Daily Economy

Wednesday, April 3, 2019
Hayek still speaks to us today about the nature of democratic ways of relating to the rule of law, the structure of government, the role of public policy, and the promise of an international order of cosmopolitan liberalism.
Wednesday, April 3, 2019
Nonmanufacturing activity expanded at a slower pace in March. The results are consistent with a range of economic data that point to uneven growth, but they do not suggest a recession is imminent.
Wednesday, April 3, 2019
There are some clear advantages to the gig economy, for both workers who have specialized skills and for companies trying to remain small and nimble.
Tuesday, April 2, 2019
Regardless of the intentions or naïve beliefs, a system of democratic socialism cannot escape imposing commands and controls over economic life any noticeably different than those that were in existence in the old Soviet Union.
Tuesday, April 2, 2019
MMT in the colonial period often led to periods of ruinous inflation and, less well-understood, revolution-inducing deflation.
Tuesday, April 2, 2019
Some scholars argue that ordinary citizens should be allowed to open bank accounts at the Fed. Is this the best way to reduce financial exclusion?
Monday, April 1, 2019
The Manufacturing Purchasing Managers’ Index paints a modestly positive picture of the manufacturing sector in March, offsetting the weak report on February retail sales. The outlook is for ongoing economic expansion, but heightened caution is warranted.
Monday, April 1, 2019
Retail sales fell again in February, the second decline in the last three months. A string of mixed economic reports suggests caution is warranted.
Monday, April 1, 2019
The sharing economy, fueled by the internet’s capacity to match small buyers and sellers, looks like a revolutionary business model. But for this model to be sustained, there must be a reliable source of long-term profits.
Monday, April 1, 2019
The fact that the market does not supply as much paid leave as people would want if they did not have to pay full price for it is not a market failure; it’s a market success.
Monday, April 1, 2019
In terms of information access and the opportunity to learn and share knowledge, we’ve never been more rich and equal.
Monday, April 1, 2019
If you're a store owner in Philadelphia or the state of New Jersey, and you don't accept cash from your customers, pretty soon you'll be breaking the law.
Friday, March 29, 2019
Consumer sentiment and new-home sales are showing gains, but the broad economic picture remains mixed. Continued expansion remains the most likely path, but caution is warranted.
Friday, March 29, 2019
The problem with Moore is not that he doesn’t have a Ph.D. The problem is that he is less like Alan Greenspan, and more like Arthur Burns.
Friday, March 29, 2019
From a political point of view, with Boeing so much in then news following two recent crashes and with many taking a hard look at all the ways the company may have benefited from government favoritism, it doesn’t seem like a good idea for any legislators to call for the revival the Bank of Boeing.
Friday, March 29, 2019
By conflating the macroeconomics of Keynes with macroeconomics, we run the danger of discarding the contributions that Keynes himself inherited.
Thursday, March 28, 2019
Whether governments are going after scooters, targeting Google for selling advertising space, or limiting consumers’ data access, it seems that not even Europeans’ eroding trust in government is enough to get them to rally against stifling innovation. Still, tech fights on.
Thursday, March 28, 2019
Real gross domestic product grew at a 2.2 percent annualized rate in the fourth quarter, with real private domestic demand rising 2.6 percent. High levels of uncertainty surrounding economic policy and global economic conditions combined with mixed economic data raise doubts about the current...
Thursday, March 28, 2019
Social media companies like Facebook obviously want to comply with the law, but they would also like to stay in business. That business depends fundamentally on targeting based on some demographic grounds. If a consistent application of non-discrimination law means that advertising has to become...
Thursday, March 28, 2019
Can governments run large fiscal deficits financed with new money without generating significant inflation? The experience of Argentina calls this view into doubt.

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