Daily Economy

Friday, August 10, 2018
The $1.5 trillion student-debt crisis is ongoing but can certainly be mitigated if colleges, government, and students work together.
Friday, August 10, 2018
Should the political order reflect a vision of society as a free association of individuals engaging in free exchange for mutual and general benefit and creating a complex society thereby?  Or should it come from one that sees membership of a collective entity as primary and allows trade among...
Friday, August 10, 2018
Despite Japan's perfect Keynesian-textbook policy making, the economy has not revived. As a legacy of the policies, the Japanese government debt has grown to a dimension rarely reached outside of times of war.
Thursday, August 9, 2018
Replacing a country’s failed currency with a reserve currency such as the dollar – so called “dollarization” – is not as easy as it sounds.  
Thursday, August 9, 2018
Fascism often is discussed as though it were the opposite of communism, but such is not precisely the case. Hitler, Mussolini, and Stalin were different in many respects; but the principles of their economic ideologies were the principles of socialism; their initial appeal was to the...
Thursday, August 9, 2018
State-run or state-privileged companies have for many decades dominated European markets. But the moment the opportunity arose for others to enter the market, those very companies faltered, while others are currently prevailing. The benefits are immense.
Wednesday, August 8, 2018
Rent-seeking is a problem that those on the left should have to answer for whenever they propose extensive new regulations. But as President Trump's recent steel tariffs show, the problem knows no political ideology, and is an inevitable occurrence at the friction point between personal connections...
Wednesday, August 8, 2018
I do not deny that countless other modern-day politicians are also mercantilists. But this fact doesn't mean that Trump is less of a mercantilist than he really is. He is a poster-boy for modern-day mercantilism.
Wednesday, August 8, 2018
Nearly 10 years after QE1 began, economists and pundits continue to ask whether the Fed’s expansionary monetary policy was effective. Instead, they should consider whether the Fed actually engaged in expansionary monetary policy.
Tuesday, August 7, 2018
The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the number of open positions in the private sector was essentially unchanged in June, holding at a very high level. Overall, the data relating to the labor market continue to show strength.
Tuesday, August 7, 2018
The Fed should focus entirely on the soundness of the dollar and the banking system. Innovations like cryptocurrency and the growing infrastructure associated with it are the business of private enterprise, not government and official institutions.
Tuesday, August 7, 2018
Serious fiscal crises are coming in the years ahead for the “entitlement” state. The long-run consequences of a host of short-run policies that have accumulated over the many decades are finally facing the American people just over the political horizon.
Tuesday, August 7, 2018
The blockchain can intermediate funds. That means the elements are in place for the development of a stable financial market.
Monday, August 6, 2018
But even after excluding all shoddily done studies of minimum wages, we’re still left with conflict in the conclusions. Fortunately, economic theory itself supplies clues as to why.
Monday, August 6, 2018
The direct and unavoidable result will be that all childbearing-age, low-income women are likely to pay for their potential absence from work through lower wages as employers will assume they will have to fill out for them when they take time off. There is no avoiding that.
Monday, August 6, 2018
There is no chance of finally censoring the future with any of the tools that molded the past. It’s done, that great migration from a things-based economy regulated by the state to an idea-based economy regulated only by the choices of the individuals that make up society itself.
Saturday, August 4, 2018
How is it possible in a free market to use “too much” electricity to mine Bitcoin? The problem lies in the pricing in our electricity markets, and it isn’t going away anytime soon.
Friday, August 3, 2018
The movement as it was known has been through ups and downs but it has finally settled on what Andrea knew all along. Liberty is a big tent with many iterations. Its roots are not in mass political organizing but in beautiful ideals and dreams of a freer world.
Friday, August 3, 2018
U.S. nonfarm payrolls added 157,000 jobs in July, below consensus expectations. However, job creation appears to have reaccelerated over the past ten months, supporting gains in hourly earnings. Overall, the report was upbeat.

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