Daily Economy Articles

Everyday Price Index

Gas and Apparel Pull Everyday Prices Down in November

– December 11, 2019

AIER’s Everyday Price Index fell 0.1 percent in November after posting a 0.4 percent increase in October. Overall, net changes in the Everyday Price Index remain modest.

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Manual Labor Will Be Revived

– December 11, 2019

In fact, one outcome of AI and automation may well be a revival of manual labor and of the traditional working class — maybe becoming more like an artisan class again.

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Wasserman’s Twisted Tale About the Austrian School of Economics

– December 11, 2019

If you approach the topic with a presumption that the Austrians were shilling for capital as understood in a Marxian-style dialectic, you miss the entire point of the school of thought and its contribution.

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Why Passenger Railways are Terrible and Freight Railways are Amazing

– December 11, 2019

American railways are the envy of the world.  Many might shake a collective head at that statement. In the case of passenger rail that is an appropriate reaction. Since it was pieced together – a government-constructed Franken-rail system built of …

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NFIB Small Business Optimism

Small-Business Optimism Rose in November

– December 10, 2019

Small-business confidence rose in November despite concerns over labor shortages.

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The New History of Capitalism Has a “Whiteness” Problem

– December 10, 2019

Thus do we arrive at the unenviable position where scholars in the New History of Capitalism genre are guilty of the very same faults that they invoke to dismiss critics of the 1619 Project.

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Paul Volcker: Foe of the Gold Standard, Fan of Fiscal Profligacy

– December 10, 2019

The recent death of Paul Volcker, Federal Reserve Chairman from 1979 to 1987, has generated the usual but undeserved encomiums from media outlets. Sebastian Mallaby at The Washington Post declares that Mr. Volcker was “the savior our economy …

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Europe’s Green Deal Flirts With Central-Planning Disaster

– December 10, 2019

The European Union is radically overhauling its economy in an attempt to combat climate change. Europe’s Green Deal appears slightly more modest than the proposed Green New Deal in the United States, but cost estimates still run as high as $13 trillion …

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Trade Policy Should Not Be Contingent on the Behavior of Foreign Governments

– December 9, 2019

In the making of trade policy, foreign governments should not be held to ethical standards higher than are the standards to which we hold our own government.

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The US-Mexico-Canada Trade Deal Is Not as Good as Nafta

– December 9, 2019

If the Republicans truly do care about the health of the economy and about the legacy of the tax cuts, they better stop mouthing the administration’s narrative on trade, and fight to stop the damage.

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