Daily Economy News

Unlike Oren Cass, F.A. Hayek Knew the Economics of Trade

– February 20, 2020

Quoting F.A. Hayek’s 1960 claim that free markets will bring about a “balance … between exports and imports,” Oren Cass argues that the string of annual U.S. trade deficits over the past 44 years proves that Hayek was wrong – that history has “broken” …

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Why We Must Keep Section 230 and Pay the High Cost of Free Speech Online

– February 20, 2020

One can’t pretend the internet hasn’t made the dark side of free speech more dangerous. But rather than a censor, it’s time for a gut check.

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The “Paradox of Thrift” Myth Is Back, Again

– February 20, 2020

This is nothing but the classic case of the damage of a little learning: the overwhelming majority of people who study economics at all take a single economics class, espousing a single economic perspective, which leads to the pervasive spread of pernicious ideas.

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Why Is Maduro Pushing the Petro?

– February 20, 2020

Why would the Venezuelan government prefer the petro? Three reasons stand out.

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housing starts and permits

New-Home Construction Falls While Permits Rise in January

– February 19, 2020

Housing starts and permits were mixed in January; significant and sustained gains over coming quarters seem unlikely.

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The Dangers of Mandatory Paid Leave (Video)

– February 19, 2020

At a recent hearing on Paid Family Leave before the House Oversight and Reform Committee, Rep. Alexandria Ocasio-Cortez, D-N.Y., thought herself brave and appropriate to harangue the only free-market witness – one out of seven – there. Paid-leave advoc …

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The Underappreciated Trend in Mortality and Inequality

– February 19, 2020

Most economists, left or right, care about human development. By human development, they mean more than simply increases in income. They refer to a greater ability for individuals to choose the lives they deem most fulfilling under continually weakenin …

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How Liberalism Can Survive Left-Right Polarization

– February 19, 2020

We need to form in our minds a beautiful vision of the society and world we want to inhabit, not in its detailed operation like the central planners, and not as an end state like the socialist utopians, but in its ever-evolving institutions that serve human well being above all else.

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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.

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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 …

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