Daily Economy

Monday, August 20, 2018
The bottom line is that none of us can afford the true budgetary costs of the Democrat Socialist dream. And that’s just the financial costs. It says nothing about the stifling of innovation, of entrepreneurship, and of work under such plan. It’s amazing what twenty-five years can do to a political...
Sunday, August 19, 2018
When it comes to meaningful change, that type of cultural shift that really dissolves the blindfold created by collectivism, there’s nothing more effective than art.
Friday, August 17, 2018
Government bans are polarizing, constrain peoples’ behavior rather than changing it, must be enforced, and can be manipulated by corporate interests.
Friday, August 17, 2018
There is a core of the economic way of thinking that can be traced from Adam Smith to Vernon Smith and that deals with basic ideas about human rationality, human sociability, and the coordination of activity through time. Incentives, information, and innovation are part of this core as they derive...
Thursday, August 16, 2018
And yes, I’m glad that sea turtle no longer has a straw up his nose. I hope he wasn’t quickly eaten by a shark, which is the leading predator of these animals.
Thursday, August 16, 2018
The promise of the central bankers to act as the caretaker of the nation’s money is a great illusion. Even more preposterous is the claim of the central bankers that they could keep the economy on the path of a low-inflation economic growth path.
Thursday, August 16, 2018
AIER’s Sound Money Project has quickly established itself as a leading authority in monetary economics.
Wednesday, August 15, 2018
Retail sales for July rose 0.5 percent, marking the sixth consecutive month of gains. The report suggests that U.S. economic growth is maintaining strong momentum, supported by consumer spending.
Wednesday, August 15, 2018
What we’ve learned is that money can be privately produced. Hayek’s dream of choice in currency can be reality. What form it will take in the future no one can know for sure. What’s more, there is no end game here. The process of innovation will never stop. 
Wednesday, August 15, 2018
The features of monetary institutions that make them illiberal have a high likelihood of making them undemocratic as well.
Tuesday, August 14, 2018
The Small Business Optimism Index from the National Federation of Independent Business rose 0.7 points in July, coming in at 107.9, the second-highest in history, extending a run of 20 consecutive months above 100.
Tuesday, August 14, 2018
The consumer surplus that we derive from buying water, and other items, is enormous, almost incalculable.  The fact that all of these products, services, and useful things are available to us at low prices seems automatic, nothing very interesting or important. In fact, the capitalist system...
Tuesday, August 14, 2018
Eighty years after a remarkable colloquium in 1938, one that tried to assess the crisis of liberalism and what to do about it, the proceedings have finally been published. The results are tremendously revealing. The Walter Lippman Colloquium was indeed a seminal event that set the stage for the...
Tuesday, August 14, 2018
It is incredibly reckless to double taxes on imports from a particular country with the stroke of a pen. As robust and well-capitalized as the US is today, such actions foment more conflict, feed resentment, fuel nationalism, and take unnecessary risks with the economic well being of people the...
Tuesday, August 14, 2018
James was given unprecedented freedom with I Promise School, even though taxpayers are footing about 75 percent of the bill.
Monday, August 13, 2018
I understand why people often fear freedom or the consequences of breaking the rules, and thus acquiesce to government restrictions on their freedoms. But I fear that we have gone too far in this timid and cowardly compliance. So long as everyone respects everyone else's rights, we should have...
Sunday, August 12, 2018
Hard caps can seem like a tantalizingly easy way to “protect” both incumbent drivers and New Yorkers facing grinding traffic, but a close look at those caps questions just how effective they can be at their stated goals. And the issues facing both groups illuminate underlying problems with no easy...
Saturday, August 11, 2018
Every activist political movement eventually becomes a caricature of itself. This is certainly true of the so-called alt-right that blasted onto the cultural stage with its “Unite the Right” rally in Charlottesville, Virginia, in 2017.
Friday, August 10, 2018

AIER’s Everyday Price Index fell 0.1 percent in July while the Consumer Price Index was unchanged for the month.

Friday, August 10, 2018
If Paul Krugman wants to experience what a modernized P2P exchange of sound money feels like, my offer stands. I’m willing to help.

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