Daily Economy

Monday, February 18, 2019
If the Green New Dealers have their way, the interventionist state will be taken to an entirely new and more destructive level as one great plan for global salvation is imposed on everyone, everywhere, with no avenues of escape in our age of electronic Big Brother surveillance and control.
Monday, February 18, 2019
I submit that Bastiat ranks, at the very least, among the greatest of all applied economic theorists. His work should be more widely known; it deserves much greater professional respect.
Monday, February 18, 2019
Americans don’t like public transit, and you can’t blame them. Inconvenience, ineffectiveness, and sluggishness are some of the main issues they often complain about when explaining why they aren’t taking the bus or riding the metro these days.
Sunday, February 17, 2019
Sorry, but it is historical fact that the German National Socialists was a nationalist party.
Saturday, February 16, 2019
Using an encrypted digital ledger – one that substitutes hashes for trust – eliminates vast numbers of layers and time. Time and trust equal counterparty risk. Automating this with blockchain drops the costs to a small fraction while increasing certainty.
Saturday, February 16, 2019
Financial intermediaries that might not stand a chance against blockchain technology were it allowed to develop in a vacuum instead might be strengthened by it.
Friday, February 15, 2019
We will never know for sure how much more quickly green-energy technologies might have developed if the New Deal had not squelched the sector by subsidizing its dirty alternative.
Friday, February 15, 2019
Industrial production fell 0.6 percent in January as vehicle assemblies fell 13.7 percent. The weak report continues a string of disappointing economic data and justifies a cautious outlook. However, economic expansion remains the most likely path.
Friday, February 15, 2019
There is never any good reason for government to subsidize a private company. Such handouts are appalling in their cronyism, in addition to being a sign of economic ignorance.
Friday, February 15, 2019
And as Uber Eats becomes one of the strongest players in the industry, despite its origin as a ride-sharing app, it’s become even clearer that when there’s a need, the market will find a way to make it possible. And it’s the customer who benefits as a result.
Thursday, February 14, 2019
Unfortunately, it didn't cross the privileged lawmaker's mind that, perhaps, this type of exchange is beneficial to those in line. After all, they accepted to stand in for a lobbyist in exchange for money whereas they could be outside in the cold otherwise, making no money or having to beg for...
Thursday, February 14, 2019
Retail sales fell sharply in December, the third decline in the last five months. Broadening weakness in the economy suggests caution is warranted.
Thursday, February 14, 2019
AIER’s Business Cycle Conditions Leading Indicators index fell 16 points to 42 in January. The result was the first reading below 50 since August 2016. The Roughly Coincident Indicators index fell to 92 while the Lagging Indicators index dropped to 75 (see chart). The string of four declines...
Thursday, February 14, 2019
Income tax history provides many lessons on both the effects and perils of high rates.
Thursday, February 14, 2019
Anti-socialism without a coherent alternative tends to degenerate into a contradictory, idiosyncratic, and logically incoherent case for some unstable, impure mixture of the two systems.
Thursday, February 14, 2019
Central banking should be boring. Surprises in the stance of monetary policy are almost always a bad thing. The best thing a central bank can do to achieve macroeconomic stability is to be very open about its future intended policies.
Wednesday, February 13, 2019
AIER’s Everyday Price Index fell 0.3 percent in January after dropping 0.9 percent in December. January marks the fourth consecutive decrease in the Everyday Price Index and the fifth drop in the last seven months. The EPI measures price changes people see in everyday purchases such as groceries,...
Wednesday, February 13, 2019
What is the strongest objection to the idea of liberty, markets, and a self-managing society? We’ve been subjected to vast numbers of them recently. Which is most compelling?
Wednesday, February 13, 2019
The classical liberalism of the 19th century needs to be the reborn new liberalism of the 21st century, to once more offer an ideal of individual freedom, free enterprise, impartial rule of law, and equality before the law.
Wednesday, February 13, 2019
Ten years have passed since Bitcoin was introduced, and it still isn't used much in online commerce. Will the Lightning Network get it back on track?  

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