Daily Economy Articles

Friday, August 2, 2019
The theory that Facebook acquired Instagram and WhatsApp primarily to squelch future competition represents a view of antitrust that is simplistic and naive. It also endangers a startup business model that has produced incalculable benefits through innovation.
Friday, August 2, 2019
The human imagination has a way of inventing an infinite number of reasons why the personal ego is superior to logic and evidence. 
Friday, August 2, 2019
A solid though not spectacular July jobs report points to continued modest economic growth. It also adds to the uncertainty around monetary policy, making justification for the most recent rate cut and future rate cuts more difficult.
Friday, August 2, 2019
Smith demonstrated that if you really want to help other people, especially poor people, you need to support the growth of commercial society all over the globe.  
Friday, August 2, 2019
For a child of a banker, John Lanchester manages to get a lot of banking backwards.
Thursday, August 1, 2019
The Manufacturing Purchasing Managers Index posted its fourth-straight decline and lowest reading since September 2016. Mixed economic data continue to suggest a high degree of caution amid slow economic expansion.
Thursday, August 1, 2019
The use of the lobotomy in US medical history is a shocking and concerning event which continues to leave physicians and historians asking how such a thing could happen. Now we know.
Thursday, August 1, 2019
The approach of unconditional help regardless of the results doesn’t work in our private lives. How much worse is it when taxpayers are paying the bill?
Wednesday, July 31, 2019
Edward Stringham speaks on Yahoo Finance on the strange timing of the Fed's interest rate moves. 
Wednesday, July 31, 2019
ADP estimates 156,000 new jobs were created in July. Overall, the labor market remains solid, and while uncertainty over trade and monetary policy remain, the most likely path is for continued expansion.
Wednesday, July 31, 2019
The US women’s national team have claimed their second consecutive World Cup. Exciting fans with a brilliant run throughout the season. Unfortunately, the celebration of female accomplishment cannot exist without being shadowed by the fake gender war politics of the current year.
Wednesday, July 31, 2019
Although the multiplication of national gold standards that gave rise to the classical gold standard was partly accidental and partly the outcome of deliberate legislation, market forces also played an important part in it.
Wednesday, July 31, 2019
Milton Friedman was the very model of a careful thinker, a first-rate scholar, and a clear communicator. He left an intellectual and institutional legacy that will be often imitated but likely never equaled. Our world is better because he was with us.
Tuesday, July 30, 2019
You can learn a tremendous amount of theory and history from these two masters of the craft– and also discover how to have a great time while trying to alert the world to what is the single most important choice we face in the entire world today: freedom or government control.
Tuesday, July 30, 2019
Consumer confidence rebounded in July and remains at a high level. However, persistently rising home prices are weighing on housing activity.
Tuesday, July 30, 2019
Despite the Washington Post's claims of a transatlantic friendship, there's no evidence that Abraham Lincoln even knew - or cared - who Karl Marx was.
Tuesday, July 30, 2019
The presumption that wealth inequality necessarily leads to social upheaval is specious, unproven, and manipulative.
Monday, July 29, 2019
New data show the trade war initiated last year by the United States is costing the global economy dearly.
Monday, July 29, 2019
Yoram Hazony’s call for a conservative traditionalism supported by government through enforced public schooling and political propagandizing in the public square for developing “honorable” conduct among the citizenry is another variation on the collectivist and statist theme.
Monday, July 29, 2019
In 1975 a ten-cup drip coffee maker cost the ordinary American worker almost 8 hours of work time; today it costs that worker only 45 minutes.
Monday, July 29, 2019
The proper framing of the terms of the debate is a remarkable achievement that fundamentally upsets the current political narrative. That’s what this video achieves.
Sunday, July 28, 2019
The Coalition for a Prosperous America writes as if tariffs will miraculously cause the workers and resources necessary to perform all this new production to materialize out of thin air – a proposition that causes one to laugh as one does when reading The Onion.
Sunday, July 28, 2019
Until they were transformed by ideas and culture, minerals and oil were just so much dirt and goo.
Saturday, July 27, 2019
Modern banking is a wonderful technology. Understanding how regulation shapes it and contributes to the outcomes we observe is of great importance.
Friday, July 26, 2019
In grocery stores, schools, and democracies, our voices need to be raised and heard, even when the message goes against the grain. That is how free people prosper.
Friday, July 26, 2019
Apparently nobody, not even the Gray Lady, rigorously fact checks anymore. Or is it that only books reviewed in a few elite outlets count and none happen to critique finance from the non-left? Heck, I can almost hear the editors ask themselves: Only people on the left write the right kind of books...
Friday, July 26, 2019
In a world where it sometimes feels like free market advocates are tolerating more intervention in our economy than we would have ever predicted, Lavoie calls upon us never to forget the abiding importance of remaining true to one’s belief in the power and humanity of markets.
Friday, July 26, 2019
The pension funding deficit of OECD countries could be twice the size of global GDP within a decade.
Thursday, July 25, 2019
Home sales rebounded in June. However, little evidence supports an expectation of a significant, sustained acceleration in housing activity in the coming months and quarters.
Thursday, July 25, 2019
Cash's usage in payments has been steadily declining as a percentage of all payments, especially in the developed world. Given the list of cash's advantages, it's probably worth the effort of protecting this grungy and unsexy payments option. But what can we do?
Thursday, July 25, 2019
"The reason why Amazon is beloved by consumers is because it puts the internet to work by making shopping a more pleasant and convenient experience." ~ Chloe Anagnos
Thursday, July 25, 2019
Durable-goods orders rose in June, and core capital-goods orders are holding at a high level. Continued economic expansion remains the most likely path, but policy uncertainty remains a risk.
Wednesday, July 24, 2019
What decentralized finance really needs is something entirely new. Something that regular finance can't replicate. Something so useful that regular consumers will desert their bank to use it. This killer tool hasn’t been created.
Wednesday, July 24, 2019
It’s my habit, and maybe it should be yours, to celebrate every bit of freedom we gain back from the armies of authoritarians who wield the power of the state to improve our lives. It took one hundred years, but they finally got their mitts off this one market.
Tuesday, July 23, 2019
Despite falling mortgage rates, existing-home sales fell and home-price increases decelerated in May.
Tuesday, July 23, 2019
Mandatory busing as advocated by many Democratic candidates is less a bad answer than the only answer to a terribly framed question emblematic of today’s miserable political landscape.
Tuesday, July 23, 2019
The American nation is and should be a country of free individuals bound together by a belief in a society of liberty, not a collective mythology of tribes, races, or “classes” to which the individual is subservient and for which he may be sacrificed and subjugated.
Monday, July 22, 2019
It's one of the great ironies of intellectual/political history how the Left and Right blend into a single oppositional force to the free society.
Monday, July 22, 2019
As the granddaughter of a survivor of communism and socialism, I find it almost unfathomable that the political ideology my family left a continent for is creeping into my neighborhood.
Monday, July 22, 2019
A great divide is opening between older socialists like Sanders and 'The Squad'

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