Daily Economy

Tuesday, November 13, 2018
International trade is millions of mutually beneficial, voluntary transactions between firms and consumers that happen to lie across international borders. But that’s not how politicians or many in the general public conceptualize it.
Monday, November 12, 2018
The Hudson train station is especially charming. Indoors features lots of woodwork with a ticket window with iron bars and an old sign above it that says: TICKETS. There are benches around the periphery. You expect to meet an old guy there who is complaining about the policies of President Harding.
Monday, November 12, 2018
Despite the warnings made by many economists who urge officials to rethink putting additional restrictions on home-sharing services, residents from other European countries have also been pressuring officials to “do something” about all the prosperity the services have helped to provide.
Sunday, November 11, 2018
American politics today seems ever more a contest between two forms of state control – progressive/socialist and nationalist/fascist – with both sides deploying populist states of mass agitation with the hope of deploying power to achieve their ends. Where are the liberals? Not many even claim the...
Saturday, November 10, 2018
The Incredibles must discover the fortitude to push through and say no to those who want to bury talent in a thicket of mediocracy.
Friday, November 9, 2018
Consumer sentiment indicators remain at broadly favorable levels but rising interest rates and accelerating price increases are starting to have an impact.
Friday, November 9, 2018
Tuesday’s outcome was good for the freedom to consume and not to be jailed for your consumption choices.
Thursday, November 8, 2018
The fifth issue of the AIER Sound Money Project Working Paper Series is available online. AIER is currently ranked 152nd on SSRN's Top 1,600 Entrepreneurship Research & Policy Network Organizations..
Thursday, November 8, 2018
Initial claims remain near a record low as a percentage of the labor force while consumer credit growth slowed in September. Both are positive signs for the economy.
Wednesday, November 7, 2018
We are probably being overly confident in claiming that the great merit of crypto is disintermediation of all things. That probably won’t happen.
Wednesday, November 7, 2018
The financial crisis of 2008-9 was caused by government intervention, mainly in mortgage finance and the housing sector.
Tuesday, November 6, 2018
Open jobs in the U.S. were down slightly in September to 7.009 million, just below the record-high 7.293 million in August. Private job openings totaled 6.407 million in September. Overall, the data relating to the labor market continue to show strength.
Tuesday, November 6, 2018
Classical liberals and libertarians consider that their defense and insistence upon a principled practice of individual liberty and competitive free markets is no less of a moral necessity and calling than earlier demands for ending infringements on personal and social freedom that were widely...
Monday, November 5, 2018
Conventions exist when people all agree on a rule of behavior, even if no one ever said the rule out loud or wrote it down.
Monday, November 5, 2018
Arguments should be judged, ultimately, by their contents rather than by the identities of their flesh and blood deliverers.
Friday, November 2, 2018
An amazing book appeared before FDR was elected that explained all economic events, using sound economic logic and evidence. The crash, this book said, was the result of monetary mismanagement by the Federal Reserve and distorted price and interest rate signals.
Friday, November 2, 2018
U.S. nonfarm payrolls added 250,000 jobs in October and hourly earnings growth accelerated to a 3.1 percent rate, the highest since April 2009. Both are positive signs for the labor market and the economy overall.
Friday, November 2, 2018
Economists are often asked to render economic advice to foreign nations. Sometimes these countries are ruled by dictators. That presents a moral quandary.
Friday, November 2, 2018
Monetary policy has changed significantly in the last decade. How should the Fed move forward?

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