Daily Economy

Friday, June 1, 2018
Blockchain enthusiasts often focus on the potential for smart contracts to replace biased and fallible humans with cut-and-dry computer code. But this emphasis on code over humans can confuse both the definition and true potential of smart contacts.
Friday, June 1, 2018
Some Keynesians argue that today’s combination of low inflation and unemployment contradicts the natural-rate hypothesis. But is the labor market really as robust as they claim?
Thursday, May 31, 2018
Polls have found that consumers in many countries have come to expect only a two-to-three-day wait for an order to arrive. Cities and states stand to gain if they get the rules that constrain warehouse development and street space right.
Wednesday, May 30, 2018
Incumbents are so scared that they spent over $1.4 million in 2017 alone on lobbying for bills to restrict the operation of car-sharing startups or to impose the same laws and taxes applied to car-rental companies. However, Turo’s path to success shows that innovation in the industry was long...
Wednesday, May 30, 2018
If the central bank should keep inflation in check, what sense does it make to ignore changes in food and energy prices?
Monday, May 28, 2018
The film brilliantly shows the wild jockeying for power that follows Stalin’s death, with fantastic portrayals of all the important figures from this period: Nikita Khrushchev, Lavrently Beria, Vyacheslav Molotov, Andrey Andreyev, Georgy Zhukov. It also serves as an excellent guide to what actually...
Monday, May 28, 2018
This week, it was my pleasure to sit on a panel with Gavin Brennen of Macquarie University in Sydney, Australia, a physicist and one of the world experts on this topic. He presented a very nice paper that examined this question in some detail. He began with his frustration over the headlines that...
Monday, May 28, 2018
In setting the right incentives for criminals to want to cooperate with law enforcement—for selfish reasons—lies the success of Brazil's crusade against corruption.
Monday, May 28, 2018
Bitcoin is cheap and easy to use. But it has a long way to go before becoming widely accepted.
Sunday, May 27, 2018
The equation of exchange provides building blocks for understanding the dynamics of the market for money.
Saturday, May 26, 2018
Keeping the consumer price level stable in the presence of productivity gains does not mean inflation disappears.
Friday, May 25, 2018
After two decades of working toward solutions to the problem of email spam, government just caused the worst flurry in years – by mandate.
Friday, May 25, 2018
The hotel room in Sydney, Australia, didn’t have a coffee pot. But there was a water heater and some packages of instant coffee. Blech, right? That’s what I remember from the old days, meaning some uncertain point in the past. But desperation forced experimentation. I heated the water, poured the...
Thursday, May 24, 2018
Blockchain and Us is an eye-opening documentary that packs 20 interviews with software developers, cryptographers, regulators, entrepreneurs, consultants, and futurists from the United States, Canada, the United Kingdom, Switzerland, and Australia.
Thursday, May 24, 2018
The post offices of the world are like the last of the dinosaurs roaming the earth long after evolution selected against their existence.
Wednesday, May 23, 2018
The presence of a congestion-priced option will improve infrastructure region-wide. Making the tolled option easier to use will make for a better driving experience, even for those who don’t choose it.
Tuesday, May 22, 2018
It’s not at all surprising that with the highly politicized environment of the US, with ever more controls, more people are looking for new ways to live a peaceful life. It only takes one visit to a paradise like St. Kitts to get the mind turning toward dreams of a new start, a life of peace and...
Tuesday, May 22, 2018
The once-dead Phillips curve has come back to life. But its underlying argument is still dead wrong.
Monday, May 21, 2018
Blockchain technology could be as big as they say. The particular assets and governance models behind them are subject to the market test, both in terms of the price and their ultimate viability.
Monday, May 21, 2018
NFL star J.J. Watt is a model for how society can care for itself, privately and voluntarily.

Pages