Daily Economy Articles

Tuesday, June 4, 2019
Auto sales rose in May, and weekly data suggest consumer spending is solid. However, factory orders were weak in April. Currently, there is little hard data to suggest a recession is imminent. The outlook remains cautiously optimistic.
Tuesday, June 4, 2019
No matter one’s opinions on antitrust and big business, arguing that the big tech companies’ primary impact on our economy and lives has been anything but positive and even revolutionary is difficult.
Tuesday, June 4, 2019
Because the American government is democratically elected, there’s a widespread presumption that the actions of this government are, as a rule, the best ones possible. Yet this presumption is mistaken.
Tuesday, June 4, 2019
What preferences do you want? In traditional neoclassical economics, that’s a nonsense question, because preferences are taken as idiosyncratic, fixed, and exogenous. Of course, that’s only a modeling assumption; no one really claims that’s descriptively accurate.
Tuesday, June 4, 2019
The greatest risk to the US dollar may, in fact, come from within. The imposition of tariffs and sanctions create an opportunity for other countries to engage in bilateral trade. The decision to withdraw from the free trade initiatives such as the TPP and T-TIP weakens not only the prospects for US...
Monday, June 3, 2019
History will always remember President Lyndon Johnson for his escalation of the war in Vietnam, which turned into an unwinnable and tragic entanglement against a foe he did not understand. Sadly, with over fifty years of hindsight, one must judge Johnson’s War on Poverty in much the same way.
Monday, June 3, 2019
To lose faith in the power of changing hearts and minds is to lose faith in the deliberative and peaceful process of social change.
Monday, June 3, 2019
If members of some group feel excluded from the financial sector, regulators should allow them to form their own financial institutions and give it a go in the marketplace.
Monday, June 3, 2019
The U.S. has chosen to attack arguably the most creative and powerful and best-led capitalist company in China.
Monday, June 3, 2019
A bank charter has been granted to The Narrow Bank in Connecticut. But the idea of narrow banking is not new.
Sunday, June 2, 2019
Countless minds and countless hands have contributed to the slow march of civilization and helped to create a modern world (one fraught with problems, which I don’t minimize) in which I can perform innumerable operations closed off to previous generations without thinking about them.
Friday, May 31, 2019
Consumer attitudes were generally upbeat in May, supported by a strong labor market, but escalating trade wars and higher tariffs are having a significant negative impact.
Friday, May 31, 2019
This night he became a preacher of goodness, of civility, of moral strength in the face of struggle. The poetry of it all, and the promise that goodness and decency can prevail, was manifest in the crowds and the city right here, this night, in Budapest. It combined to inspire him to find the...
Friday, May 31, 2019
To reduce inflation and keep the Argentine peso stable going forward, the Macri administration adopted an inflation-targeting regime. But, just 26 months after its implementation in September 2016, the inflation-targeting regime had failed. What went wrong?
Thursday, May 30, 2019
Initial claims remain very low in May, but revised data still show a poor performance for private domestic demand in the first quarter. Though economic data are still somewhat mixed, some recent positive signs are emerging.
Thursday, May 30, 2019
Unlike marvelously created made-for-television episodes where someone usually emerges victorious, in trade wars, everyone loses.
Thursday, May 30, 2019
Financial Exclusion is my nineteenth book and the vetting, editing, and publishing processes with AIER far surpassed those of the commercial and university presses I have published with previously.
Thursday, May 30, 2019
Chernobyl is a story of a grievous disaster that had untold human and natural cost; no one intended the nuclear disaster to occur. But it is more importantly a story of how the culture of fear bred by totalitarianism made a mistake unconscionably worse.
Thursday, May 30, 2019
In a new NBER working paper, Felipe Benguria and Alan M. Taylor consider whether financial crises usually stem from the demand or supply side of the market.
Thursday, May 30, 2019
As with other matters, decentralization could be key in making things better — not only because it would benefit immigrants who want to move here to work, but also because Americans would reap the benefits of a prosperous economy.
Wednesday, May 29, 2019
Even a young child understands, without need of further elaboration, that no action is rendered acceptable simply because lots of other people do it.  
Wednesday, May 29, 2019
The video AIER is putting together with the highest professional standards seeks to present both their views fairly and accurately but in a way that it is entertaining and informative. It will inspire further study and a real dedication to ideas.
Tuesday, May 28, 2019
Forcing social media sites to “disappear” or be broken up is one of the worst ways to deal with these concerns.
Tuesday, May 28, 2019
Because economics is more complex than most of what’s studied in the natural sciences, no set of rules of inquiry will ever fully eliminate the need for judgment calls by the researcher. And judgment calls are where our biases truly have teeth.
Tuesday, May 28, 2019
The danger that individuals often put themselves in comes at a public cost.
Tuesday, May 28, 2019
The progressive zeal for higher taxes is distorting how they construct inequality statistics.
Tuesday, May 28, 2019
The end goal of our planning paternalists is the command economy.
Tuesday, May 28, 2019
A new type of financial institution could take root in the U.S. But the Federal Reserve seems determined to prevent this from happening.
Tuesday, May 28, 2019
These easy-to-assemble retail kiosks aren’t just a great example of the market’s ingenuity, they are also proof that the market provides an answer to customers’ needs, even if these needs are the product of artificial barriers imposed by the government.
Monday, May 27, 2019
Knowing and seeing the pattern here makes it no less alarming but it does help reveal that these economic/political cycles are not arbitrary. And if history is our guide, we can also see that the efforts of the reactionaries against freedom will fail.
Sunday, May 26, 2019
Fortunately for us, this might be a temporary detour away from the long pattern of the expansion of global trade. The damage could be lasting, however. 
Sunday, May 26, 2019
What are the merits of returning to the gold standard? Is such a system feasible today?
Sunday, May 26, 2019
Those who argue for a decentralized and free Europe, now overshadowed from the left and right, need to find a voice and make a positive change.
Saturday, May 25, 2019
The truth is that even the best-intentioned government officials do not — indeed, cannot possibly — have the knowledge necessary to deliver on any grand promises.
Friday, May 24, 2019
New orders for durable goods and core capital-goods decreased in April and appear to be plateauing but broader measures of business fixed investment continue to trend higher.
Friday, May 24, 2019
The amount of public debt to be serviced is huge and growing, and we’re in uncharted territory now.
Friday, May 24, 2019
Designers did not somehow lose imagination over the last 25 years. The designs of new cars are boring because regulations forced this result.
Friday, May 24, 2019
Prohibition is nothing but an immoral act, as it intends to impose certain standards on individuals who should be naturally free to make their own decisions.
Thursday, May 23, 2019
New-home sales fell in April, and home construction is unlikely to contribute significantly to economic growth, but the strong labor market continues to provide a solid foundation for continued expansion.
Thursday, May 23, 2019
Statutes and regulations continue to accumulate, layer by layer, until they suffocate not only economic opportunity, but also the effective administration of government itself.

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