Daily Economy

Monday, September 3, 2018
The following tale about trade, protectionism, and trade agreements is more realistic than it seems on the surface.
Saturday, September 1, 2018
Coyne and Hall argue forcefully for cultivating a consistent anti-war ideology, one grounded in the economic analysis of the true costs of militarization.
Friday, August 31, 2018
The Rubin Report has been an important source for the dissemination of sound economic ideas.  
Friday, August 31, 2018
So many wonderful things are happening at the American Institute for Economic Research.
Friday, August 31, 2018
It is simply false to think that production and distribution can be separated, much less that they should be.
Thursday, August 30, 2018
Personal income rose 0.3 percent in July while total personal consumption expenditures (PCE) rose 0.4 percent. Gains in disposable income should provide support for future increases in spending and suggest a positive outlook for the economy.
Thursday, August 30, 2018
Why do economists believe that the level of GDP we observe is merely nominal and that something called real GDP, which one cannot observe directly, actually exists?
Thursday, August 30, 2018
A new recession would not only mean lower or even negative economic growth rates, it would also induce governments to increase public spending. Then, the public debt quotient (debt over gross domestic product) would rise because of a lower denominator and a higher numerator. With the interest rate...
Wednesday, August 29, 2018
Far from a vindication, the mid-20th century experience of the United States actually points to the futility of using confiscatory tax rates to counteract inequality. 
Wednesday, August 29, 2018
Revised estimates show the U.S. economy grew at a 4.2 percent annual rate in the second quarter while after-tax profits rose 3.7 percent to a record $1,968.5 billion at an annual rate.
Wednesday, August 29, 2018
Money is not just what the government says it is. The market has been struggling to create alternatives for a very long time.
Wednesday, August 29, 2018
Should it be the business of any central bank to be targeting or setting interest rates, or should this be the business of the market forces of supply and demand, as with any other price in the economy?
Wednesday, August 29, 2018
People use money. That itself tells us something about why we shouldn’t eliminate it.
Tuesday, August 28, 2018
Consumer Confidence rose for the second month in a row, to the highest level since October 2000. Overall, consumer attitudes remain at historically favorable levels, suggesting support for future gains in consumer spending and overall economic growth.  
Tuesday, August 28, 2018
Fans will be fans. Peanut galleries will always be with us. It’s entertainment, and a major reason why we actually like sports, music, and books. Everyone is a critic. That’s all fine. But let’s not forget the profound difference between those who do and those who pretend to do, nor the difference...
Tuesday, August 28, 2018
The best conclusion that can be drawn from examining these instances is that in response to the familiar rhetorical query – “Are we going the way of the Romans?” – one can reply, truthfully: “No; they occasionally reformed their currency.”
Tuesday, August 28, 2018
A new proposal would have the Federal Reserve provide interest-paying no-fee deposit accounts to the public.
Monday, August 27, 2018
It is not serious thought to go around simply demanding that everything be free. That demand solves no problem that has occupied the world of economics for a thousand years. Try to implement it and someone, everyone, is going to pay – long lines, impossible high taxes, hyperinflation, material...
Monday, August 27, 2018
Overstating how misinformed, unrealistic, and just plain wacky are the economics that underlie these proposals of Sens. Warren and Sanders is impossible. Also impossible to overstate is the amount of damage that enactment of these proposals would inflict on the American economy.
Monday, August 27, 2018
Not only does our politics drive a wedge between the public and the political community, but it places certain privileged political actors in a position to be tyrants over their fellow citizens. They govern over and not with others in the society under examination.

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