Daily Economy

Friday, November 30, 2018
The market provides, even when nobody expects it to. That’s the lesson we’ve learned from Walmart, whose Texas mental health clinic is helping customers in need. 
Friday, November 30, 2018
The rose-colored tint on the glasses through Michael Lewis views government is vibrant and intense, but for libertarians who want to see real, practical, and attainable change in the near term, Lewis’ arguments are worth taking seriously.
Friday, November 30, 2018
The truth is that when you live, as I do, in Arlington ,Virginia , and work near Washington, D.C., you know all too well that humility is a very scarce commodity.  
Thursday, November 29, 2018
Real disposable income and personal consumption expenditures rose in October suggesting fourth-quarter real GDP growth is off to a strong start.
Thursday, November 29, 2018
The Riksbank—Sweden’s central bank—intends to issue a digital currency.
Wednesday, November 28, 2018
Unlike public agencies, companies must adapt to make sure their consumers are happy. Otherwise, they go out of business.
Wednesday, November 28, 2018
Sales of new single-family homes fell in October and the inventory of homes for sale rose, driving months’ supply to a seven-year high. With prices and interest rates rising, the outlook for housing is unfavorable.
Wednesday, November 28, 2018
AIER was founded on the principle of sound money and has always had a strong connection to gold. To balance all the research and theoretical work we are doing on campus, we went on a field trip to Ottawa, the city hosting the Canadian central bank museum as well as the Royal Mint of Canada.
Wednesday, November 28, 2018
What is needed is a much smaller government so that free individuals can be freer to make more of their own decisions in guiding their own lives rather than a big government with an “imperial” president arrogantly attempting to command and control them.
Wednesday, November 28, 2018
Paul Volcker takes issue with the Federal Reserve’s two-percent inflation target. He is right to do so.
Tuesday, November 27, 2018
Economists have pondered for centuries, if not millennia, how to get rid of poverty, starvation, and all other kinds of social ills. Seemingly they did not think about asking Luigi di Maio, the 32-year-old deputy prime minister of Italy.
Tuesday, November 27, 2018
In post-war Germany, Ludwig Erhard made the restoration of free trade a top priority. Above all, this meant getting rid of tariff walls.
Tuesday, November 27, 2018
The theory of perfect competition should be utterly rejected, both as a theory of competition (which it is not) and as offering an appropriate standard against which to judge real-world markets (which it does not).
Tuesday, November 27, 2018
The Divisia monetary aggregates suggest that the equation of exchange is still a useful apparatus for monetary policy.
Tuesday, November 27, 2018
AIER can set a new and higher standard for quality, reach, and sheer intellectual firepower. We have the skill. We have the team. We have the passion. And we have a moral obligation.
Monday, November 26, 2018
Politicians and activists who blithely maintain that public support for lofty climate change projects is both bottomless and selfless are either obtuse or tacitly agitating for tyranny.
Monday, November 26, 2018
Sven Schütt is a visiting scholar at AIER and a MA student in the PPE program at Cevro, specializing in Austrian Economics and behavioral policy making. He is writing his MA thesis on Special Economic Zones and how they can help our nation's wealth.
Monday, November 26, 2018
There is an indissoluble link between capitalism and the stock market. Over the long run, stocks will rise when capitalism flourishes and fall when the entrepreneurial spirit wilts. Therefore, a crash is not to blame on the stock market but on the erosion of capitalism that has preceded the...
Monday, November 26, 2018
But despite the campaigners’ enthusiasm for the idea, smokers are known for not smoking fewer cigarettes when prices rise. Instead, they either ignore the hikes or find different ways to get their hands on nicotine products — and that includes resorting to the black market.
Sunday, November 25, 2018
What theatergoers don’t entirely realize is that they are watching something even more wonderful than what they see. In this one ballet, we gain a picture of a prosperous world that emerged in the late nineteenth century, was shortly shattered by war and revolution, and then was nearly killed off...

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