Daily Economy

Tuesday, October 23, 2018
Sears played an important role in circumventing the institutionalized racial discrimination of the Jim Crow South.
Tuesday, October 23, 2018
Most human knowledge is tacit, the product of experience and not capable of being captured in words or numbers, and local, concerned with and relevant to specific local conditions and circumstances.
Tuesday, October 23, 2018
Unfortunately, both sides are pursuing the wrong goals. The pursuit of one form or another of third-party payment for health care services has removed most incentives for consumers to be careful about how they spend money.
Monday, October 22, 2018
Light, as we know it today, is a commodity. That would not have been possible without the institutional prerequisites — freedom to create, own, and exchange — that built the modernity we too often take for granted.
Monday, October 22, 2018
Two hundred years later, Mary Shelley’s horrifying tale of the unconstrained vision continues to speak to us. It should also serve as a permanent warning.
Monday, October 22, 2018
Buying a car in America has long been a difficult process rife with bureaucracy and mistrust. But in many ways, digital technology is helping to make the process more pain-free.
Monday, October 22, 2018
We have been liberated from the foulest and most lethal environmental hazards that cursed our pre-industrial ancestors.
Monday, October 22, 2018
George Gilder's recent book might be his biggest seller yet, and this is after a career of rocking both the intellectual and political worlds with visionary works that have anticipated and then defined the technological and policy trends of the times. His book is Life After Google, and its focus is...
Saturday, October 20, 2018
No authority can substitute for the activity, creativity, and adaptability of the human mind.
Friday, October 19, 2018
Sales of existing homes fell again in September. The combination of rising home prices and higher interest rates is likely weighing on housing activity, and is likely to restrain activity in the coming months and quarters.
Friday, October 19, 2018
Modern central banking claims to make the money supply more elastic to stabilize the economy. The rationale says that left to itself, the market economy is unstable. Yet the evidence suggests the opposite: that modern central banking is the main culprit for boom and bust.
Thursday, October 18, 2018
A federal job guarantee would be monumentally expensive, return only limited value from the participants’ work, entail administrative challenges nearly impossible to solve, and be potentially disastrous for economic growth and the private labor market.
Wednesday, October 17, 2018
The housing market appears to be struggling with a combination of elevated home prices and rising interest rates. With interest rates likely to drift even higher over coming months and quarters, the outlook for housing is cautious. 
Wednesday, October 17, 2018
It is quite true that a standard bilateral fee-for-service arrangement would fail to provide enough lighthouses — at first. But that failure would have consequences.
Tuesday, October 16, 2018
The latest data from the Bureau of Labor Statistics shows a surge in job openings in August, to 7.136 million, while private sector job openings totaled 6.464 million. Both are at new all-time highs.
Tuesday, October 16, 2018
Much like anything touched by bureaucracy, the justice system produces plenty of mistakes.
Tuesday, October 16, 2018
Madison would be horrified to see the extent to which his federalist vision has failed to endure. Fiscal power has become increasingly centralized, with the federal government taking over more and more state functions.
Tuesday, October 16, 2018
"It seems almost impossible to rein in government. It keeps growing in size and scope in one direction after another. Why? And is there any way to reverse it?" ~ Richard Ebeling
Monday, October 15, 2018
Under ideal conditions, stablecoins would come to exist due to pure market demand rather than as a reflection of the regulatory climate that has limited access to conventional banking services.
Monday, October 15, 2018
The next financial crisis is just around the corner. It is only a matter of time until once again the world economy will be shocked by a massive contraction of liquidity. All markets are linked, and the origin of a new crisis can come from anywhere. A global financial crisis is the result of an...

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