Daily Economy Articles

Tuesday, May 14, 2019
Small-business confidence rose in April, and expectations are generally upbeat, but labor shortages are a major concern.
Tuesday, May 14, 2019
Why does untruthful scholarship so often take root, and even become a “consensus” interpretation despite its factual deficiencies?
Tuesday, May 14, 2019
Are lovers of liberty ever to turn our faces toward the sun, standing on truly free soil? Remembering the Walled City of Kowloon should energize our determined, but peaceful, fight.
Tuesday, May 14, 2019
The institutional setting in which human relationships become real in our lives is the market. The moral aesthetic of the market is lovely. It fosters love. It needs love.
Tuesday, May 14, 2019
Socialism is the antisocial system of politics over people, governmental power instead of peaceful and free association, and a handful of imposed political plans instead of a pluralism of as many plans as there are people in the world.
Tuesday, May 14, 2019
Millennials are drowning in debt — failing to pay off their student and auto loans. Despite this reality, if you ask millennials today whether they’ll ever be rich, they will tell you that yes, their futures are bright. But is their optimism warranted?
Tuesday, May 14, 2019
A monetary rule would provide guidance and stability. But monetary rules are not incentive-compatible for monetary policy makers.
Monday, May 13, 2019
Surely allowing millions of American and Chinese businesses and consumers to freely cooperate would have created more wealth than one veteran dealmaker tightening his grip.
Monday, May 13, 2019
Modern knowledge of physics clearly is not a sufficient condition for mass prosperity. If it were, Soviet citizens in the 20th century would have been just as prosperous as American and Canadian citizens.
Monday, May 13, 2019
In a recent report, the Government Accountability Office recommends altering the metal content of the nickel and casts doubt on the benefits of suspending production of the penny.
Saturday, May 11, 2019
Because so many lack the patience to understand, and perhaps because so few can explain it coherently, there is a strange lust in the land to debunk the whole thing. Every single time the market drops, people get busy writing obituaries for crypto. I’ve been seeing these appear since the market...
Friday, May 10, 2019
AIER’s Everyday Price Index jumped 1.1 percent again in April, more than double the 0.5 percent gain in the Consumer Price Index. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. The EPI is not seasonally adjusted, so we...
Friday, May 10, 2019
Hayek worked in the context of the near death of civilization in the world wars, near-universal enthusiasm for socialism among the intellectuals, and repeated exhortations in the face of periodic economic troubles that this time really was the Final Crisis of Capitalism.
Friday, May 10, 2019
Financial markets, including markets for complex instruments that may just look like speculative casino bets, allow important real transactions to occur. And in a brilliantly decentralized way, they bring into harmony people whose information, values, goals, and risk aversion differ.
Thursday, May 9, 2019
AIER’s Leading Indicators index rose 13 points to 38 in April, up from 25 in March. March’s result was the lowest since June 2009. The Roughly Coincident Indicators index and the Lagging Indicators index both held steady, at 83 and 67, respectively (see chart). April is the fourth consecutive month...
Thursday, May 9, 2019
Capitalism is not a hallmark of conservatism, it’s the most surefire way to change the world.
Wednesday, May 8, 2019
Alexandria Ocasio-Cortez is from New York, where garbage disposals are not very common in apartments because they were only legalized in the 1990s, as incredible as that seems. But now she lives in D.C., and she has discovered that there is one in her apartment.
Wednesday, May 8, 2019
Retail vehicle sales slowed in April but remain in the recent range of 16 to 18 million annually. Consumer credit rose despite a drop in credit card debt.
Wednesday, May 8, 2019
Who knows? Maybe, just maybe, regulated capitalism will be replaced with free-market capitalism.
Wednesday, May 8, 2019
Contrary to popular myth, the humanities are actually growing at a faster pace than most of the university system.
Tuesday, May 7, 2019
Private job openings in the United States totaled 6.800 million in March. The labor market is showing renewed strength, supporting personal incomes, consumer confidence, and future consumer spending.
Tuesday, May 7, 2019
The unknown history of Neutral Moresnet proves that there is an inverse relationship between the size and scope of government and the potential for both peace and prosperity.
Tuesday, May 7, 2019
You should be able to take advantage of smart contracts in many ways, and in many situations, if you just understand smart contracts are a way of managing contingencies.
Tuesday, May 7, 2019
Unlike progressives and conservatives, libertarians judge society and government policy by how well individuals are able to fulfill their goals; libertarians do not suppose that individuals who comprise the large collectives that we call “countries” do or should aim at fulfilling the non-existent...
Monday, May 6, 2019
Yes, the greatest political show on earth. It’s just too bad that so few of the performers that are listed on the campaign-program flyers to entertain us have any belief in and policy platforms for advancing individual liberty, free markets, the impartial rule of law, or constitutionally limited...
Sunday, May 5, 2019
The prospect that the US president would conclude that tariffs cause growth has always been the downside of good economic numbers. Good performance of the macroeconomy only encourages his worst instincts to impose more harmful trade policies.
Friday, May 3, 2019
Imagine the challenge of a single company to come up with the full range of music available for the tastes of every composer, from a recording studio in the same plant where the player itself is manufactured.
Friday, May 3, 2019
Nonfarm payrolls rose by 263,000 in April. Two strong monthly gains following a disappointing increase in February shows the labor market remains healthy and will likely ease fears of recession.
Friday, May 3, 2019
Why the voice call is like barter and the text is like modern money. 
Thursday, May 2, 2019
Diocletian may have greatly strengthened the Roman state, but that extra strength appears not to have dented poverty, inflation, or civil war. Today the instinct to increase state power to achieve desired outcomes is thriving on both sides of the aisle.
Thursday, May 2, 2019
People can vote with their feet for different political, economic, and social institutions. They have overwhelmingly voted for liberty, opportunity, and prosperity when free to do so.
Wednesday, May 1, 2019
As a child, I couldn’t figure it out. Why is my grandfather a hero to this vast community of Asian immigrants?
Wednesday, May 1, 2019
The Manufacturing Purchasing Managers Index posted its lowest reading since November 2016 and extends an eight-month trend of decelerating growth. Mixed economic data continue to support a high degree of caution amid slow economic expansion.
Wednesday, May 1, 2019
Social systems must be able to serve people in periods of stability, by creating predictable patterns of rules and expectations, and to serve people in times of disruption, by fostering innovation and entrepreneurship without breaking down.
Wednesday, May 1, 2019
Faculty radicalism is on the rise, and that's bad news for the intellectual climate on campus.
Tuesday, April 30, 2019
Would it be a tragedy if Williamson were an anthropology virtuoso who, in dropping out of Duke and taking his talents to the NBA, eschewed a career of path-breaking, world-rocking anthropological scholarship? No.
Tuesday, April 30, 2019
In the face of the history and practice throughout the ages of tyranny and despotism, monarchy and aristocracy, America was this self-declared and self-established system of representative, republican government.
Monday, April 29, 2019
A strong headline gain in first-quarter growth in real gross domestic product masked the poor performance of domestic demand.
Monday, April 29, 2019
Private enterprise has long provided the government with efficient solutions, even if the government itself undermines private efforts by using technology ineffectively.

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