Daily Economy

Friday, January 18, 2019
Carbon taxes may sound like an efficiency improvement in the abstract, but their political implementation is a mess.
Friday, January 18, 2019
With perfect hindsight, we construct narratives about how technology changes the world. The internet flattened the world. Cars replaced horses. But what we miss, the often-catastrophic messiness during those transitions, is so much more interesting.
Thursday, January 17, 2019
Carbon-based fuels have powered modern economic growth - growth which is, by far, history’s greatest benefactor of humanity.
Thursday, January 17, 2019
AIER’s Business Cycle Conditions Leading Indicators index fell 21 points to 58 in December. The Roughly Coincident Indicators index held at 100 while the Lagging Indicators index gained 16 points to reach 83 (see chart). The sharp decline in the Leading Indicators index is a cautionary sign but...
Thursday, January 17, 2019
Bitcoin and other cryptocurrencies have a bad reputation. But they can be used to avoid high inflation and the effects of pernicious capital controls.
Thursday, January 17, 2019
Often firms that receive these targeted incentives are subject to little or no accountability, and they rarely create the number of jobs or the hourly wage rates they promise.
Wednesday, January 16, 2019
The government shutdown should serve as a reminder of the dangers of all government regulation, especially when the regulators block the freedom to trade, promise to make exceptions, and then fail to perform at all.
Tuesday, January 15, 2019
The libertarian movement, in all its diversity, spends a lot more time arguing for less government than it does advocating better, smaller, more-voluntary private institutions of governance.
Tuesday, January 15, 2019
This is a slipshod attempt to taint and tarnish the reputation of one of the leading economists of the 20th century, and one of the most consistent and outspoken defenders of the classical liberal ideal of political, social and economic liberty and the free society.  
Tuesday, January 15, 2019
That one set of payments providers gets access to the core payments system while another is shut out seems quite arbitrary.
Monday, January 14, 2019
When government regulates and legislates, it is not causing some imagined form of social uplift for the masses toiling under the terrible demands of freedom. It is instead making more criminals out of people who just want to live a better life.
Monday, January 14, 2019
The credulous manner in which cavalier economic predictions are made and the misuse of statistical methods makes me wonder at the level of care used in the other statistics cited in the global warming debate.
Monday, January 14, 2019
The American economy will continue to improve only if markets are left sufficiently free to overwhelm the innumerable obstructions, diktats, and other burdens that governments, at all levels, inflict on us as we attempt to peacefully pursue our commercial and household affairs.
Monday, January 14, 2019
We can’t predict exactly what solutions will emerge from financial liberalization. The results will likely differ from country to country or region to region, depending on unique cultural and socio-economic factors.
Sunday, January 13, 2019
List posited a conflict between the interests of commercial society and the interests of the nation as a whole.
Sunday, January 13, 2019
While many of the news outlets reporting on these findings urge young people to get a plan in place so they can pay off their debt, the reality is that government’s push to give everyone a college education is what has greatly contributed to young people’s debt load. And what’s worse, degrees are...
Saturday, January 12, 2019
This shutdown is not showing us what freedom looks and feels like. It is not a libertarian experiment. It is showing us just how much government is doing that it need not do.
Friday, January 11, 2019
Technology rarely does what we hope or predict it will do. In a year of falling exchange rates and failed ICOs, Facebook’s co-option of blockchain technology might be the best news for the industry of 2018.
Friday, January 11, 2019
AIER’s Everyday Price Index plunged 0.9 percent in December after dropping 1.0 percent in November. Over the past six months, the EPI has fallen four times at an overall annualized pace of −4.1 percent. The EPI measures price changes people see in everyday purchases such as groceries, restaurant...
Friday, January 11, 2019
The Democrats who just took control of the House of Representatives have already implemented changes to House rules so that if they decide to act on Ocasio-Cortez’s idea to jack up the top marginal tax rate to 70 percent, no procedural obstructions will block their way.

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