ask than an economist? In 1993, Yale economist Joel Waldfogel published a famous paper on the optimal gift-giving strategy. His assessme …