Daily Economy Articles

Sunday, March 10, 2019
For centuries, the whole point of commercial capitalism has been missed. It is not about material greed much less exploitation and exclusion. Its fundamental theme is love of this special sort. That is its driving energy and ethos. This love permeates every aspect of its operations. It requires...
Friday, March 8, 2019
U.S. nonfarm payrolls added just 20,000 jobs in February, the smallest monthly gain since September 2017. Combined with other recent disappointing economic data, the report raises concerns about the durability of the economic expansion.
Friday, March 8, 2019
Still, there’s absolutely no need for the government to pretend it has the duty to provide this service. As a matter of fact, it is the very roadblocks imposed by local governments that make it difficult for companies to have a greater presence in remote areas.
Friday, March 8, 2019
Economist John Miller of Wheaton College wrote a sharp critique this week of my work on the job guarantee. I was pleased to see it. In nearly five months, Miller is the first economist on the left to respond on the basis of economics rather than retreating to blanket declarations that job-guarantee...
Friday, March 8, 2019
We ought to attack the true root cause of inequality — that is, rent-seeking. This is far more productive than redistributing the rents that the rent-seekers captured.
Thursday, March 7, 2019
It’s too little, too late, but Facebook has now promised to adapt. Open and public? Forget it. Smaller groups, closed, and private is the new way.
Thursday, March 7, 2019
Despite their recommendations, technology offers a sometimes more effective — and affordable — alternative to putting patients face-to-face with psychologists. All that the government agency has to do to truly help patients is to get out of the way.
Thursday, March 7, 2019
National economic statistics in a global economy are already suspect, even more so when we are talking about products that depend for their very existence on international supply chains. At this point in history, where trading relationships cover every nation and production structures are...
Wednesday, March 6, 2019
Translating what is completely mindless, the federal government is ultimately persecuting Huawei for being successful.
Wednesday, March 6, 2019
We take for granted the miraculous ability technology has now given us to travel to and communicate with virtually any place on the planet in little or no time. Yet we allow governments and their bureaucracies to use their coercive powers to constrain us from having the full freedom to create,...
Tuesday, March 5, 2019
It’s 2019, nearly five years after the Flint, Michigan, water crisis became news nationwide. But the city is still struggling to get access to clean water.
Tuesday, March 5, 2019
The ISM’s nonmanufacturing index rose to 59.7 in February. The increase was led by strong performances by the activity index and the new orders index. The report suggests continued expansion for the economy last month.
Tuesday, March 5, 2019
Beware, my friends. Socialists may start off believing that they are for the well being of all. But once they turn their attention to matters of control, they eventually discover that controlling demographics is essential to making all their dreams come true. That’s when they come after a...
Tuesday, March 5, 2019
Neither consumers of expert opinion nor experts themselves will ever fully transcend their biases, nor should they. But when experts disagree, it behooves us to avoid as best we can hunkering down into black-and-white thinking that conveniently accommodates those preexisting biases.
Tuesday, March 5, 2019
Just as we come up with ever-newer ways to combine materials into new goods and services, people are constantly coming up with new ways to combine sounds into music.
Tuesday, March 5, 2019
The Great Recession of the 2000s shaped a generation of macro- and monetary economists. We can debate the details. But three things warrant widespread agreement.
Monday, March 4, 2019
You are not in it for the money? That might be the source of the problem. 
Monday, March 4, 2019
This great variety of influential books testifies to the richness of the libertarian scholarly tradition. It’s filled with remarkable works of scholarship that are not (yet) as widely known and read as they deserve to be.
Monday, March 4, 2019
Sadly, the FDA has frozen the marketplace by saying that existing products could remain on the market pending approval (they still have not clarified how to get approval) but that no new products would be allowed to enter the market after 2016 and no changes could be made to existing products.
Sunday, March 3, 2019
China no longer wants your leftover pizza box. Nor your empty 2-liter bottle of Mountain Dew. They are being burned in the US instead. 
