Daily Economy

Monday, August 27, 2018
Trump’s trade war is heating up. How can the Fed ensure it doesn’t cool down our economy too much?
Sunday, August 26, 2018
A nationalism that presents itself as a friend of liberty is one that must willfully ignore that most bitter lessons of the last century, while eschewing the greatest lesson of all: the only true guarantor of liberty is liberty itself.
Saturday, August 25, 2018
The allegorical lesson here is that we are all captive of an elaborate game of Fantasy Citizen. In this game, the political parties pick their teams, foment conflict, reward points for infractions and altercations, and walk away with the spoils. What if instead we suddenly realized that sociology...
Friday, August 24, 2018
New orders for durable goods fell 0.2 percent in July, however, excluding aircraft, orders jumped 1.3 percent to a record high. The data suggest that demand remains strong and that the outlook for the economy remains positive.
Friday, August 24, 2018
What Farrier proves with “Dark Tourist” is that for every version of Anthony Bourdain’s “No Reservation,” where the host connects with the locals and draws profound lessons from their way of living, there’s a tourist who just wants to get skin-deep into the next attraction, just so he can then move...
Friday, August 24, 2018
Right now, we have a disordered and dysfunctional money system. This poses very acute risks and dangers that because of the nature or money can have system-wide effects. We should look at how monetary systems have been reformed in previous times, and also rethink the way money is commonly taught...
Thursday, August 23, 2018
Sales of new single-family homes fell 1.7 percent in July. Slowing sales are coinciding with slowing construction suggesting new-home building is unlikely to contribute significantly to growth in coming quarters.
Thursday, August 23, 2018
There is no particular reason to expect that education or intellectual interests are an advantage in cultivating a habit of awareness of the sort Kirzner highlights. But there are very good reasons to argue that profits, deserved or not, are something that entrepreneurs should be legally entitled...
Thursday, August 23, 2018
Since 2010, the balance sheet of the Turkish central bank has more than tripled. This expansion came as the result of putting an end to the independence of the Turkish central bank by Turkey’s president Recep Tayyip Erdogan. He was democratically elected in 2014 and re-elected in 2018. Over the...
Thursday, August 23, 2018
Would a self-governing society ever choose to delegate the broad monetary, financial, and regulatory powers now enjoyed by central banks?
Wednesday, August 22, 2018
Sales of existing homes fell in July, the fourth consecutive decline. Declining affordability due to rising home prices and rising interest rates is likely to continue weighing on housing activity in coming quarters.
Wednesday, August 22, 2018
Jeffrey Tucker was on this interview with Dave Rubin. Part 2 covers the history of Right Hegelianism and it is coming up. Part 1 here covers the history and meaning of liberalism. 
Wednesday, August 22, 2018
The Chinese government’s insistence on “making China great again” through various forms of command and control (at home and abroad) suggests that things are not likely to work out according to plan.
Wednesday, August 22, 2018
Weaponizing one’s influence over expectations can certainly shake up a political scene. But it also serves to shake markets, the source of material prosperity.
Tuesday, August 21, 2018
The social-media world of the future will not be centralized. It will take many different forms, and the replacement for Facebook is not likely to be a copy. It will be something else entirely, and we can see this already happening. This realization will force us all to come to terms with a reality...
Tuesday, August 21, 2018
A new NBER working paper shows how cryptocurrencies have no exposure to most common stock market risks but do have their own exposure.
Tuesday, August 21, 2018
While there are imperfections in today’s economy in general and its system of corporate governance in particular, these are nowhere as extensive and threatening as Sen. Warren thinks them to be. And these imperfections are certainly not so serious as to justify any militant and wholesale...
Monday, August 20, 2018
AIER’s Business Cycle Conditions Leading Indicators index eased back in July, registering a 79 following a 92. The Roughly Coincident Indicators index returned to a perfect 100 reading while the Lagging Indicators index fell to 83 (see chart below). Despite the mixed results, the AIER business...
Monday, August 20, 2018
The consequences of proposed exit strategies deserve serious attention. Schnabl’s work is a step in the right direction.
Monday, August 20, 2018
The response by the EU has been mind boggling: instead of relaxing its tight rules, it has doubled down, and in recent years expanded its War on Innovation ever more.

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