Daily Economy Articles

Saturday, February 2, 2019
It is like a living thing in your presence. It speaks with great profundity, the erudition achieved through wordless regularity.
Friday, February 1, 2019
The problem is not a single program or regulation. It’s the complete paradigm of a state that knows no limits to its power. That paradigm has gradually faded. Another will take its place. 
Friday, February 1, 2019
Our lives are on the brink of an enormous change, and something that has been a part of human life (and the foundation of society) for several thousand years is about to be changed utterly and drastically reduced.
Thursday, January 31, 2019
Sales of new single-family homes jumped 16.9 percent in November negating recent weakness, but is unlikely to be the start of a new sustained surge in housing activity.
Thursday, January 31, 2019
Given the high levels of uncertainty surrounding inequality measurement and ongoing improvements to each technique, common sense should caution us against adopting a sweeping tax code overhaul based on such an ambiguous and disputed statistical record.
Thursday, January 31, 2019
In a recent NBER working paper, Barry Eichengreen argues “there is no straight line from commodity money to fiat money and from there to crypto.”
Wednesday, January 30, 2019
If there’s one article or book you wish those on “the other side” could read with an open mind, what would it be?
Wednesday, January 30, 2019
Millennials, it seems, are killing yet another industry. Considering the new “victim” is the funeral home market, one can’t help but wonder if that’s not a positive change. Still, there’s a lot more to this sped-up “death” than meets the eye, especially if you look at how powerful the funeral lobby...
Wednesday, January 30, 2019
I am lucky to be alive. It would take me just a couple of hours to die from hypothermia if I were outside in such weather.
Wednesday, January 30, 2019
My ideal is for each government to immediately abolish all tariffs and other trade restrictions, regardless of what any other government does or doesn’t do. That is, I fully support a policy of unilateral free trade.
Tuesday, January 29, 2019
And so what do we do with this thing we call time? We make the best of it. We make it matter. How much? As much as we can comprehend. The mechanical clock, by dividing the thing we call the second into two parts, tick and tock, allows us to discern that our life is limited, that we cannot waste it...
Tuesday, January 29, 2019
Mission making turns economic decision-making into a political conflict of interest groups possessing bargaining power in the halls of government to determine what gets done, in what ways, and for whose benefit.
Monday, January 28, 2019
To regain civility in human interactions and finally treat other human beings as human beings again, we would do well to get politics out of human affairs.
Monday, January 28, 2019
In explicitly promoting righteousness at the expense of factualness, Ocasio-Cortez is — in pursuit of socialistic ends — doing so beneath the mantle of fascism.
Monday, January 28, 2019
Netflix may have started as a modest streaming service, giving viewers the opportunity to consume entertainment that only large TV and Hollywood studios could produce. But as consumers started ditching traditional cable packages for internet streaming, Netflix became a giant in its own right,...
Monday, January 28, 2019
The history of tamales offers a powerful historical lesson about humility: most of the time, we don’t understand why rules are good, and we certainly should doubt our ability to choose reforms that will be better.
Saturday, January 26, 2019
Edward Stringham on Fox Business, commenting on the new popularity of socialist economics. 
Saturday, January 26, 2019
Anti-discrimination law interrupts important information flows that enable buyers to make rational decisions, supporting values of which they approve and denying funds to people with values of which they disapprove. These laws thereby interrupt the feedback mechanism that makes market democracy...
Friday, January 25, 2019
Strong centralized nation-states are good at marshaling resources to defeat other nations in wars. But how have more recent “wars” we’ve fought against drugs, poverty, and terrorism turned out? Society has gone through staggering changes since 1941, and so have the problems we face. The left should...
Friday, January 25, 2019
Imagine if a company behaved this way, and refused to get audited for 26 years straight and then failed its audit. How long do you think its investors would stick around?
Thursday, January 24, 2019
Scheduled to take place in April and May 2017, the Fyre Festival became a cautionary tale about events hyped by social media influencers. But as it turned out, it also became a great example of how civil society can use technology for good.
Thursday, January 24, 2019
Those who cite low interest rates on government debt miss the point. It is not the price of government borrowing that matters. Rather, it is the opportunity cost of government borrowing to society.
Thursday, January 24, 2019
The modern idea of freedom was born with the rise of the commercial economy and the independence of its business sector. That independence should be sacrosanct.
Wednesday, January 23, 2019
Existing-home sales declined in December and are 12.8 percent below the November 2017 peak. Home prices, interest rates, and uncertainty are all contributing to the weakness.
Wednesday, January 23, 2019
Economists Emmanuel Saez and Gabriel Zucman claim we need a 70% tax rate to stem inequality. Their argument derives from a misreading of U.S. tax history.
Wednesday, January 23, 2019
We rely on competitive markets to supply us with “correct” quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. So why do we not rely on competitive markets to supply us with the “correct” quantity of money?
Tuesday, January 22, 2019
Understanding their misguided political assumptions and the damaging economic consequences that would follow from their coming to power is essential if a “green” road to serfdom is to be avoided.
Tuesday, January 22, 2019
Imagine that a new university has been built, and you are on the committee charged with laying out the sidewalks. What would you do?
Tuesday, January 22, 2019
That number sums all the improper payments by what the government calls high-priority programs. If it makes your head spin, it should.
Monday, January 21, 2019
Material acquisition and love of one’s neighbor are harmonious. It’s the combination of the two that makes up the driving force of economic progress.
Monday, January 21, 2019
Find any biological trait, posit it as a collective interest, set that trait against all other traits, and then struggle for power and privilege; your outlook comes to be characterized by loathing and resentment against the collective guilt of everyone but yourself.
Monday, January 21, 2019
When governments try to take responsibility away from consumers, they do more harm than good by teaching them they are vulnerable victims who should rely on regulators to tell them what’s safe and what’s not.
Monday, January 21, 2019
Chairman Powell's track record suggests that he has a grasp on fundamentals and that he is dedicated to reversing a decade of monetary imbalance.
Saturday, January 19, 2019
Edward P. Stringham on BBC's "Talking Business" — Jan. 18, 2019  
Friday, January 18, 2019
Manufacturing output surged 1.1 percent for the latest month, pushing the 12-month gain to 3.2 percent and continuing a mild accelerating trend in place since 2016.
Friday, January 18, 2019
Carbon taxes may sound like an efficiency improvement in the abstract, but their political implementation is a mess.
Friday, January 18, 2019
With perfect hindsight, we construct narratives about how technology changes the world. The internet flattened the world. Cars replaced horses. But what we miss, the often-catastrophic messiness during those transitions, is so much more interesting.
Thursday, January 17, 2019
Carbon-based fuels have powered modern economic growth - growth which is, by far, history’s greatest benefactor of humanity.
Thursday, January 17, 2019
AIER’s Business Cycle Conditions Leading Indicators index fell 21 points to 58 in December. The Roughly Coincident Indicators index held at 100 while the Lagging Indicators index gained 16 points to reach 83 (see chart). The sharp decline in the Leading Indicators index is a cautionary sign but...
Thursday, January 17, 2019
Bitcoin and other cryptocurrencies have a bad reputation. But they can be used to avoid high inflation and the effects of pernicious capital controls.

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