Friday, March 1, 2019
By the time the talent reaches our eyes and ears, the hard work is done. We see only the finished product. In our attempt to discern the difference between their level of awesome and ourselves, we reach for the easiest answer: the person must have been born this way. It just comes naturally.
Friday, March 1, 2019
The Manufacturing Purchasing Managers’ Index from the Institute for Supply Management registered a 54.2 percent reading in February. Despite a small decline, the index remains above neutral—a positive sign for the manufacturing sector.
Thursday, February 28, 2019
Real gross domestic product rose at a 2.6 percent annualized rate in the fourth quarter, putting the calendar year growth at 2.9 percent, the fastest pace since 2015. Consumer prices rose 1.5 percent in the quarter, putting the calendar year increase at 2.0 percent, the fastest since 2011, and the...
Thursday, February 28, 2019
In the discussion of the nation’s problem with child care costs, a crucial factor has gone mostly unmentioned. This is one of the most regulated industries. These regulations are driving up costs. Adding more government control of the industry risks making a bad situation even worse.
Wednesday, February 27, 2019
Every new technology comes with an awkward stage of adoption, during which time people get manipulated and break every kind of rule of propriety until they figure out a better way.
Wednesday, February 27, 2019
A record 7 million Americans are now behind on their auto-loan payments. But as auto loans have surged by nearly 35 percent since 2008, one might wonder if the government has a hand in this new crisis.
Wednesday, February 27, 2019
In the simplistic Keynesian-type view of things, all that needs to be done from the government’s policy perspective is to run budget deficits or create money through the banking system to push up aggregate demand.
Tuesday, February 26, 2019
It’s a pretty strange time for conservatives suddenly to decide they like government, and the worst imaginable time for the Left to celebrate the state as never before. Based on the attitudes of the public alone, we ought to be seeing the opposite from both sides.
Tuesday, February 26, 2019
Consumer confidence rebounded in February following three consecutive declines, and suggests consumers are feeling better after a period of heightened market volatility and the government shutdown. However, housing activity continued to weaken in December, restrained by rising home prices.
Tuesday, February 26, 2019
How the strange funding scheme behind the Green New Deal rejects the scientific foundations of economics
Tuesday, February 26, 2019
Society is worse off to the tune of what these firms would have produced had they actually devoted those resources to creating wealth rather than simply redistributing it.
Monday, February 25, 2019
It drives me crazy to see people so fully enjoying the benefits from private property, trade, technology, and capitalistic endeavor even as they blithely propose to truncate dramatically the very rights that bring them such material joy, without a thought as to how their ideology might dramatically...
Monday, February 25, 2019
Talk of “our” balance of trade is talk of something that doesn’t really exist; it’s merely a figment of the imagination made to appear real by an accounting convention that has the name “trade balance.” Nevertheless, this fictitious creature is daily demagogued by those seeking to clear the way for...
Monday, February 25, 2019
The governor has acted quickly. The governor has acted decisively. The governor has issued a proclamation that will make matters worse.
Monday, February 25, 2019
AIER is pleased to present the first English translation of Friedrich von Wieser's memorial appreciation of Carl Menger, the founder of the Austrian School, published in German not long after Menger’s passing in 1921. Wieser (1851-1926) was one of the leading contributors in the “second generation...
Friday, February 22, 2019
With 40 percent of student-loan borrowers expected to default by 2023, this proposal may appeal to many in the federal government. But when a crisis such as this is born out of artificial demand for college education, which inflates the cost of pursuing a degree, wouldn’t this purported solution...
Friday, February 22, 2019
Every idealist hopes that humankind can learn from history. There is plenty of evidence that we do not.
Friday, February 22, 2019
AIER offers a unique opportunity to gain professional work experience and produce tangible outcomes in line with your strengths and interests. Furthermore, you join a community of friendly, motivated and inspiring staff, who are more than happy to take time to offer guidance and support.
Friday, February 22, 2019
Even the most well-intentioned top-down regulation of child care will inevitably increase its costs and likely stifle innovation while having limited impact on the ultimate quality of the care provided.
Friday, February 22, 2019
Seismologists can’t predict earthquakes. Economists can predict financial meltdowns? Please.

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