Daily Economy

Wednesday, March 27, 2019
Inverted yield curves may or may not predict recession. Will the Fed again cut rates to zero, piling new economic misallocations atop those which remain distorted by the previous decade of zero interest rates?
Wednesday, March 27, 2019
The very existence of wealth creation should fill us with awe, respect, and endless curiosity, as well as inspire within us a desire to celebrate and protect the institutions that make markets thrive.
Wednesday, March 27, 2019
The market economy is vastly superior to anything the government does because it gives customers the freedom to choose.
Wednesday, March 27, 2019
What does the Austrian theory of the trade cycle have to do with Gordon Ramsay? Plenty.
Tuesday, March 26, 2019
Consumer confidence fell in March but remains at a level consistent with economic expansion. Housing activity continues to weaken with no evidence to suggest significant gains in the near future.
Tuesday, March 26, 2019
We need some protection from the evil eye that modern politics is working daily to unleash.
Tuesday, March 26, 2019
Facebook and Google’s ability to watch their customers has made many uncomfortable, but after 2018 both know that their customers are watching back.
Tuesday, March 26, 2019
Successful banks move resources from lower-value to higher-value uses while unsuccessful banks move resources from higher-value to lower-value uses.
Monday, March 25, 2019
The Fed could be much better than it is. But it could also be much worse. Adding Stephen Moore to the Board of Governors would be a step in the wrong direction.
Monday, March 25, 2019
The Chicago Fed’s National Activity Index posted its third negative result in a row, but the index remains above levels historically associated with either recession or significant price increases.
Monday, March 25, 2019
Advocates of new government programs often promise that their programs are budget neutral — meaning that adoption of these programs will not increase net government spending. It's never true. 
Monday, March 25, 2019
A free press and an open intellectual environment is one that should not only challenge the words and deeds of governments in the name of liberty, but should unearth, investigate, and inform the professional and lay public about the realities and truths of the world in which we all live, in both...
Sunday, March 24, 2019
Behind every great innovation, there is an innovator or maybe many.
Sunday, March 24, 2019
What we are seeing in our time are the results of a mandate that all personal problems must and should be channeled to political solutions demanded by a collective activist army, with the goal of constructing an apparatus of coercion and compulsion that knows no limits to its power.
Friday, March 22, 2019
For progressive policymakers, it's often a Catch-22 between more complex rules and more draconian ones.
Friday, March 22, 2019
France was once a role model for what big government can do for its people, the very model of socialism sought by the American left. Now the place is in shambles.
Thursday, March 21, 2019
Financial privacy and autonomy are important. But cash and cryptocurrencies are not the only means to those ends.
Thursday, March 21, 2019
The Philadelphia Fed’s manufacturing survey was generally favorable in March with respondents were more upbeat about current conditions but somewhat less optimistic about the future. 
Thursday, March 21, 2019
We must find ways to unrig the system where it has been rigged by special interest interaction with politics, to decentralize decisions so that accountability is more vivid and accessible, and to avoid empowering politicians and their appointees to pick winners and monopolize markets.
Thursday, March 21, 2019
If you think Sweden is socialist, then you know something that just ain’t so.

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