Daily Economy Articles

Thursday, July 11, 2019
The Federal Reserve is preparing to cut interest rates for the first time in a decade because it sees a cooling global economy and no sign of overheating in the jobs market at home. AIER President Edward Stringham joins Bloomberg to give his insight.
Wednesday, July 10, 2019
The idea of inevitability does not mix well with the logic of markets. We need markets and competition precisely because as human beings we have nowhere near the information or capacity necessary to make deterministic statements about the future.
Wednesday, July 10, 2019
There should be as much contact and trade as possible between people and no more formal contact between governments than necessary.
Wednesday, July 10, 2019
Trading is the very soul of the market economy. Taxing it is a sure path to killing that soul.
Tuesday, July 9, 2019
Small-business confidence and job openings eased back but remain at high levels. Both are positive signs for the economy despite the high level of uncertainty caused by erratic and uncertain policy.
Tuesday, July 9, 2019
Empirically, the socialist record is one of dismal and at times murderous failure. Why, then, do intellectuals, scholars, and commentators continue in their romantic attachment to it?
Tuesday, July 9, 2019
Instead of worrying about the rights over her songs falling into the wrong hands, she should understand that unleashing her work from the tight grasp of IP’s claws would benefit her, as it would set her apart from other artists, and benefit all humankind, as others would be able to improve on what...
Monday, July 8, 2019
Interventionist monetary policies, intending to lower interest rates to boost the economy or increase employment, are circumscribed.
Monday, July 8, 2019
Keep in mind what “progressive” means in this political context: an increase in the size, scope, and cost of government in American society.
Monday, July 8, 2019
Financial regulators appear to fear the creation of a few, small experimental entrants more than they fear the failure of the nation’s many, uber-risky megabanks.
Monday, July 8, 2019
The nation does not belong to anyone in the same way that a home belongs to its owner.
Sunday, July 7, 2019
Tanglewood is a model for anyone concerned about the future of classical music to study and emulate.
Saturday, July 6, 2019
Until we can reclaim the broad term of liberalism — and the assertion that society contains within itself the capacity of self-management — individualism will do just fine.
Friday, July 5, 2019
This is my short list of things I hear way too often in the investment industry, and my honest translation into English.
Friday, July 5, 2019
U.S. nonfarm payrolls added 224,000 jobs in June, all but guaranteeing a record-tying expansion, but uncertain leadership and policy remain significant risks.
Friday, July 5, 2019
"The idea of meritocracy requires a totalitarian state if you are going to take it seriously." ~ Stephen Davies
Friday, July 5, 2019
The focus on social justice, even ahead of helping the desperate, seems to be something very deep in the human psyche. Still, our reason should be able to overcome it.
Thursday, July 4, 2019
What lame employees lack is a basic economic understanding of labor, plus a work ethic. Gaining both is not just about the sweat of your brow and saving your soul. It is really about your own individual interest.
Wednesday, July 3, 2019
Thanks to the rise of prosperity and commercial society, picnicking was finally something for all to enjoy, not only the rarefied elite.
Wednesday, July 3, 2019
A variety of data released today suggest continued economic expansion. Despite concerns over trade policy, escalating trade wars, and global economic growth that are creating significant uncertainty, the outlook is cautiously optimistic.
Wednesday, July 3, 2019
Lagarde’s experience as a policy-maker and clear communicator may prove very successful. 
Wednesday, July 3, 2019
Some economists are touting Elizabeth Warren's wealth tax as a solution to our budget woes. Closer examination reveals that their revenue projections are wildly exaggerated.
Wednesday, July 3, 2019
"Every individual, it is evident, can, in his local situation, judge much better than any statesman or lawgiver can do for him." ~ Adam Smith 
Wednesday, July 3, 2019
Even if the reduction of trade barriers accounts for only a small part of the observed increase in growth, the cumulative gains from reform appear to be substantial.
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.

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