Daily Economy

Monday, September 17, 2018
If something is wrong in society, whom should be charged with fixing it? Today, there is a presumption that government should be.
Monday, September 17, 2018
When done well, economics regularly reveals that that which appears to the popular mind to be undeniably true is often a mirage, or at least highly questionable. No service performed by economists is as important as this one.
Saturday, September 15, 2018
The conditions have to be right to change the world. It takes men and women of great courage and patience. But it can happen. We owe everything to those in the past who have been willing to take that difficult road and dare to both dream and act on those dreams.
Saturday, September 15, 2018
Anti-Price Gouging Laws are either useless or harmful. 
Friday, September 14, 2018
AIER’s Business Cycle Conditions Leading Indicators index rebounded in the latest month, registering an 83 in August. The Roughly Coincident Indicators index held at 100 while the Lagging Indicators index also held steady, posting an 83 (see chart below). With all three indicators well above the...
Friday, September 14, 2018
Consumer Sentiment jumped in early September while retail sales and industrial production both posted modest gains though with mixed results among the details. Overall, the three reports suggest solid growth trends, supporting a positive outlook.
Friday, September 14, 2018
"Government and lobbying power can slow down the pace of change but they won’t stop progress." ~ Chloe Anagnos 
Friday, September 14, 2018
"Karl Marx gave the world the myth that economic crises are inherent to capitalism. Yet overwhelming evidence says they result from war and political unrest, or come from natural events." ~ Antony Mueller 
Thursday, September 13, 2018
AIER’s Everyday Price Index was unchanged in August, compared to a 0.1 percent gain in the Consumer Price Index. The EPI is not seasonally adjusted, so we compare it with the unadjusted CPI. Over the past 12 months, the EPI has risen 3.3 percent while the CPI is up 2.7 percent. The EPI measures...
Thursday, September 13, 2018
E-cigarettes certainly carry with them some complicated health problems. But in terms of getting a big, flashy regulatory win, they are far less complicated than many arguably more dangerous products whose sellers have both deeper pockets and connections within government.
Thursday, September 13, 2018
The political persecution of Harwood appears to have originated in the highest ranks of the Roosevelt Administration. As Harwood later recounted, an investigator showed him a copy of the Bulletin containing a handwritten directive to “investigate and stop this.” It was signed by Lauchlin Currie, a...
Wednesday, September 12, 2018
"Presidential attempts to influence the Fed did not start with, and will not end with, the current Chief Executive." ~ Pete Earle
Wednesday, September 12, 2018
"Pigou may have been too optimistic about the prospects for improving state action, but he had no illusions about the problem states faced in acting correctly." ~ Michael Munger 
Tuesday, September 11, 2018
"While we sit around wondering why blockchain and other technologies aren’t turning the world upside down before our very eyes, it’s instructive to remember that epoch-defining inventions of the past that we now reduce to a sentence or two actually took ages to unfold." ~ Max Gulker
Tuesday, September 11, 2018
The small-business-optimism index from the National Federation of Independent Business jumped to 108.8 in August, a new all-time high. Job openings also reached a new all-time high. Combined, these reports indicate on-going economic strength and support a positive outlook over the coming months and...
Tuesday, September 11, 2018
"It is not so much economic as political and philosophical: history must drive toward centralized power under great men and their intellectual advisors. Economic forces must be restricted to the bounds of the nation-state, because those bounds are the limits of the jurisdiction of the powers that...
Tuesday, September 11, 2018
"A crucial reason why monetary and fiscal planners fail traces to the indicators they use as the signposts for what they may need to do are themselves false signals hiding from view the reality of the complex market system." ~ Richard Ebeling 
Monday, September 10, 2018
"Giving judges discretion over sentencing helps the individual under review, society as a whole, and the taxpayer, who won’t have to financially support yet another nonviolent convict for decades into the future. But most importantly, it helps to lessen the burden that the drug war has placed on...
Monday, September 10, 2018
Can you explain why we Americans today, who are so much richer than were our great-great grandparents, are also so much more fearful than they were of peaceful immigrants?
Monday, September 10, 2018
"It is time to put an end to all corporate privilege. We should start by abolishing, completely and permanently, the Ex-Im Bank." ~ Veronique de Rugy

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