Daily Economy Articles

Saturday, February 16, 2019
Financial intermediaries that might not stand a chance against blockchain technology were it allowed to develop in a vacuum instead might be strengthened by it.
Friday, February 15, 2019
We will never know for sure how much more quickly green-energy technologies might have developed if the New Deal had not squelched the sector by subsidizing its dirty alternative.
Friday, February 15, 2019
Industrial production fell 0.6 percent in January as vehicle assemblies fell 13.7 percent. The weak report continues a string of disappointing economic data and justifies a cautious outlook. However, economic expansion remains the most likely path.
Friday, February 15, 2019
There is never any good reason for government to subsidize a private company. Such handouts are appalling in their cronyism, in addition to being a sign of economic ignorance.
Friday, February 15, 2019
And as Uber Eats becomes one of the strongest players in the industry, despite its origin as a ride-sharing app, it’s become even clearer that when there’s a need, the market will find a way to make it possible. And it’s the customer who benefits as a result.
Thursday, February 14, 2019
Unfortunately, it didn't cross the privileged lawmaker's mind that, perhaps, this type of exchange is beneficial to those in line. After all, they accepted to stand in for a lobbyist in exchange for money whereas they could be outside in the cold otherwise, making no money or having to beg for...
Thursday, February 14, 2019
Retail sales fell sharply in December, the third decline in the last five months. Broadening weakness in the economy suggests caution is warranted.
Thursday, February 14, 2019
AIER’s Business Cycle Conditions Leading Indicators index fell 16 points to 42 in January. The result was the first reading below 50 since August 2016. The Roughly Coincident Indicators index fell to 92 while the Lagging Indicators index dropped to 75 (see chart). The string of four declines...
Thursday, February 14, 2019
Income tax history provides many lessons on both the effects and perils of high rates.
Thursday, February 14, 2019
Anti-socialism without a coherent alternative tends to degenerate into a contradictory, idiosyncratic, and logically incoherent case for some unstable, impure mixture of the two systems.
Thursday, February 14, 2019
Central banking should be boring. Surprises in the stance of monetary policy are almost always a bad thing. The best thing a central bank can do to achieve macroeconomic stability is to be very open about its future intended policies.
Wednesday, February 13, 2019
AIER’s Everyday Price Index fell 0.3 percent in January after dropping 0.9 percent in December. January marks the fourth consecutive decrease in the Everyday Price Index and the fifth drop in the last seven months. The EPI measures price changes people see in everyday purchases such as groceries,...
Wednesday, February 13, 2019
What is the strongest objection to the idea of liberty, markets, and a self-managing society? We’ve been subjected to vast numbers of them recently. Which is most compelling?
Wednesday, February 13, 2019
The classical liberalism of the 19th century needs to be the reborn new liberalism of the 21st century, to once more offer an ideal of individual freedom, free enterprise, impartial rule of law, and equality before the law.
Wednesday, February 13, 2019
Ten years have passed since Bitcoin was introduced, and it still isn't used much in online commerce. Will the Lightning Network get it back on track?  
Tuesday, February 12, 2019
The notion of a moral panic is a powerful one that explains much of what goes on in popular mass media, public discussion, and, all too often, actual policy. It is a valuable intellectual tool to use to protect yourself against unwarranted and dangerous anxiety and being taken advantage of by...
Tuesday, February 12, 2019
The true danger is not knowledge of “only” Econ 101. The true danger is ignorance even of Econ 101.
Monday, February 11, 2019
The site learned that of the 1,013 Amazon users it polled, 36.7 percent said they would be comfortable purchasing Amazon-branded prescription drugs while 16 percent said they would use a virtual doctor-visit service from Amazon.
Monday, February 11, 2019
As millennials struggle to put their money to work, still dreaming of owning homes but not being able to, they find it difficult to prioritize anything that won’t offer them real value in the long run. As expected, fast fashion is one of the first items to fall to the bottom of their list of wishes.
Monday, February 11, 2019
Complaining about injustice is cheap; bona fide progressives put their money where their ideals are, and reap as they sow.
Monday, February 11, 2019
A world with a changing climate will desperately need a strong private sector.  
Monday, February 11, 2019
Argentina has shown itself incapable of managing the money supply appropriately. It would do better by outsourcing its monetary policy.
Sunday, February 10, 2019
Daycare for all is a great idea. A new government program is the worst possible way to get there.
Friday, February 8, 2019
How to account for the existence of a document – widely trumpeted by the media – which proposes that we replace modern life for totalitarian government control?
Friday, February 8, 2019
Either the president still doesn’t understand that American consumers pay a large chunk of these tariffs (and that these tariffs are bad for the overall U.S. economy) or he is truly proud to penalize Americans who buy foreign goods that he doesn’t approve of.
Thursday, February 7, 2019
No, we do not exist to serve markets; markets exist to serve all people through the freedom to create, trade, and live a better life.
Thursday, February 7, 2019
All organized activities face challenges posed by knowledge problems, and warfare is no exception.
Wednesday, February 6, 2019
The U.S. trade deficit decreased slightly in November reflecting a smaller deficit in goods and a smaller surplus in services. Uncertainty over trade policy could restrain hiring and capital investment for some industries and threaten the broader economic outlook.
Wednesday, February 6, 2019
MMT is an academically-garbed attempt to overcome the unwelcome fact that governments are as bound by economic limits as firms and individuals are. Yet liberty always triumphs.
Wednesday, February 6, 2019
“Tonight,” Trump said, “we renew our resolve that America will never be a socialist country.” Indeed no complex society can be.
Wednesday, February 6, 2019
There was nothing inherent to the lighthouse that made it a public good. It was a public good because government regulation made it so.
Tuesday, February 5, 2019
Reports from the Institute for Supply Management suggest still-solid levels of current activity with elevated levels of uncertainty regarding the future.
Tuesday, February 5, 2019
Super Bowl commercials are one of the last bastions of truly mass media – where a 30-second spot can start a national conversation. The ads from Anheuser-Busch alleging that its competitors Coors Light and Miller Lite use corn syrup while it does not just might be a moment that gets people talking...
Tuesday, February 5, 2019
The urge to censor is the tribute that government pays to the power of ideas.
Tuesday, February 5, 2019
Government spending and borrowing has been and will continue to be seriously out of control, with dire longer-run consequences if not addressed, while addressing it would be far less of a fiscal disaster than it will be if the country is left to follow its current course.
Tuesday, February 5, 2019
People favor expansive government for different reasons and will want that government to do very different things, depending on their ultimate beliefs. Those beliefs will also typically lead them to support a government that is active in one area but not others.
Monday, February 4, 2019
Advertising, an extension of the freedom of speech, is ultimately about celebrating that of which Gladys Knight sang: “the land of the free.”
Monday, February 4, 2019
This ambiguity of the verb “to want” means that we must beware of political polls.
Sunday, February 3, 2019
Want to become a champion of liberty? Eschew historicism. Be suspicious of grand millenarian eschatologies. Learn to love the little things in life. Celebrate every individual’s right to choose how they live their lives. Smile when you think of every box of chocolate given and received this...

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