Daily Economy

Monday, January 28, 2019
The history of tamales offers a powerful historical lesson about humility: most of the time, we don’t understand why rules are good, and we certainly should doubt our ability to choose reforms that will be better.
Saturday, January 26, 2019
Edward Stringham on Fox Business, commenting on the new popularity of socialist economics. 
Saturday, January 26, 2019
Anti-discrimination law interrupts important information flows that enable buyers to make rational decisions, supporting values of which they approve and denying funds to people with values of which they disapprove. These laws thereby interrupt the feedback mechanism that makes market democracy...
Friday, January 25, 2019
Strong centralized nation-states are good at marshaling resources to defeat other nations in wars. But how have more recent “wars” we’ve fought against drugs, poverty, and terrorism turned out? Society has gone through staggering changes since 1941, and so have the problems we face. The left should...
Friday, January 25, 2019
Imagine if a company behaved this way, and refused to get audited for 26 years straight and then failed its audit. How long do you think its investors would stick around?
Thursday, January 24, 2019
Scheduled to take place in April and May 2017, the Fyre Festival became a cautionary tale about events hyped by social media influencers. But as it turned out, it also became a great example of how civil society can use technology for good.
Thursday, January 24, 2019
Those who cite low interest rates on government debt miss the point. It is not the price of government borrowing that matters. Rather, it is the opportunity cost of government borrowing to society.
Thursday, January 24, 2019
The modern idea of freedom was born with the rise of the commercial economy and the independence of its business sector. That independence should be sacrosanct.
Wednesday, January 23, 2019
Existing-home sales declined in December and are 12.8 percent below the November 2017 peak. Home prices, interest rates, and uncertainty are all contributing to the weakness.
Wednesday, January 23, 2019
Economists Emmanuel Saez and Gabriel Zucman claim we need a 70% tax rate to stem inequality. Their argument derives from a misreading of U.S. tax history.
Wednesday, January 23, 2019
We rely on competitive markets to supply us with “correct” quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. So why do we not rely on competitive markets to supply us with the “correct” quantity of money?
Tuesday, January 22, 2019
Understanding their misguided political assumptions and the damaging economic consequences that would follow from their coming to power is essential if a “green” road to serfdom is to be avoided.
Tuesday, January 22, 2019
Imagine that a new university has been built, and you are on the committee charged with laying out the sidewalks. What would you do?
Tuesday, January 22, 2019
That number sums all the improper payments by what the government calls high-priority programs. If it makes your head spin, it should.
Monday, January 21, 2019
Material acquisition and love of one’s neighbor are harmonious. It’s the combination of the two that makes up the driving force of economic progress.
Monday, January 21, 2019
Find any biological trait, posit it as a collective interest, set that trait against all other traits, and then struggle for power and privilege; your outlook comes to be characterized by loathing and resentment against the collective guilt of everyone but yourself.
Monday, January 21, 2019
When governments try to take responsibility away from consumers, they do more harm than good by teaching them they are vulnerable victims who should rely on regulators to tell them what’s safe and what’s not.
Monday, January 21, 2019
Chairman Powell's track record suggests that he has a grasp on fundamentals and that he is dedicated to reversing a decade of monetary imbalance.
Saturday, January 19, 2019
Edward P. Stringham on BBC's "Talking Business" — Jan. 18, 2019  
Friday, January 18, 2019
Manufacturing output surged 1.1 percent for the latest month, pushing the 12-month gain to 3.2 percent and continuing a mild accelerating trend in place since 2016.

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