Daily Economy

Sunday, November 18, 2018
The public discourse concerning the state of the financial system that once took place in trade associations and committees of concerned citizens has disappeared, replaced by a cold and sterile managerialism practiced by an insular and self-perpetuating macroeconomic elite.
Friday, November 16, 2018
The wonderful movie based on the life of Freddie Mercury and his band makes a great case that commerce can be and is the friend to art. It has always been so, but we are only now fully coming to terms with what this implies for the artistic endeavor generally.
Friday, November 16, 2018
The manufacturing resurgence continued as output rose 0.3 percent in October, the fifth monthly gain in a row, resulting in an annualized growth rate of 5.0 percent over the period.
Friday, November 16, 2018
AIER’s Business Cycle Conditions Leading Indicators index pulled back in October, dropping to 83 following an 88 in September. The Roughly Coincident Indicators index dropped to 92 while the Lagging Indicators index held steady, posting an 83 (see chart). Despite the declines, the AIER business...
Friday, November 16, 2018
If our entrepreneurial innovators had to get permission prior to introducing their innovations, we would still be walking around or perhaps at best riding on the backs of beasts.
Thursday, November 15, 2018
Retail sales and initial claims data show the economy remains generally healthy. However, uncertainty around U.S. economic policies and broadening global economic risks have the potential to negatively impact the economic expansion.
Thursday, November 15, 2018
Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.
Thursday, November 15, 2018
A new NBER working paper uses bank-level financial and county-level agricultural data to show how risky lending might amplify the boom and bust.  
Wednesday, November 14, 2018
AIER’s Everyday Price Index fell 0.1 percent in October after being unchanged in September. Over the past four months, the EPI has fallen 0.1 percent in two (October and July) and been unchanged in two (August and September). The EPI measures price changes people see in everyday purchases such as...
Wednesday, November 14, 2018
Power couple Kanye West and Kim Kardashian West are not just leading by example by getting involved with criminal justice reform; they are also teaching the world a valuable lesson on the importance of free market mechanisms and how to save properties and lives.
Wednesday, November 14, 2018
Remember: numerical measures are by their very nature retrospective. Epistemologically, information derived exclusively from data analysis will by be both backward-looking and prone to the shortcomings associated with the snapshot fallacy. Which is to say: they are essentially without context.
Wednesday, November 14, 2018
That the President's words were just passed over without comment or criticism tragically shows how far we’ve strayed from the ideas and ideals on which the country was founded.
Tuesday, November 13, 2018
Julian Simon’s most notable contribution is his demonstration that the human mind is, as he described it, “the ultimate resource.” The human mind is the ultimate resource because it, and only it, creates all of the other economically valuable inputs that we call “resources.”
Tuesday, November 13, 2018
International trade is millions of mutually beneficial, voluntary transactions between firms and consumers that happen to lie across international borders. But that’s not how politicians or many in the general public conceptualize it.
Monday, November 12, 2018
The Hudson train station is especially charming. Indoors features lots of woodwork with a ticket window with iron bars and an old sign above it that says: TICKETS. There are benches around the periphery. You expect to meet an old guy there who is complaining about the policies of President Harding.
Monday, November 12, 2018
Despite the warnings made by many economists who urge officials to rethink putting additional restrictions on home-sharing services, residents from other European countries have also been pressuring officials to “do something” about all the prosperity the services have helped to provide.
Sunday, November 11, 2018
American politics today seems ever more a contest between two forms of state control – progressive/socialist and nationalist/fascist – with both sides deploying populist states of mass agitation with the hope of deploying power to achieve their ends. Where are the liberals? Not many even claim the...
Saturday, November 10, 2018
The Incredibles must discover the fortitude to push through and say no to those who want to bury talent in a thicket of mediocracy.
Friday, November 9, 2018
Consumer sentiment indicators remain at broadly favorable levels but rising interest rates and accelerating price increases are starting to have an impact.
Friday, November 9, 2018
Tuesday’s outcome was good for the freedom to consume and not to be jailed for your consumption choices.

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