Daily Economy Articles

Friday, April 12, 2019
Government regulation isn’t just bad because it ignores the unintended consequences that restrictions produce over time. Regulation is also bad because it invites cronyism.
Thursday, April 11, 2019
The court of manners has been replaced by the court of law.
Thursday, April 11, 2019
The president’s decisions to nominate Stephen Moore and Herman Cain leave a lot to be desired. But that is no excuse for perpetuating the myth that the Fed has been independent up until now.
Thursday, April 11, 2019
Initial claims for unemployment insurance fell to the lowest level since 1969, providing compelling evidence that the recent period of weakness may be passing.
Thursday, April 11, 2019
Also known as the yellow-vests movement, the gilets jaunes movement in France gets a lot of hate from the left-leaning media. To critics, climate change requires government action, and if that means the working class will have to endure more poverty and misery, that’s just how it is.
Thursday, April 11, 2019
Markets offer a powerful tool for fighting government-sanctioned racial discrimination.
Wednesday, April 10, 2019
AIER’s Everyday Price Index jumped 1.1 percent in March, nearly double the 0.6 percent gain in the Consumer Price Index. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. The EPI is not seasonally adjusted, so we compare it...
Wednesday, April 10, 2019
The food shortages have led to the end of anything normally called morality. Gangs of a thousand go hunting for food. They seize on a grocery store and light it on fire to provide light so that people can see in order to loot the place. Then it burns to the ground.
Wednesday, April 10, 2019
FDR set the standard for future progressives who wished to exercise broad powers to mold the world as they think best.
Wednesday, April 10, 2019
The theoretical perfection of markets is not a valid argument against government intervention, nor is it a valid reason for governments to intervene in service of that ideal.
Wednesday, April 10, 2019
Maybe it was just a fluke, but the willingness of the Post to countenance private ordering has given me renewed hope that there might still be some thinking statists left, people who can be persuaded to jettison faith in “compulsory monopoly” solutions to every perceived problem.
Tuesday, April 9, 2019
The conceptual breakdown of revolution/counterrevolution is vastly better than any modern typology that too often distracts from the key issue: the place of power in our lives.
Tuesday, April 9, 2019
Pretty much every economics textbook explains how money has four functions. It is first and foremost a medium of exchange, and it ultimately derives all of its other functions from its usefulness as a medium of exchange.
Tuesday, April 9, 2019
Compelling people to be “decent” through government taxing and spending in fact drains decency from human relationships.
Tuesday, April 9, 2019
If Schumpeter were alive today, he’d have two important lessons to teach us about the techlash and why we should be wary of misguided interventions into the Digital Economy.
Monday, April 8, 2019
The Trump administration has filed a lawsuit against Facebook with the claim that the company is guilty of redlining. At issue are the tools that allow advertisers to target ads. The problem is that this attack fundamentally threatens the economic model that makes social media work. 
Monday, April 8, 2019
Why do some conservatives believe that family leave plan is necessary in the first place?
Monday, April 8, 2019
This is not the free market at work. It is government intervention that steals the language of market competition to invalidate property rights and contracts.
Monday, April 8, 2019
Faced with the current resurgence of protectionist “thinking” prevalent in the United States, we free traders must fight back by more clearly, boldly, and frequently stating the truth about free trade.
Sunday, April 7, 2019
If we want to follow The real Golden Rule, and we should, we shouldn’t force people to make the exchanges they would otherwise refuse in absence of coercion.
Friday, April 5, 2019
Amid several months of mixed results in economic data, rebounding job creation in March helps tip the scales in favor of cautious optimism for continued economic expansion.
Friday, April 5, 2019
There is growing support for the idea that meddling with market interest rates is a bad idea. Interest rates coordinate intertemporal production plans, and any attempt to alter them will entail undesirable unintended consequences. 
Thursday, April 4, 2019
Why wouldn’t we want safe and stable banks? Like almost everything else in economics, benefits in one area comes with real costs in others.
Thursday, April 4, 2019
The bitter truth about most public policies being sold by the political class is that they give them more power to control our lives. If you favor some of these policies, be honest with the rest of us about what you mean, so that we can make more clear-headed judgments about the kind of society we...
Thursday, April 4, 2019
Government expenditures can be funded by increasing reserves at the Federal Reserve. But limits on the demand for reserves mean inflation will follow.
Wednesday, April 3, 2019
Hayek still speaks to us today about the nature of democratic ways of relating to the rule of law, the structure of government, the role of public policy, and the promise of an international order of cosmopolitan liberalism.
Wednesday, April 3, 2019
Nonmanufacturing activity expanded at a slower pace in March. The results are consistent with a range of economic data that point to uneven growth, but they do not suggest a recession is imminent.
Wednesday, April 3, 2019
There are some clear advantages to the gig economy, for both workers who have specialized skills and for companies trying to remain small and nimble.
Tuesday, April 2, 2019
Regardless of the intentions or naïve beliefs, a system of democratic socialism cannot escape imposing commands and controls over economic life any noticeably different than those that were in existence in the old Soviet Union.
Tuesday, April 2, 2019
MMT in the colonial period often led to periods of ruinous inflation and, less well-understood, revolution-inducing deflation.
Tuesday, April 2, 2019
Some scholars argue that ordinary citizens should be allowed to open bank accounts at the Fed. Is this the best way to reduce financial exclusion?
Monday, April 1, 2019
The Manufacturing Purchasing Managers’ Index paints a modestly positive picture of the manufacturing sector in March, offsetting the weak report on February retail sales. The outlook is for ongoing economic expansion, but heightened caution is warranted.
Monday, April 1, 2019
Retail sales fell again in February, the second decline in the last three months. A string of mixed economic reports suggests caution is warranted.
Monday, April 1, 2019
The sharing economy, fueled by the internet’s capacity to match small buyers and sellers, looks like a revolutionary business model. But for this model to be sustained, there must be a reliable source of long-term profits.
Monday, April 1, 2019
The fact that the market does not supply as much paid leave as people would want if they did not have to pay full price for it is not a market failure; it’s a market success.
Monday, April 1, 2019
In terms of information access and the opportunity to learn and share knowledge, we’ve never been more rich and equal.
Monday, April 1, 2019
If you're a store owner in Philadelphia or the state of New Jersey, and you don't accept cash from your customers, pretty soon you'll be breaking the law.
Friday, March 29, 2019
Consumer sentiment and new-home sales are showing gains, but the broad economic picture remains mixed. Continued expansion remains the most likely path, but caution is warranted.
Friday, March 29, 2019
The problem with Moore is not that he doesn’t have a Ph.D. The problem is that he is less like Alan Greenspan, and more like Arthur Burns.
Friday, March 29, 2019
From a political point of view, with Boeing so much in then news following two recent crashes and with many taking a hard look at all the ways the company may have benefited from government favoritism, it doesn’t seem like a good idea for any legislators to call for the revival the Bank of Boeing.

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