Daily Economy

Monday, May 21, 2018
If we had a genuine free market in food – and the market is doing its best with the Amazon acquisition of Whole Foods – we would also likely see a greater alignment between what is affordable and what is actually good food for human consumption. It would be nice at least to be able to test this,...
Monday, May 21, 2018
California wants every home to come with a solar panel. In an unprecedented move, it is now the first US state to require solar panels on the majority of houses built after January 2020.
Monday, May 21, 2018
Rule-of-law monetary systems are more ethically justifiable. They also work better.
Sunday, May 20, 2018
Two golden summers at the American Institute for Economic Research gently reshaped my philosophical outlook and personal life forever—much for the better. My 1981 and 1982 summer fellowships helped instill a deep appreciation for the intensely personal nature of economic markets, and they steered...
Friday, May 18, 2018
Monetary theory is beautifully simple. The fundamental principle of economization underlies decisions to hold money or goods and what form of money to hold.
Thursday, May 17, 2018
Many models in macroeconomics ignore money. A new paper by Ricardo Lagos and Shengxing Zhang suggests that is a mistake.
Wednesday, May 16, 2018
Can stablecoins compete with existing government currencies?
Wednesday, May 16, 2018
A little-known fact about New York state is that it has virtually no for-profit community hospitals. Thanks to laws in place since the mid-1960s, the Empire State effectively bans hospital ownership by corporations and discourages private investment.
Wednesday, May 16, 2018
As it turns out, many people have needs that cannot be appreciated or discerned in advance by intellectuals. Many times, they cannot even understand them. This has been obvious since the late 19th century, when the socialist critique of the capitalist market underwent a huge shift. The Marxists had...
Tuesday, May 15, 2018
Retail sales rose 0.3 percent in April following a 0.8 percent increase in March. The April gain suggests that second-quarter GDP growth is off to a solid start.
Tuesday, May 15, 2018
The company ZTE (Zhongxing Telecommunications Equipment) in Shanghai had employed as many 75,000, and does business in 160 nations, while relying heavily on importing American component parts and manufacturing cellphones and other digital equipment. The US Commerce Department came down hard on the...
Tuesday, May 15, 2018
The fact that about half of altcoins failed or came close to doing so over five years is a promising sign for that market, rather than an indictment of anything not named Bitcoin.
Tuesday, May 15, 2018
Despite capitalism's track record of producing wealthier and enviromentally-conscious societies, decision makers across the globe keep insisting on anti-market and Malthusian-like measures as the best solutions to combat climate change.
Monday, May 14, 2018
Markets require that people play nice. Give these same people a forum in which to argue politics and they become barbaric. Why is that?
Monday, May 14, 2018
Since its inception in the 1970s, hip-hop has used music to highlight issues such as the war on drugs, police brutality, poverty, and the treatment of minorities in the United States.
Friday, May 11, 2018
The rise of the city scooter as part of the app economy is a fantastic example of how markets generate solutions in the face of intractable problems. The more people tool around on these wonderful scooters, the lighter the traffic, the cleaner the city, and the happier people are. Note that no...
Friday, May 11, 2018
AIER’s Business Cycle Conditions Leading Indicators index posted its second straight 100 in April as all 12 individual indicators continue to expand. The Roughly Coincident Indicators index also registered its second consecutive perfect 100 and its 11th 100 in the past 14 months. The Lagging...
Friday, May 11, 2018
A decade ago, I was a fractional-reserve banking skeptic. Today, I’m all for it. Here’s why.
Thursday, May 10, 2018
Argentina still runs a large public deficit, and the Macri administration continues to finance this deficit partly with the same mechanisms as Kirchner did. The chickens, however, have come home to roost, and this predatory policy is coming to an end.
Thursday, May 10, 2018
AIER’s Everyday Price Index jumped 0.8 percent in April, ahead of the 0.4 percent gain in the Consumer Price Index. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. The EPI is not seasonally adjusted, so we compare it with...

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