Daily Economy Articles

Wednesday, January 23, 2019
Economists Emmanuel Saez and Gabriel Zucman claim we need a 70% tax rate to stem inequality. Their argument derives from a misreading of U.S. tax history.
Wednesday, January 23, 2019
We rely on competitive markets to supply us with “correct” quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. So why do we not rely on competitive markets to supply us with the “correct” quantity of money?
Tuesday, January 22, 2019
Understanding their misguided political assumptions and the damaging economic consequences that would follow from their coming to power is essential if a “green” road to serfdom is to be avoided.
Tuesday, January 22, 2019
Imagine that a new university has been built, and you are on the committee charged with laying out the sidewalks. What would you do?
Tuesday, January 22, 2019
That number sums all the improper payments by what the government calls high-priority programs. If it makes your head spin, it should.
Monday, January 21, 2019
Material acquisition and love of one’s neighbor are harmonious. It’s the combination of the two that makes up the driving force of economic progress.
Monday, January 21, 2019
Find any biological trait, posit it as a collective interest, set that trait against all other traits, and then struggle for power and privilege; your outlook comes to be characterized by loathing and resentment against the collective guilt of everyone but yourself.
Monday, January 21, 2019
When governments try to take responsibility away from consumers, they do more harm than good by teaching them they are vulnerable victims who should rely on regulators to tell them what’s safe and what’s not.
Monday, January 21, 2019
Chairman Powell's track record suggests that he has a grasp on fundamentals and that he is dedicated to reversing a decade of monetary imbalance.
Saturday, January 19, 2019
Edward P. Stringham on BBC's "Talking Business" — Jan. 18, 2019  
Friday, January 18, 2019
Manufacturing output surged 1.1 percent for the latest month, pushing the 12-month gain to 3.2 percent and continuing a mild accelerating trend in place since 2016.
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.
Friday, January 11, 2019
While people in France and Austria might not be completely aware that this added tax will actually hurt them in the long run, authorities in those two countries should be reminded that the digital tax is nothing but an additional burden on the consumer; pretending the plan is about fairness will...
Thursday, January 10, 2019
Everyone will get fired at some point in a career. Whether you turn this to the good in your life is up to you.
Thursday, January 10, 2019
While it is appropriate for monetary policy to be removed from active political interference, it does not follow that monetary policy ought not be judged according to democratic standards.
Wednesday, January 9, 2019
Baseball teams are judged on wins and losses, and firms in the marketplace are “judged” by profits and losses. Since performance is objective, there is far more pressure on participants to put aside their prejudices and personal preferences.
Wednesday, January 9, 2019
Interest rate manipulations by central banks through monetary policy are similar to price controls on other goods.
Wednesday, January 9, 2019
The fact that Brown was convicted before juvenile sentencing guidelines in Tennessee changed made her case even more heartbreaking. After all, Brown wouldn’t have been tried the same way under the current system.  
Wednesday, January 9, 2019
Argentina has secured an IMF agreement and announced aggressive policies to reduce its fiscal deficit and inflation rate. But that might not be enough to comfort its creditors.
Tuesday, January 8, 2019
Small-business confidence and job openings fell slightly in the latest reports but both remain at high levels, providing some positive support for the economic outlook.
Tuesday, January 8, 2019
The collapse in confidence in government from 77% to 18% is one of the most striking changes in public philosophy of the last half century. To proceed as if this means nothing represents astonishing ideological blindness.

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