Daily Economy

Thursday, July 26, 2018
New orders for durable goods jumped 1.0 percent in June while new orders for core capital goods rose 0.6 percent. Both are showing strong uptrends over the past two years. 
Thursday, July 26, 2018
Why did the Federal Reserve move from a corridor to a floor system in 2008?
Thursday, July 26, 2018
We need more markets, not more government, to discourage and prevent crime. One need not assume that unionized, militarized, and unpopular policemen are the only option for keeping the peace and keeping Americans safe.
Thursday, July 26, 2018
Whether Iran deserves to be re-embargoed is a complicated matter. But we know for sure that such embargoes put the dollar's dominant role in the global payments system at risk.
Wednesday, July 25, 2018
Sales of new and existing single-family homes fell in June as inventories rose, boosting the supply of homes on the market, measured in months. Still, the economy overall remains very healthy.
Wednesday, July 25, 2018
A new blockchain initiative promises to make it easier for refugees transporting wealth.
Tuesday, July 24, 2018
State and local governments don’t need any more of our money to feed their budgets through taxes, whether they’re taken from online sales or not. We should be free to drop whatever we want into our virtual (or real) shopping carts in peace without government sweeping in to get a cut.
Tuesday, July 24, 2018
Expectations of government bailouts drove the increase and decline of American banks’ market value to book value, according to a new NBER working paper.
Monday, July 23, 2018
Fifty years ago, in 1968, Austrian (and Austrian school) economist Friedrich A. Hayek published a monograph called The Confusion of Language in Political Thought. Hayek argued that the words we use and the meanings we give to them greatly influence how we think about the political system and the...
Monday, July 23, 2018
As far as monetary reforms go, the $1 coin’s removal may not be very flashy. But it seems like a no-brainer. 
Monday, July 23, 2018
The cause of free trade is fortunate this time to have the support of the merchant class.
Sunday, July 22, 2018
Whenever our government “retaliates” with trade restrictions of its own, it unfairly tilts the playing field here at home in favor of politically potent producer groups and against the rest of us.
Friday, July 20, 2018
Since November 2016 several Duke University colleagues have come into my office, closed the door, and said, “Okay. You were right. Are you happy now?”
Thursday, July 19, 2018
The modern social justice movement works towards the disintegration of society. It is not a movement to achieve its declared aims, which is impossible, but to destroy.
Thursday, July 19, 2018
Initial claims for unemployment insurance fell to 207,000 for the latest week, the lowest reading since 1969, while the Leading Economic Index from The Conference Board posted a 0.5 percent increase in June. Overall, the preponderance of data support an upbeat outlook for the U.S. economy.
Wednesday, July 18, 2018
The beauty of blockchain technology is that it makes old intermediaries unnecessary. Intermediation of cryptocurrency can be performed on the blockchain. It does not require a third party.
Wednesday, July 18, 2018
Housing construction fell in June as single-family and multifamily starts declined. Housing permits, an indicator of future activity, also fell in the latest month. Overall, housing construction and permits appear to be plateauing after rebounding from the housing boom-bust cycle in the early 2000s.
Wednesday, July 18, 2018
Swift has used her celebrity and art to stand up to bullies, whether they be corporations or colleagues in the music industry. She’s also singing her way to the bank.
Wednesday, July 18, 2018
That an asset or innovation is subject to scamery, pushed by grifters, invested in by the deluded and avaricious, does not mean it is not a good idea. You can observe the fallacy with any new discovery that has ever appeared in the history of humankind.
Wednesday, July 18, 2018
We can often make progress by pressing for improvement, rather than holding out for perfection. Sometimes, just the right kind of nothing is good enough.

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