Daily Economy Articles

Friday, April 26, 2019
Roads are emphatically not public goods, and many other nations have solved the problems of road use and financing by decentralizing provision and control.
Friday, April 26, 2019
Rep. Alexandria Ocasio-Cortez’s Green New Deal may have died in the Senate after a 0-57 vote that blocked the resolution, but in New York City, one of the deal’s main proposals has found a new home.
Thursday, April 25, 2019
Durable-goods orders posted a solid gain in March, led by record-high orders for core capital goods excluding aircraft. Today’s reports suggest a cautiously optimistic outlook.
Thursday, April 25, 2019
If we truly had a fully free market economy, this type of reaction would always be the norm. It is when crony capitalism reigns supreme that we have instances of companies knowingly pushing products that hurt consumers — with the support and blessing of the government.
Thursday, April 25, 2019
We need a vision and set of principles to fight back against neo-Luddites and their proposals to slow or stop technological change.
Thursday, April 25, 2019
There is no limit to the examples of the distinction between what must be economized and what need not be. We need to develop the capacity to know the difference. 
Wednesday, April 24, 2019
Michael Munger found it useful to summarize the argument for capitalism briefly, and in some ways superficially.
Wednesday, April 24, 2019
Taken together, the top quintile of earners, representing 53 percent of total income, paid 70 percent of all federal taxes, or 17 percentage points above their fair share.
Wednesday, April 24, 2019
So long as there are new ways to think about the conflict between someone who has been bitten by a radioactive spider, a crime lord who has lost his family, and a mad scientist with mechanical tentacles, there will be room for economic progress.
Wednesday, April 24, 2019
The long history of central banking, and especially over the last 100 years of paper monies and out-of-control government deficit spending partly funded by “monetization” of the debt, has more than clearly demonstrated that the epoch of modern central banking needs to come to an end.
Tuesday, April 23, 2019
One of the most groundbreaking characteristics of social media is that it connects consumers and entrepreneurs directly, giving businesses the opportunity to better understand and serve their clientele.
Tuesday, April 23, 2019
Home sales have rebound in recent months. However, there is little evidence to support an expectation for a significant acceleration in housing activity in the coming months and quarters.
Tuesday, April 23, 2019
Many people readily impose their own preferences on others without hesitation or compunction, even when they can communicate freely with the party being imposed upon.
Tuesday, April 23, 2019
In the debate over creating a new federal paid-leave program, conservatives think they have found the ultimate free lunch.
Tuesday, April 23, 2019
The core issue is twofold: public ownership of the roads and no stockholders/owners in charge of security services who are answerable to consumers. The result is exactly what you get from socialism: random chaos, coercion, and lack of accountability.
Monday, April 22, 2019
No matter the ideology, anyone who seeks perfection in a philosophy summed up by one or two words will fall far short of that ideal.
Monday, April 22, 2019
The core of all three major religions is on individual faith, independently arrived at conclusions arrived at through persuasion, and the voluntary pursuit of worship. This is something to be celebrated, along with Passover, Easter, Bara'a Night, or whatever you have voluntarily decide to believe...
Monday, April 22, 2019
The simple innovation of designing and installing doorless entry-exit ways for public restrooms is one small but real way in which innovative capitalism has made our exposure to pollution less than it was just a few decades ago.
Monday, April 22, 2019
When more competitors enter the market, it simply gives consumers more options. That doesn’t necessarily mean that established firms will disappear; it only means that they will have to adapt to meet customers’ demands so they can better compete with the newcomers.
Saturday, April 20, 2019
Yours may well be the decisive voice — the final increment of weight that shifts the balance and brings our ship of state, indeed our civilization, to survival course.
Friday, April 19, 2019
Today’s neo-Luddite tech critics suggest that we should just be content with the tools of the past and slow down the pace of technological innovation to supposedly save us from any number of dystopian futures they predict. If they succeed, it will leave us in a true dystopia.
Friday, April 19, 2019
In a new report, the Government Accountability Office (GAO) considers the financial benefit of switching to a $1 coin.
Friday, April 19, 2019
As millennials struggle to pay off their debt, buying a home and building a family both become a distant dream. Thankfully, we can use data provided by the OECD to urge others to look at the student-loan crisis from a different perspective. Perhaps in time, more will realize that our reliance on...
Friday, April 19, 2019
Environmental activists cling to the same stale policy prescriptions, no matter the situation. Only their rationale changes.
Friday, April 19, 2019
In a recent NBER working paper, Margaret M. Jacobson, Eric M. Leeper, and Bruce Preston argue that FDR’s abandonment of the gold standard helped bring an end to the Great Depression.
Thursday, April 18, 2019
Retail-sales and initial-claims data show the economy may be gaining some momentum after a patch of weakness. However, continued uncertainty around U.S. economic policies and ongoing risks in the global economy remain significant concerns.
Wednesday, April 17, 2019
One lesson you should take from that is that as much as this sounds like the takeaway point from a bad high school commencement address, the end of your formal schooling is just the beginning of a life of sustained inquiry.
Wednesday, April 17, 2019
The carnage of the trade war is everywhere but doesn’t always make the headlines. Consider for example the export markets for American liquor.
Wednesday, April 17, 2019
Relying exclusively on regulators to protect oneself against identity theft and other inappropriate uses of data is like leaving one’s car keys in the ignition because a would-be car thief faces the threat of jail time.
Wednesday, April 17, 2019
As we see in the aftermath of this tragedy, it is private citizens like them who truly care, while governments such as Macron’s will often leave publicly owned monuments on the verge of abandonment. It is only when major incidents like this happen that we truly appreciate private ownership.
Tuesday, April 16, 2019
AIER’s Leading Indicators index dropped 17 points to 25 in March, the lowest level since June 2009. The Roughly Coincident Indicators index and the Lagging Indicators index also fell, to 83 and 67, respectively (see chart). March is the third consecutive month with readings for the Leading...
Tuesday, April 16, 2019
Various political and ideological trends have often seemed inevitable and irreversible — until they have changed! And it can happen again — if only friends of freedom at least try.
Tuesday, April 16, 2019
What the Notre-Dame fire of 2019 should teach us is that civilization is more fragile than we want to believe. We dare not take it for granted. The fires come when and from a place we least expect, and the damage is often irrecoverable.
Monday, April 15, 2019
Despite the screeds and slogans of would-be central planners and opponents of private property, individual liberty and steadily rising prosperity were — and remain — the true revolution.  
Monday, April 15, 2019
AIER’s publishing strategy is designed to broaden the choices available to authors, never using the force of law to deny creators their rights.
Monday, April 15, 2019
Social engineering done by those on the political right is nearly always as destructive as is social engineering done by those on the political left.
Monday, April 15, 2019
In recent decades, many states began to look at criminal-justice reform to fix their own systems. With overcrowded prisons burning through taxpayer cash, many state lawmakers sought to pass reforms to help keep nonviolent prisoners from being thrown in jail for life. Unfortunately, not of all of...
Saturday, April 13, 2019
To remain consistent, opponents of so-called fractional-reserve banking have to denounce overbooking practices among airlines as well as the entire business of insurance.
Friday, April 12, 2019
Consumer sentiment fell slightly in early April but remains at broadly favorable levels. Caution regarding the outlook is still warranted but the trends for the most recent data appear marginally more favorable.
Friday, April 12, 2019
Does the picture of a huddled mass of homeless people outside a robotic coffee shop suggest the ruins of late-stage capitalism? I think not. It represents instead the “great deal of ruin” policymakers create when they make policy as if the laws of supply and demand are optional.

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