Daily Economy

Wednesday, October 31, 2018
Chinese traction in the small but hypersensitive banknote market indicates that it is succeeding in earning global credibility. But most sizable nations continue to rely on their own state print works.
Tuesday, October 30, 2018
Consumer Confidence rose for the fourth month in a row to 137.9, the highest level since September 2000 and just 6.8 points below the all-time record.
Tuesday, October 30, 2018
The say that you have in the market is always real and effective.
Tuesday, October 30, 2018
If you were to take Teen Vogue’s word for it, you would think that capitalism is “exploitative and leads to a brutally divided society that tramples the working classes in favor of fattening the rich’s wallets.”
Tuesday, October 30, 2018
The argument that politics is controlled by some of the wealthy and run for their benefit is largely correct, but the conclusion should be that we should restrict their opportunity to do this by limiting politics and government, not that we should expand them.
Monday, October 29, 2018
There are ways to not just create jobs but empower people to do work of greater value.
Monday, October 29, 2018
A new NBER working paper considers how actions in the federal funds market affect stock prices and trade volume.
Sunday, October 28, 2018
When people think about Halloween, they think about candy, children in costumes, and scary decorations. I think about all these things too, obviously, but I find myself thinking also about sugar subsidies.
Friday, October 26, 2018
The economy is in depression, the unemployment rate is in the double digits, and the fiscal situation is bleak.
Friday, October 26, 2018
Real gross domestic product rose at a 3.5 percent annualized rate in the third quarter, driven primarily by strong gains in consumer spending. A positive outlook is further support by the results of the AIER Leading Indicators index, which scored a healthy 88 in September.  
Friday, October 26, 2018
One of the beautiful aspects of Bitcoin is that the creator is still unknown.
Friday, October 26, 2018
Long-run growth projections have plummeted since the Great Recession. How much blame does fiscal austerity bear for this bleak outlook?
Thursday, October 25, 2018
Society is much closer to a complex biological organism than to a matrix of engineering principles with explicit, contingent rules.
Thursday, October 25, 2018
New orders for durable goods increased 0.8 percent in September while new orders for core capital goods fell 0.1 percent. Today’s data are generally positive, but core capital-goods orders have been essentially flat over the past two months.
Thursday, October 25, 2018
To understand the awesome power of heterogeneity is to adopt a different outlook on society itself. It is to embrace the core liberal claim: society doesn’t need top-down management, because it contains within itself the capacity for its own management.
Thursday, October 25, 2018
Bagehot’s rules are ultimately geared toward assisting illiquid financial organizations but allowing insolvent ones to fail. The Fed went out of its way to support insolvent organizations.
Wednesday, October 24, 2018
Sales of new single-family homes fell 5.5 percent in September, the fourth decline in a row, while inventory rose for the sixth straight month putting the months’ supply at the highest since 2011. Rising home prices and higher interest rates are likely to weigh on housing activity over coming...
Wednesday, October 24, 2018
Money did not originate in the laws or decrees of kings and princes. Money, as the generally accepted medium of exchange, emerged out of the market transactions of a growing number of buyers and sellers in an expanding arena of trade.
Wednesday, October 24, 2018
Voting may be many things, but the least of them is self-expression. Conceding the sufficiency of multi-billion dollar political contests among highly vetted, meticulously-coached candidates is a guaranteed road to self-negation.
Wednesday, October 24, 2018
As users have started losing confidence in Facebook after the firm’s decision to purge hundreds of popular pages from the platform, it will be only a matter of time until a strong competitor enters the picture.

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