Daily Economy Articles

Tuesday, May 21, 2019
The firm has been in the business long enough to notice that certain users just don’t like to chat with their drivers. In order to keep these users happy (and prevent them from using another service in the future), Uber is rolling out a new “Quiet Mode” feature that gives the passenger the ability...
Monday, May 20, 2019
As Aleksandr Solzhenitsyn reminds us, the line between good and evil runs through the heart of every person — and a just cause is the most seductive nourishment of baser parts of our souls… of the abyss within.
Monday, May 20, 2019
The goal was to protect existing, politically influential producers from the competition of newer, more efficient firms.
Monday, May 20, 2019
Market manipulation would be so much easier if you didn’t declare what your price is relative to the station down the street. And yet, of all the things we buy on a regular basis, the price at the pump is the most visible.
Monday, May 20, 2019
When you play politics with international trade, you play a very dangerous game that can result in vast collateral damage.
Sunday, May 19, 2019
Freud once said Rome was a palimpsest—an organic place with many layers of history and textures of meaning. The same, we now know, can be said of the Marvel Cinematic Universe, which ensures that heroic archetypes of old live on to still influence, instruct, and inspire us today.
Saturday, May 18, 2019
Not all things are right with the world here yet. There is a very long way to go. The point is that people in this country now know that change can happen.
Friday, May 17, 2019
Before New York acquired its status as the financial center of the world, the honor of that title was reserved for London and, before then, Amsterdam for roughly a century each.
Friday, May 17, 2019
Every unforced decision to trade represents a spark of insight, a hope for a better future, and the instantiation of a human relationship that affirms the dignity of everyone involved. Sometimes that relationship is personal; it is even more awesome to consider the enormously complex impersonal...
Friday, May 17, 2019
Housing starts and permits improved in April, but the outlooks for the major segments vary widely.
Thursday, May 16, 2019
If enough students find the hyper-politicized classroom offerings in the humanities and social sciences to their disliking, they will eventually vote with their feet.
Thursday, May 16, 2019
The trade war is all cost and, so far, no benefit, says Edward Stringham. 
Thursday, May 16, 2019
When Louis observed an infraction by a member of his nobility, punishment was swift.  Just like on campus today. 
Thursday, May 16, 2019
The problem is that we have discarded importance in favor of interesting.
Thursday, May 16, 2019
Amazon is often portrayed as the big, bad corporation that helped kill brick-and-mortar stores nationwide. However, a recent report shows the online retailer has actually helped small businesses flourish, boosting their sales across state lines.
Thursday, May 16, 2019
Volatility is to be expected for new media of exchange. But one should also be able to trace a lot of that volatility to news.
Wednesday, May 15, 2019
Retail sales and industrial production fell in April, continuing the multi-month run of mixed results for the economy. However, continued economic expansion remains the most likely path.
Wednesday, May 15, 2019
If socialism can’t be made to work in such a small and simple case like this, why would one think that all these problems would go away once you expand the idea of common ownership to the whole of society and all existing goods?
Wednesday, May 15, 2019
When any particular outcome emerges from the market process that is not suitable for market participants, the market will adjust and, sooner or later, produce another, better outcome. By contrast, government failures are rarely improved with adjustments.
Wednesday, May 15, 2019
Some claim that, over the last decade, tight monetary policy slowed down what would otherwise have been a rather speedy recovery. Can that possibly be right?
Wednesday, May 15, 2019
The jury is still out on whether Dodd-Frank has made the financial system more robust. But we are starting to get a clearer picture of what impact it has had on compliance cost, bank lending, and bank consolidation.
Tuesday, May 14, 2019
Small-business confidence rose in April, and expectations are generally upbeat, but labor shortages are a major concern.
Tuesday, May 14, 2019
Why does untruthful scholarship so often take root, and even become a “consensus” interpretation despite its factual deficiencies?
Tuesday, May 14, 2019
Are lovers of liberty ever to turn our faces toward the sun, standing on truly free soil? Remembering the Walled City of Kowloon should energize our determined, but peaceful, fight.
Tuesday, May 14, 2019
The institutional setting in which human relationships become real in our lives is the market. The moral aesthetic of the market is lovely. It fosters love. It needs love.
Tuesday, May 14, 2019
Socialism is the antisocial system of politics over people, governmental power instead of peaceful and free association, and a handful of imposed political plans instead of a pluralism of as many plans as there are people in the world.
Tuesday, May 14, 2019
Millennials are drowning in debt — failing to pay off their student and auto loans. Despite this reality, if you ask millennials today whether they’ll ever be rich, they will tell you that yes, their futures are bright. But is their optimism warranted?
Tuesday, May 14, 2019
A monetary rule would provide guidance and stability. But monetary rules are not incentive-compatible for monetary policy makers.
Monday, May 13, 2019
Surely allowing millions of American and Chinese businesses and consumers to freely cooperate would have created more wealth than one veteran dealmaker tightening his grip.
Monday, May 13, 2019
Modern knowledge of physics clearly is not a sufficient condition for mass prosperity. If it were, Soviet citizens in the 20th century would have been just as prosperous as American and Canadian citizens.
Monday, May 13, 2019
In a recent report, the Government Accountability Office recommends altering the metal content of the nickel and casts doubt on the benefits of suspending production of the penny.
Saturday, May 11, 2019
Because so many lack the patience to understand, and perhaps because so few can explain it coherently, there is a strange lust in the land to debunk the whole thing. Every single time the market drops, people get busy writing obituaries for crypto. I’ve been seeing these appear since the market...
Friday, May 10, 2019
AIER’s Everyday Price Index jumped 1.1 percent again in April, more than double the 0.5 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...
Friday, May 10, 2019
Hayek worked in the context of the near death of civilization in the world wars, near-universal enthusiasm for socialism among the intellectuals, and repeated exhortations in the face of periodic economic troubles that this time really was the Final Crisis of Capitalism.
Friday, May 10, 2019
Financial markets, including markets for complex instruments that may just look like speculative casino bets, allow important real transactions to occur. And in a brilliantly decentralized way, they bring into harmony people whose information, values, goals, and risk aversion differ.
Thursday, May 9, 2019
AIER’s Leading Indicators index rose 13 points to 38 in April, up from 25 in March. March’s result was the lowest since June 2009. The Roughly Coincident Indicators index and the Lagging Indicators index both held steady, at 83 and 67, respectively (see chart). April is the fourth consecutive month...
Thursday, May 9, 2019
Capitalism is not a hallmark of conservatism, it’s the most surefire way to change the world.
Wednesday, May 8, 2019
Alexandria Ocasio-Cortez is from New York, where garbage disposals are not very common in apartments because they were only legalized in the 1990s, as incredible as that seems. But now she lives in D.C., and she has discovered that there is one in her apartment.
Wednesday, May 8, 2019
Retail vehicle sales slowed in April but remain in the recent range of 16 to 18 million annually. Consumer credit rose despite a drop in credit card debt.
Wednesday, May 8, 2019
Who knows? Maybe, just maybe, regulated capitalism will be replaced with free-market capitalism.

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