Daily Economy Articles

Thursday, June 20, 2019
The trade war is heating up. Unfortunately, the Fed’s current framework will exacerbate the damage.
Wednesday, June 19, 2019
We’ve come full circle from embracing the new social media platforms as tools of fostering a more connected, democratic, and enlightened world, to blaming them for the end of civilization as we know it.
Wednesday, June 19, 2019
Under a loose-money regime, the powerful get the new money first. 
Wednesday, June 19, 2019
There is a problem in public affairs. If there is a state, with the capacity to do good, the temptation to do something is irresistible.
Wednesday, June 19, 2019
While those who put their hands on this money first, such as Wall Street junkies, do make a profit, everyone else loses in the long run as the government’s policy of expanding the money supply and artificially inflating the prices of resources, as a result, devalues the currency.
Tuesday, June 18, 2019
Single-family housing activity continues to weaken with little evidence to suggest significant gains in the near future, but multifamily housing activity remains robust.
Tuesday, June 18, 2019
Cryptocurrencies are a different sort of financial technology from bank deposits, yet they are being shoehorned into the same category for regulatory purposes.
Tuesday, June 18, 2019
Several tech platforms have been developed in recent years and months, and their creators are committed to enabling Americans to fall back in love with conversation, rigorous debate, ideas, and learning — practices that were essential to the zenith of culture — not to mention democracy — including...
Tuesday, June 18, 2019
The Trump administration has imposed a rule that two existing regulations must be removed for every new regulation imposed on the economy. Unfortunately, the two-for-one rule does not apply to the trade policies consuming much of the administration’s attention.
Tuesday, June 18, 2019
Any defense of or desire for fiscal restraint and less government spending and borrowing are entirely out the window.
Monday, June 17, 2019
Among the most conspicuous of socialism’s failings is its capacity to generate vast shortages of things essential for life.
Monday, June 17, 2019
Let’s hope other Argentinian economists give this proposal serious consideration.
Monday, June 17, 2019
If a government manages to undervalue its currency in terms of foreign currencies, it subsidizes the consumption of foreigners who purchase its country’s exports. And while gains are reaped by those of its citizens who work to supply goods for export, currency undervaluation makes most of that...
Monday, June 17, 2019
The prospect of a safety net devoid of loopholes and bureaucracy is tantalizing. Unfortunately, fiscal reality reveals UBI to be little more than clever arithmetic and a distraction from more modest changes to welfare policy and the tax code that would directly help those most in need.
Sunday, June 16, 2019
What needs rethinking is not capitalism – much less the ideals of universal human rights and liberties – but the corruption of liberalism by a state that knows no limits to its powers.
Sunday, June 16, 2019
Don't become cynical; embrace the challenge; and as teachers of a subtle scientific discipline it is vital to remember that the students will remember what is emphasized in the class, so emphasize throughout the lectures the enduring principles that are embodied in the economic way of thinking.
Saturday, June 15, 2019
Feldstein taught his students and readers to think about economic policy decisions in rigorous ways, backed by hard numbers.
Saturday, June 15, 2019
Facebook's Libra is easily and probably rightly criticized by crypto purists as a halfway house that makes too many concessions to legacy systems and plays too nicely with the existing regulatory system. All true. But that’s not where the story ends.
Friday, June 14, 2019
Gains in retail sales and industrial production in May are a positive for the economy, but trade wars are impacting consumer attitudes and represent a threat to the economic outlook.
Friday, June 14, 2019
Alarmists insist inequality is skyrocketing in the United States. A new measure of the top one percent's wealth should temper that claim
Friday, June 14, 2019
Efforts to change the composition of payments to employees, like those suggested by Sanders and championed by many on the left, are likely to leave the intended beneficiaries worse off. Such a policy means workers must choose between holding an under-diversified portfolio or incurring higher costs...
Friday, June 14, 2019
The administration’s lack of principles opens wide the door for the Democrats in Congress not only to introduce an overtime bill that goes far beyond the Trump rule but also beyond even the Obama ceiling. And as expected, they just jump at the chance to do just that.
Friday, June 14, 2019
AIER’s Leading Indicators index rose 12 points to a neutral reading of 50 in May, up from 38 in April. The Roughly Coincident Indicators index and the Lagging Indicators index both fell, to 75 and 42, respectively (see chart). May is the second consecutive month of improvement for the leaders index...
Friday, June 14, 2019
Because this is a tool the president can actually use — and because it bypasses the much more difficult task of having to persuade Congress of the merits of his ideas — Trump is using the tariff weapon more and more to address matters further and further removed from trade.
Thursday, June 13, 2019
Almost everybody likes receiving services from the government. Almost nobody likes paying for them.
Thursday, June 13, 2019
To address this complicated problem, we must rely on innovation, diversification, decentralization, settled cultural norms, and individual discipline. Which is to say, we must rely on ourselves.
Thursday, June 13, 2019
The bad news is that along with great economic performance has come a good bit of silly, one might even call it stupid, regulation and proposals for regulation.
Wednesday, June 12, 2019
It’s a rare artist who elicits the kind of widespread emotional homage that Elton John is receiving right now, hopefully, many years before his career is really over.
Wednesday, June 12, 2019
AIER’s Everyday Price Index rose for the fourth consecutive month, posting a 0.4 percent gain in May versus a 0.2 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...
Wednesday, June 12, 2019
In this he is no less of an economic tyrant than, say, Nicolas Maduro, the socialist dictator of Venezuela. He, too, rules by command and decree.
Wednesday, June 12, 2019
If the binding zero lower bound did not prolong the last recession, it may not prolong the next.
Tuesday, June 11, 2019
Dissatisfaction is baked into the human experience, keeping us all forever on the move, on the hunt, looking for the next thing. As tragic as this is, it is here we find the source of progress in the world, the unending search for a better life. And it is always a search, one that requires a social...
Tuesday, June 11, 2019
Small-business confidence rose in May while job openings remain at historically high levels in April. Both are positive signs for the economy despite the high level of uncertainty caused by erratic trade policy.
Tuesday, June 11, 2019
If there is a bright spot to the tariff war, it’s that the Fed has definitively exposed itself as a political body, less interested in economic growth than serving the interests of power.
Tuesday, June 11, 2019
There are a lot of ways firms and workers can adjust to higher minimum wages without anyone actually losing his or her job.
Tuesday, June 11, 2019
The question is not if, but when and how reforms will come.
Monday, June 10, 2019
If we persist in reducing their brilliant progress to anything other than hard work being matched with freedom, we risk turning the biggest consumers of all things American against the United States. The economic consequences for the American people will be unfortunate.
Monday, June 10, 2019
Crony capitalism comes in different shapes and sizes, with policies like bailouts, trade barriers, tax credits, and subsidies all benefiting certain companies at the expense of their competitors.

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