Daily Economy Articles

What’s Good and Bad about Automation

– December 7, 2019

What automation of any kind does is to make work more productive and hence to free up time and resources by increasing the intensity of the use of resources.

READ MORE

Is it Proper for Men to Be Creative with Formal Wear?

– December 6, 2019

Only modern capitalistic economies created a glorious opportunity for everyone to dress in the attire reserved for the royalty of old. We democratized formality, and there’s no better time to show precisely how this works than during the holiday season.

READ MORE

The Link Between Prosperity and Freedom Is Even Stronger than You Think

– December 6, 2019

Dictatorships or authoritarian regimes (which also tend to be economically unfree) often put a lot of pressure on their bureaucrats to develop the economy and increase output. Thus are their data positively biased.

READ MORE
Employment report

Labor Market Shows Resilience in November

– December 6, 2019

A strong November jobs report suggests support for consumer spending and continued economic expansion, though erratic policies could weigh on consumer and business confidence.

READ MORE

What’s Gone Wrong with the Aramco IPO?

– December 6, 2019

Imagine for a moment, the following: In an industry with global demand there is one organization that has the following advantages. It has the lowest cost of production for its product, exported and used by every country on the planet, and is part of a …

READ MORE

Richard Nixon & the Myth of Independent Fed Policy (Video)

– December 6, 2019

Amity R. Shlaes presents “On the Legacy of American economist and former Chair of the US Federal Reserve, Arthur Burns, during the Keynesian Revolution” at the American Institute for Economic Research Annual Meeting of Voting Members 2019. Current Chai …

READ MORE

The Impossibility of Negative Rates

– December 5, 2019

The economics discussion would be greatly enhanced if it were better understood that underlying all spending, selling, saving, lending, borrowing, and investing is an exchange of products, services or labor. Real things are always and everywhere being …

READ MORE

Alexander Hamilton, the Other Tariff Man Who Created a Mess

– December 5, 2019

One of the many unsettling features of Donald Trump is his deep-seated antipathy to the time-honored doctrine of free trade. Even as early as 2016, Trump devoted a substantial portion of his Republican Convention speech calling for the adoption of prot …

READ MORE

Five Things No One Asked About the Impeachment — but Should Have

– December 5, 2019

The impeachment proceedings against President Trump have fueled all manner of conjecture regarding the proper discharge of foreign policy, hidden motives behind both Trump’s phone call and the ensuing investigation, and everything from the dead-cat bou …

READ MORE

A Cautious Retrospective on Bitcoin

– December 4, 2019

Bitcoin could still go to the moon. But there are plenty of reasons to believe the opposite too. The most likely immediate future is that Bitcoin will continue brilliantly to service a special type of need.

READ MORE