Daily Economy Articles

Tuesday, July 2, 2019
Every promise of a free government service should be greeted with instant, habitual, and empirically verified incredulity.
Tuesday, July 2, 2019
Libra could become successful, but there are acknowledged technical issues that must be resolved for that success to happen, and they will take time.
Tuesday, July 2, 2019
It meant that there was not a clear or distinct governing class, much less a hereditary one.
Tuesday, July 2, 2019
The Trump administration needs to give the economy a dose of the right kind of nothing, relax the trade war antics and stop bashing trade partners, lay off the Fed, and by doing so will give real GDP growth a positive nudge. 
Tuesday, July 2, 2019
The philosophical underpinnings of the Declaration of Independence, therefore, proclaim a self-evident truth of individual liberty and right to honestly acquired property that all men of unbiased reasoning could and should agree with and see as essential to a free, just, and prosperous society.
Monday, July 1, 2019
The Manufacturing Purchasing Managers Index posted its third straight decline and lowest reading since October 2016. Mixed economic data continue to suggest a high degree of caution amid slow economic expansion.
Monday, July 1, 2019
There is so much going on right now in cryptoland. Here are two audio interviews. 
Monday, July 1, 2019
It’s the countries most open to the world’s plenty, including plenty produced in countries that allegedly “cheat” when it comes to trade, that are the most prosperous.
Monday, July 1, 2019
As an introduction to the topics that will be dealt with in the AIER Graduate Colloquium, over the next few weeks Joakim Book will summarize the core readings that our students are currently reading to prepare for a good discussion at the event.
Monday, July 1, 2019
A protectionist cannot adequately explain why each and every household in the world does not itself literally build its own home.
Monday, July 1, 2019
An “efficient” carbon tax — one that truly solves the so-called “market failure” problem — requires that government officials first divine the optimal rate of emissions and then set the tax at a level that will result in this rate of emissions.
Monday, July 1, 2019
The opportunity to voluntarily tax yourself at rates you so choose is available to you via the US Treasury. 
Sunday, June 30, 2019
As politicians contemplate (and effectuate) policies moving us away from capitalism towards more socialism, perhaps it’s no surprise that we also see pervasive, unabashed freebie promising.
Saturday, June 29, 2019
The state is the one institution in society that is not legally bound to adhere to the rules that it can legally impose, via the threat of violence, on everyone else within its jurisdiction.
Friday, June 28, 2019
While offered as an ostensible corrective to the very real injustices of the school segregation that preceded it, busing itself is also a form of politically directed and centralized social planning.
Friday, June 28, 2019
While reading tea leaves based on Bitcoin’s price to predict the cryptocurrency’s ultimate success is tempting, its day-to-day volatility is perhaps more important in determining its practicality as a store of value.
Friday, June 28, 2019
Consumer sentiment fell slightly in June but remains at a high level while income and spending continued to grow in May. Tariffs and trade wars remain a significant risk.
Friday, June 28, 2019
If we want to get serious about the student loan problem, we should focus less on the point of repayment and more on the point of origination.
Friday, June 28, 2019
For all its imperfections, American business does a pretty good job — a much better job, Cowen argues, than most people think, and I, for one, agree.
Friday, June 28, 2019
If you do not want to surrender the term “liberal” to soft collectivism, then speak of individualist liberalism rather than classical liberalism.
Thursday, June 27, 2019
Is Trump engaged in a high-stakes game to bring about freer trade with China, or just looking for a way to justify the tariffs that he claims have revived American manufacturing?
Thursday, June 27, 2019
Global capitalism has made possible our aesthetic choice for minimalism. The infinite complexity of the global division of labor and international supply chains makes our simplicity seem easy.
Thursday, June 27, 2019
The benefits of higher education fall almost entirely on the recipient. So should the costs.
Thursday, June 27, 2019
For hundreds of millions of citizens across the world, digital currencies like Bitcoin, Ripple, and potentially even the Libra don’t pose a threat to financial stability. They offer an escape from chronic financial instability and high and variable rates of inflation that result from poorly managed...
Thursday, June 27, 2019
The greed of the wealthy for showing off has led to a remarkably wealthy society, the most egalitarian culture the world has ever known. 
Wednesday, June 26, 2019
New orders for durable goods decreased in May while core capital-goods orders rose; both appear to be plateauing amid rising uncertainty regarding the economic outlook.
Wednesday, June 26, 2019
The Libra could be to money and finance what Henry Ford was to automobiles.
Wednesday, June 26, 2019
What African-Americans, poor whites, and Native Americans want, and what they need, is what Adam Smith called “a tolerable administration of justice."
Wednesday, June 26, 2019
The Fed chairman insists that the central bank will make independent decisions but there is no way fully to insulate monetary policy from politics. 
Tuesday, June 25, 2019
If the managers of the dollar instead seek isolation, protection, sanctions, blacklisting, and devaluation, powerful market forces will continue to seek alternatives.
Tuesday, June 25, 2019
If you shut down sweatshops because you think people shouldn’t have to work in such bad conditions, are you really helping the poor folks who work there?
Tuesday, June 25, 2019
A new Urban Institute report claims that conservative philanthropy has shifted higher education to the right in the past 50 years. The empirical evidence says otherwise.
Tuesday, June 25, 2019
A decade has passed since the financial crisis of 2008-9. Unfortunately, the Fed is more politically exposed (and policy constrained) than ever.
Monday, June 24, 2019
In times past the monetary authorities confined these sorts of stringent measures to war-time. Perhaps they should stay that way.
Monday, June 24, 2019
The Libra has the potential to mark the start of something because if widely used, it will open the eyes of the global population to a truth about money: it works best when its value is stable, plus it needn’t be a government creation. 
Monday, June 24, 2019
The Wonderland of sincere protectionists is truly a crackpot unreality.
Monday, June 24, 2019
This June marks the 45th anniversary of the revival of the Austrian School of Economics. During the week of June 15-22, 1974, the Institute for Humane Studies brought together about 50 people in South Royalton, Vermont to listen to a series of lectures by three of the leading figures of the, then,...
Sunday, June 23, 2019
There is a great moral gravity to discussions of slavery. Academics owe the public an honest, accurate, and scientific assessment of slavery’s history, including its economic dimensions. Unfortunately, a key statistic being used in the reparations debate fails that test.
Friday, June 21, 2019
Every year or so, Congress reauthorizes a package of expiring tax provisions commonly known as "tax extenders." Usually, these extenders grant some economic privilege tailored to some particular group or business interest.
Friday, June 21, 2019
With its mechanical understanding of the process of wealth generation, the Department of Labor wildly exaggerates the role of labor hours in discerning, determining, and measuring economic value.

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