Daily Economy News

manufacturing

Positive Surprise for Manufacturing

– February 18, 2020

The latest Empire State Manufacturing Survey suggests the manufacturing sector may be rebounding but the outlook remains uncertain.

READ MORE


Dollarization in Ecuador after 20 Years

– February 18, 2020

In January, Ecuador celebrated its 20th anniversary of dollarization. The Bastiat Society of Guayaquil and the Instituto  Ecuatoriano de Economia Política organized a conference to discuss the pros and cons of Ecuador’s monetary regime. Internatio …

READ MORE


Happy 90th Birthday, Professor Israel Kirzner!

– February 18, 2020

Even in an era when modern medicine and technologies are adding to people’s lifetimes, along with the gains in general human economic betterment, it still stands as a notable event when someone marks their 90th birthday. On February 13th, renowned “Aus …

READ MORE


The Attempt to Suffocate Huawei Is Foolish and Destined to Fail

– February 18, 2020

Readers of this column are familiar with this historical truth, but it’s worth repeating in light of the ongoing conservative crack-up over Chinese communications giant Huawei. For clarity on the matter, it should be stated right away that if you’re se …

READ MORE


What Brilliant TikTok Reveals about Human Creativity

– February 17, 2020

I used to make it a habit to try out all the latest social technology, if only to observe its function, rules, and contribution to the culture. That habit stopped last year during the “techlash:” I too found myself convinced that we’ve probably overind …

READ MORE


Your Pessimism Is Ridiculously Inaccurate

– February 17, 2020

The incessant drumbeat of negativity about the U.S. economy and about globalization – and the blinkered focus on problems (real and only apparent) divorced from the larger context of the economy’s successes and of Americans’ stupendous prosperity – gives us a dangerously inaccurate sense of the state of the economy and of ordinary men’s and women’s relationship to it.

READ MORE


The Astonishing Spending Promises of the Political Class (Video)

– February 16, 2020

“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. …

READ MORE


How To Disguise a Budget Increase as a Cut

– February 15, 2020

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.

READ MORE


Retail sales

Retail Spending Remains Close to Trend in January

– February 14, 2020

Retail sales were solid in January suggesting continued economic expansion remains the most likely path.

READ MORE


Fedophilia: The Intellectual Disease and Cure

– February 14, 2020

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.

READ MORE