Daily Economy Articles

Tuesday, March 19, 2019
If the U.S. doesn’t want these immigrants, I am sure that other countries like Canada and Australia will. That’s how competition works.
Monday, March 18, 2019
Much of what the state does truly is predatory.
Monday, March 18, 2019
The creation of money doesn’t create wealth, unless money itself is wealth — as it was when it was gold and silver. The sooner we learn this lesson, the sooner we’ll be able to revive real, robust, and sustainable wealth creation.
Monday, March 18, 2019
It is not hard to find commentary on the internet indicating that Bitcoin is bound to fail. But there is no reason to think that cryptocurrencies will disappear.
Sunday, March 17, 2019
The eco-fascist screed from the New Zealand murder comes across as crude and low-level, the wild ramblers of a trash-talking 20-something raised on 4chan, 8chan, and the most hateful parts of the Internet. It was not always so. Men with the same views, much more sophisticated in expression but just...
Sunday, March 17, 2019
At some point, the last dollar invested in honest profits is going to return less than the first dollar to be spent on cronyism. After that, the firm becomes dependent on the state.
Saturday, March 16, 2019
Edward Stringham on Fox News comments on the growth rates of the American economy and the factors that go into causing it. 
Saturday, March 16, 2019
As with all innovations, we went from deprived to entitled in a relatively short period of time. The age of not knowing became the age of knowing in a few short years, all thanks to astonishing innovations in service of making the world a better (but never perfect) place.
Friday, March 15, 2019
Consumer sentiment improved in early March, maintaining a generally high level by historical comparison. The tight labor market remains one of the key supports for consumer sentiment.
Friday, March 15, 2019
The ideology of hate that spilled so much blood in New Zealand is best avenged through a new dedication to a social philosophy of love, cooperation, and freedom for all.
Friday, March 15, 2019
By finding a way to make the life of consumers easier, Kohl’s managed to stay relevant while boosting its sales in the meantime. In this case, the firm learned that if you can’t beat them, you might as well join them. And by working on something new, something that has drawn in younger customers to...
Friday, March 15, 2019
Control over money is the legal privilege of the monetary authority. But the monetary authority is not above reproach.
Friday, March 15, 2019
Anyone who maintains that a $75 billion income tax cut helps the economy must also agree that a tariff hike of $45 billion or more must harm the economy. This study looks back on the unprecedented developments in international trade that happened in 2018.
Thursday, March 14, 2019
New single-family home sales fell 6.9 percent in January. Slowing sales and rising inventory are weighing on new construction, suggesting new-home construction is unlikely to contribute significantly to economic growth in coming quarters.
Thursday, March 14, 2019
Young people were never as deep in debt as they are now, a new New York Federal Reserve report claims. And while there are plenty of factors that led to the current crisis, there are some underlying economic problems that have made this situation worse.
Thursday, March 14, 2019
The classical liberal must remake the moral case for individual liberty and the individual rights without which freedom cannot last in the long run – and remake the case for why the paternalism of socialism and the welfare state leaves us less human than we can or should want to be.
Thursday, March 14, 2019
AIER’s Business Cycle Conditions Leading Indicators index held steady at 42 in February while the Roughly Coincident Indicators index and the Lagging Indicators index were also unchanged, at 92 and 75, respectively (see chart). Despite having the Leading Indicators index below 50 for a second...
Thursday, March 14, 2019
A clear-eyed comparison of the alternatives actually available to us reveal why all the world’s developed nations use some version of capitalism. The only people who advocate socialism are those who don’t know how it actually works.
Wednesday, March 13, 2019
If getting rid of the regulations would be of such unambiguous benefit to Arkansans, why doesn’t it happen swiftly?
Wednesday, March 13, 2019
The history of sovereign debt appears to be a history of default, repudiation, and limited debt enforcement. Why, then, do investors keep going back?
Tuesday, March 12, 2019
The Fed has a monopoly on the creation of base money, the fundamental asset underlying the banking and financial system. And over decades, with each instance of financial turbulence, the Fed has become less constrained in how, when, and why it creates base money.
Tuesday, March 12, 2019
AIER’s Everyday Price Index rose 0.4 percent in February after posting four consecutive declines between October 2018 and January 2019. The Everyday Price Index measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. It excludes prices...
Tuesday, March 12, 2019
Just because something is possible doesn’t mean it’s likely, though — or worth more than cursory attention.
Tuesday, March 12, 2019
It's a myth that the rich paid 90% or even 70%. Let's take a closer look.
Tuesday, March 12, 2019
Let us celebrate honesty in politics above all else, even when it preaches something brazenly wrong, such as is the case with the far left and the far right today. Sincerity and forthright telling of truth in the long run skew in the direction of freedom. It’s the Gnostics among us that confuse and...
Monday, March 11, 2019
Retail sales growth bounced back in January, but economic data continue to be mixed, suggesting a heightened degree of caution for the economic outlook.  
Monday, March 11, 2019
Given the way that they skewed their poll results toward the GND with biased and loaded questioning, it’s reasonable to ask whether their research output crossed the ethical line separating scholarship from politically motivated advocacy.
Monday, March 11, 2019
Elizabeth Warren knows the real problem is that watching and controlling people’s lives is a natural monopoly, and should be the exclusive realm of government.
Monday, March 11, 2019
We can admire the engineering prowess that enabled NASA to land men on the moon and return them safely to earth. But even if politicians (contrary to fact) were apolitical stewards of the public welfare, governing society is not an engineering task. It follows that NASA’s remarkable achievement...
Monday, March 11, 2019
Bankers have been steadily introducing cashless banks over the last few years in response to falling customer demand for cash. With fewer people wanting to withdraw or deposit cash, the cost of offering these services gets harder to justify to shareholders.
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,...

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