Daily Economy

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...
Sunday, November 25, 2018
Harwood could not remain silent and still call himself a man of honor. He established AIER in response, an institution dedicated to the fight for integrity, sound money, and free markets. The confrontations with Washington continued over the decades.
Saturday, November 24, 2018
Claiming to be looking after the homeless’ safety, health officials said the food, which is prepared by volunteers at their own homes, is not good enough for people living on the street. After all, home-cooked meals could expose the needy to food-borne illness.
Saturday, November 24, 2018
The political and economic outlook undergirding the market order is often called individualism because of the central role of human volition in its unfolding. At the same time, this individualism creates a beautiful community of enterprise, one far more reliable, effective, and life-affirming that...
Saturday, November 24, 2018
The division of labor can be cultivated in a setting with no history of prosperity, and highly productive specialization can be fostered even in people who have no special knowledge or abilities at the outset.
Friday, November 23, 2018
The combined effort of the central banks of the United States, Japan, and Europe to “stimulate” their economies has initiated an asset price bubble.
Thursday, November 22, 2018
Here’s the thing about international trade. When it is interrupted, even if only in a limited way, it affects everything — not immediately, but over time. Costs of production rise. Consumer prices rise. Trade routes are lost. Supply chains are disrupted. Retaliation is inevitable because...
Wednesday, November 21, 2018
If Congress follows his lead and passes the piece of legislation in the following months, this will be the first time lawmakers take on the draconian sentencing practices that activists have long associated with the immoral war on drugs.
Wednesday, November 21, 2018
There is a solution to the rise of nationalism. That solution is self-determination. It would have worked after the First World War, had it been tried, and it will work today. 
Tuesday, November 20, 2018
A drop in new housing permits and a plunge in homebuilder sentiment suggest the outlook for housing remains cautious.

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