Daily Economy Articles

Monday, August 12, 2019
When the U.S. devalues the dollar, the tight relationship between the world’s currencies and the dollar means that a devaluation stateside is generally a global event.
Monday, August 12, 2019
Ordinary Americans are indeed today much richer than they were during any imagined past golden age.
Monday, August 12, 2019
GATT marked a seachange in economic affairs, the moment when nationalist-style protectionism gave way to international cooperation and the primacy of enterprise. It was the revolution of 1948. 
Sunday, August 11, 2019
Beware: every theory that posits that your job is alienating is a ruse to draft you into a new form of collective identity in which you will have fewer choices.
Sunday, August 11, 2019
Today’s currency war with China promises to deliver what currency wars always deliver: instability and uncertainty.
Saturday, August 10, 2019
The U.S. has fewer med school spots per capita than almost any other developed country. 
Saturday, August 10, 2019
My students in Prague (or in Fairfax) do not appreciate enough how the right-wing populist assault on markets is as (if not more) dangerous to the Liberal Project as those from the left.
Friday, August 9, 2019
Outdated intellectual property (IP) laws severely restrict the production of books and material that should be easily accessible to the public.
Friday, August 9, 2019
Free market capitalism naturally seeks ways to be inclusive by trying to attract a wider consumer base.
Thursday, August 8, 2019
As politicians continue to promise privileges in exchange for votes, by telling Americans they have a “right” to education, we forget to see this problem for what it is: the result of a lack of personal responsibility.
Thursday, August 8, 2019
Initial claims near 200,000 and private job openings near 7 million suggest the labor market remains tight, supporting personal incomes, consumer confidence, and future consumer spending.
Thursday, August 8, 2019
If we really want the political class to do something, my humble suggestion that they stop fomenting tribal wars that fuel hatreds and instead point out the great lesson of modernity that people in all their diversity can work together in peace.
Thursday, August 8, 2019
Even if it proves to be an inexact science, the effort is worth undertaking.
Thursday, August 8, 2019
the Fed should stay in its lane and stop trying to re-invent what banks are already doing.
Wednesday, August 7, 2019
The notion of the cultic milieu helps explain many aspects of today’s politics, such as the rise of movements like the alt-right, and the growth of fringe beliefs across the ideological spectrum.
Wednesday, August 7, 2019
Alexandra Hudson joins the Next Revolution with Steve Hilton to discuss why government cannot fix this.
Tuesday, August 6, 2019
Ideologies of control and hate have targeted commercial life because of its best feature of breaking down tribes and substituting in its place an ever-evolving universal cooperation.
Tuesday, August 6, 2019
The founder of The Nation magazine would have completely rejected the Green New Deal as a socialist and illiberal disaster. 
Tuesday, August 6, 2019
Leadership is a pseudoscience for constructing narratives. America does not 'need a leader'.
Tuesday, August 6, 2019
Compared to beneficiaries, the victims of government interventions are indeed typically more difficult to see — which is why good economists spend so much time and energy explaining the reality of these victims.
Monday, August 5, 2019
Nonmanufacturing activity expanded at a slower pace in July. The results are consistent with a range of economic data that point to continued though uneven growth.
Monday, August 5, 2019
Problems with punishment will persist, but they will be more tractable when government’s always-feeble efforts can be concentrated where they matter most: the protection of human lives, limbs, and property.
Monday, August 5, 2019
For many firms, their reputation is their most valuable asset. They will go to great lengths to protect it.
Monday, August 5, 2019
Republicans and Democrats are two sides of the same big, abusive, and anti-freedom government coin.
Sunday, August 4, 2019
Imagine there are two people, Jason and Namor, and they have these production possibilities for crimes prevented and movies made per year.
Saturday, August 3, 2019
The labor problems facing the Sanders campaign should make us pause for just a second and ask what it says about our ability to deliberate over, form, and articulate a Glorious Plan that will cure people’s ills, correct injustices, and secure domestic tranquility.
Saturday, August 3, 2019
This is a remarkable case of how a hastily drafted voting rule unintentionally drove the whole Democratic field to a wacky level of ideological extremism that nearly guarantees they will lose a national election. Everyone knows it, most everyone is against it, but no one can stop it.
Friday, August 2, 2019
The theory that Facebook acquired Instagram and WhatsApp primarily to squelch future competition represents a view of antitrust that is simplistic and naive. It also endangers a startup business model that has produced incalculable benefits through innovation.
Friday, August 2, 2019
The human imagination has a way of inventing an infinite number of reasons why the personal ego is superior to logic and evidence. 
Friday, August 2, 2019
A solid though not spectacular July jobs report points to continued modest economic growth. It also adds to the uncertainty around monetary policy, making justification for the most recent rate cut and future rate cuts more difficult.
Friday, August 2, 2019
Smith demonstrated that if you really want to help other people, especially poor people, you need to support the growth of commercial society all over the globe.  
Friday, August 2, 2019
For a child of a banker, John Lanchester manages to get a lot of banking backwards.
Thursday, August 1, 2019
The Manufacturing Purchasing Managers Index posted its fourth-straight decline and lowest reading since September 2016. Mixed economic data continue to suggest a high degree of caution amid slow economic expansion.
Thursday, August 1, 2019
The use of the lobotomy in US medical history is a shocking and concerning event which continues to leave physicians and historians asking how such a thing could happen. Now we know.
Thursday, August 1, 2019
The approach of unconditional help regardless of the results doesn’t work in our private lives. How much worse is it when taxpayers are paying the bill?
Wednesday, July 31, 2019
Edward Stringham speaks on Yahoo Finance on the strange timing of the Fed's interest rate moves. 
Wednesday, July 31, 2019
ADP estimates 156,000 new jobs were created in July. Overall, the labor market remains solid, and while uncertainty over trade and monetary policy remain, the most likely path is for continued expansion.
Wednesday, July 31, 2019
The US women’s national team have claimed their second consecutive World Cup. Exciting fans with a brilliant run throughout the season. Unfortunately, the celebration of female accomplishment cannot exist without being shadowed by the fake gender war politics of the current year.
Wednesday, July 31, 2019
Although the multiplication of national gold standards that gave rise to the classical gold standard was partly accidental and partly the outcome of deliberate legislation, market forces also played an important part in it.
Wednesday, July 31, 2019
Milton Friedman was the very model of a careful thinker, a first-rate scholar, and a clear communicator. He left an intellectual and institutional legacy that will be often imitated but likely never equaled. Our world is better because he was with us.

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