Daily Economy

Friday, April 20, 2018
Dividing the world into “centralized” and “decentralized” obscures important features of the bitcoin protocol. A more sophisticated lexicon would leave scope for “distributed” processes.
Friday, April 20, 2018
Following the financial crisis and Great Recession, many bloggers (and some economists) have expressed disappointment with the state of macroeconomics. Randall Wright offers a more optimistic perspective.
Thursday, April 19, 2018
Why should Americans be held accountable to pay taxes if the IRS has a history of exposing taxpayer information and not complying with the law, and it can barely keep it together on their self-proclaimed busiest day of the year?
Thursday, April 19, 2018
Venezuela recently launched its own cryptocurrency. If recent history is any indicator, investors should steer clear.
Wednesday, April 18, 2018
Even as the US is pulling inward, demonizing foreign nations, calling everyone in the world a cheater, China is aggressively opening to the world, negotiating bilateral trade pacts with every nation it can and another 14 multilateral trade pacts. More goods and investment coming and going – this...
Wednesday, April 18, 2018
Requiring that citizens track transactions in gold or alternative currencies and pay taxes on gains and losses relative to the dollar is just another mechanism for keeping the monetary playing field unbalanced in favor of government fiat.
Wednesday, April 18, 2018
If the language of commerce is quid pro quo, money is its grammar.
Tuesday, April 17, 2018
Last weekend, AIER hosted the 2018 Harwood Graduate Colloquium, which focused on alternative institutions of governance. The event brought together 13 very talented graduate students, who had the opportunity to discuss both classic and new research with three of the field’s leading voices on...
Tuesday, April 17, 2018
What Elizabeth Warren intends is to make the highwayman rob you in your sleep, so that you never know he is there and come to expect less ownership in the morning than when you went to bed. Her proposed change to tax filing would diminish property rights, make tax increases easier, reduce your...
Tuesday, April 17, 2018
The fact that Anderson’s theory of money seems to fail the Bitcoin test forces us to question our long tradition of issuing new coins that contain precious metals, or banknotes redeemable for some other, already valuable instrument.
Monday, April 16, 2018
If macroeconomists do not want to take responsibility for crises, then they should refrain from endorsing unstable monetary institutions.
Monday, April 16, 2018
Many people who are bullish on blockchain make grandiose claims that the technology will completely overhaul industries and institutions. But these claims often ignore the complexity of the real world and misunderstand what revolutionary technologies actually do.
Sunday, April 15, 2018
Even with the latest reform, the US tax system remains very progressive, with the top 20 percent of income earners paying 87 percent of total income-tax revenue.
Friday, April 13, 2018
There will be another winter. And another. To get the best sense of the potential here, it’s best to look at the price, not day to day, but on a logarithmic scale. Here is where we can see the potential of the technology. That has a much more meaningful significance than the fickle judgments of...
Friday, April 13, 2018
Just in time for tax season, hip-hop sweetheart Cardi B went on an epic video rant to her 21 million Instagram followers about government accountability.
Thursday, April 12, 2018
AIER’s Business Cycle Conditions Leading Indicators index reached a perfect 100 reading in March after coming in at 92 in February. The March result is the first 100 since January 2014. The Roughly Coincident Indicators index also registered a perfect 100, returning to that level for a third time...
Wednesday, April 11, 2018
AIER’s Everyday Price Index fell 0.1 percent in March following a 0.4 percent rise in February. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. As a comparison, the more widely known price gauge, the Consumer Price Index...
Wednesday, April 11, 2018
Right now, Facebook faces massive competition from other platforms in social media, copycats, and alternative uses of people’s time. In some ways, it’s the best possible moment to call on government to institutionalize Facebook as a form of public utility. That might actually be the end game that...
Wednesday, April 11, 2018
In choosing to put off implementing tolls, policymakers have decided that addressing New York City’s congestion isn’t worth challenging those vested in the transportation status quo.
Tuesday, April 10, 2018
The small-business-optimism index from the National Federation of Independent Business fell in March but the result extends a run of 16 consecutive months above 100, a very high level by historical comparison. A significant concern among small businesses is the declining quality of the available...

Pages