Daily Economy

Monday, November 26, 2018
Sven Schütt is a visiting scholar at AIER and a MA student in the PPE program at Cevro, specializing in Austrian Economics and behavioral policy making. He is writing his MA thesis on Special Economic Zones and how they can help our nation's wealth.
Monday, November 26, 2018
There is an indissoluble link between capitalism and the stock market. Over the long run, stocks will rise when capitalism flourishes and fall when the entrepreneurial spirit wilts. Therefore, a crash is not to blame on the stock market but on the erosion of capitalism that has preceded the...
Monday, November 26, 2018
But despite the campaigners’ enthusiasm for the idea, smokers are known for not smoking fewer cigarettes when prices rise. Instead, they either ignore the hikes or find different ways to get their hands on nicotine products — and that includes resorting to the black market.
Sunday, November 25, 2018
What theatergoers don’t entirely realize is that they are watching something even more wonderful than what they see. In this one ballet, we gain a picture of a prosperous world that emerged in the late nineteenth century, was shortly shattered by war and revolution, and then was nearly killed off...
Sunday, November 25, 2018
Harwood could not remain silent and still call himself a man of honor. He established AIER in response, an institution dedicated to the fight for integrity, sound money, and free markets. The confrontations with Washington continued over the decades.
Saturday, November 24, 2018
Claiming to be looking after the homeless’ safety, health officials said the food, which is prepared by volunteers at their own homes, is not good enough for people living on the street. After all, home-cooked meals could expose the needy to food-borne illness.
Saturday, November 24, 2018
The political and economic outlook undergirding the market order is often called individualism because of the central role of human volition in its unfolding. At the same time, this individualism creates a beautiful community of enterprise, one far more reliable, effective, and life-affirming that...
Saturday, November 24, 2018
The division of labor can be cultivated in a setting with no history of prosperity, and highly productive specialization can be fostered even in people who have no special knowledge or abilities at the outset.
Friday, November 23, 2018
The combined effort of the central banks of the United States, Japan, and Europe to “stimulate” their economies has initiated an asset price bubble.
Thursday, November 22, 2018
Here’s the thing about international trade. When it is interrupted, even if only in a limited way, it affects everything — not immediately, but over time. Costs of production rise. Consumer prices rise. Trade routes are lost. Supply chains are disrupted. Retaliation is inevitable because...
Wednesday, November 21, 2018
If Congress follows his lead and passes the piece of legislation in the following months, this will be the first time lawmakers take on the draconian sentencing practices that activists have long associated with the immoral war on drugs.
Wednesday, November 21, 2018
There is a solution to the rise of nationalism. That solution is self-determination. It would have worked after the First World War, had it been tried, and it will work today. 
Tuesday, November 20, 2018
A drop in new housing permits and a plunge in homebuilder sentiment suggest the outlook for housing remains cautious.
Tuesday, November 20, 2018
By making these lost Spooner treatises available again after more than a century in seclusion, it is my hope that they will both further our historical understanding of the time in which they were written and offer relevant insights to the evolution of economic ideas in the present day.
Tuesday, November 20, 2018
This remarkable book was published in 1932. E.C. Harwood’s ideas about inflation and the business cycle have relevance for our knowledge and for policy discussions today.
Tuesday, November 20, 2018
Women have come a long way. Isn’t it ironic, then, that women’s freedoms are today being constrained by misguided government policies enacted in the name of increasing that freedom? In other words, there are still battles yet to be won and disasters yet to prevent.
Tuesday, November 20, 2018
Amazon's highly coveted HQ2 is probably a good deal for company and cities alike, but for the rest of us, it’s just another frustrating example of what happens when big business and big government join hands.
Monday, November 19, 2018
All the essential tools for making clothing super white have been deprecated, mostly by government regulations.
Monday, November 19, 2018
Sweden has been at the forefront of monetary experimentation for centuries. Now they have the distinction of being the only country in the world to experience declining growth in cash in circulation.
Monday, November 19, 2018
One of the most common faulty premises that infects discussions of economic policy is the premise that a country is like a private for-profit company, only larger. Nearly everything that the United States President says about trade makes sense if you understand him to believe that the United States...

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