Daily Economy Articles

Friday, May 24, 2019
New orders for durable goods and core capital-goods decreased in April and appear to be plateauing but broader measures of business fixed investment continue to trend higher.
Friday, May 24, 2019
The amount of public debt to be serviced is huge and growing, and we’re in uncharted territory now.
Friday, May 24, 2019
Designers did not somehow lose imagination over the last 25 years. The designs of new cars are boring because regulations forced this result.
Friday, May 24, 2019
Prohibition is nothing but an immoral act, as it intends to impose certain standards on individuals who should be naturally free to make their own decisions.
Thursday, May 23, 2019
New-home sales fell in April, and home construction is unlikely to contribute significantly to economic growth, but the strong labor market continues to provide a solid foundation for continued expansion.
Thursday, May 23, 2019
Statutes and regulations continue to accumulate, layer by layer, until they suffocate not only economic opportunity, but also the effective administration of government itself.
Thursday, May 23, 2019
Whether you keep your stuff or not is up to you. But it is not up to you what price your stuff will elicit on the open marketplace.
Thursday, May 23, 2019
When companies are allowed to compete openly, without resorting to the government for special protections that keep competitors at arm’s length, some firms may even suffer as they try to adapt to better serve their customers. But in the end, it is the consumer who benefits the most as more...
Wednesday, May 22, 2019
Our debate about safety nets and responses to poverty hinges on a fundamental fallacy — that services are either provided by the government or not at all.
Wednesday, May 22, 2019
The difference is the other-oriented atmosphere that the company promotes at all levels—from the company’s corporate leadership, to franchise owners, to managers and employees.
Tuesday, May 21, 2019
Look back 150 years (from the end of the Civil War), ignore whatever party or president was dominant, and try to discern a relationship between the size, scope and power of the U.S. federal government and America’s economic growth rate.
Tuesday, May 21, 2019
Sales of existing homes fell in April and are trending flat or down in all four regions of the country.
Tuesday, May 21, 2019
Government right now is historically unpopular, just as the free market is widely respected as the proper way to bring about social change.
Tuesday, May 21, 2019
The danger in American society today is not the arrival of new waves of immigrants from various other parts of the world compared to the past.
Tuesday, May 21, 2019
The firm has been in the business long enough to notice that certain users just don’t like to chat with their drivers. In order to keep these users happy (and prevent them from using another service in the future), Uber is rolling out a new “Quiet Mode” feature that gives the passenger the ability...
Monday, May 20, 2019
As Aleksandr Solzhenitsyn reminds us, the line between good and evil runs through the heart of every person — and a just cause is the most seductive nourishment of baser parts of our souls… of the abyss within.
Monday, May 20, 2019
The goal was to protect existing, politically influential producers from the competition of newer, more efficient firms.
Monday, May 20, 2019
Market manipulation would be so much easier if you didn’t declare what your price is relative to the station down the street. And yet, of all the things we buy on a regular basis, the price at the pump is the most visible.
Monday, May 20, 2019
When you play politics with international trade, you play a very dangerous game that can result in vast collateral damage.
Sunday, May 19, 2019
Freud once said Rome was a palimpsest—an organic place with many layers of history and textures of meaning. The same, we now know, can be said of the Marvel Cinematic Universe, which ensures that heroic archetypes of old live on to still influence, instruct, and inspire us today.
Saturday, May 18, 2019
Not all things are right with the world here yet. There is a very long way to go. The point is that people in this country now know that change can happen.
Friday, May 17, 2019
Before New York acquired its status as the financial center of the world, the honor of that title was reserved for London and, before then, Amsterdam for roughly a century each.
Friday, May 17, 2019
Every unforced decision to trade represents a spark of insight, a hope for a better future, and the instantiation of a human relationship that affirms the dignity of everyone involved. Sometimes that relationship is personal; it is even more awesome to consider the enormously complex impersonal...
Friday, May 17, 2019
Housing starts and permits improved in April, but the outlooks for the major segments vary widely.
Thursday, May 16, 2019
If enough students find the hyper-politicized classroom offerings in the humanities and social sciences to their disliking, they will eventually vote with their feet.
Thursday, May 16, 2019
The trade war is all cost and, so far, no benefit, says Edward Stringham. 
Thursday, May 16, 2019
When Louis observed an infraction by a member of his nobility, punishment was swift.  Just like on campus today. 
Thursday, May 16, 2019
The problem is that we have discarded importance in favor of interesting.
Thursday, May 16, 2019
Amazon is often portrayed as the big, bad corporation that helped kill brick-and-mortar stores nationwide. However, a recent report shows the online retailer has actually helped small businesses flourish, boosting their sales across state lines.
Thursday, May 16, 2019
Volatility is to be expected for new media of exchange. But one should also be able to trace a lot of that volatility to news.
Wednesday, May 15, 2019
Retail sales and industrial production fell in April, continuing the multi-month run of mixed results for the economy. However, continued economic expansion remains the most likely path.
Wednesday, May 15, 2019
If socialism can’t be made to work in such a small and simple case like this, why would one think that all these problems would go away once you expand the idea of common ownership to the whole of society and all existing goods?
Wednesday, May 15, 2019
When any particular outcome emerges from the market process that is not suitable for market participants, the market will adjust and, sooner or later, produce another, better outcome. By contrast, government failures are rarely improved with adjustments.
Wednesday, May 15, 2019
Some claim that, over the last decade, tight monetary policy slowed down what would otherwise have been a rather speedy recovery. Can that possibly be right?
Wednesday, May 15, 2019
The jury is still out on whether Dodd-Frank has made the financial system more robust. But we are starting to get a clearer picture of what impact it has had on compliance cost, bank lending, and bank consolidation.
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.

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