Daily Economy

Thursday, March 14, 2019
New single-family home sales fell 6.9 percent in January. Slowing sales and rising inventory are weighing on new construction, suggesting new-home construction is unlikely to contribute significantly to economic growth in coming quarters.
Thursday, March 14, 2019
Young people were never as deep in debt as they are now, a new New York Federal Reserve report claims. And while there are plenty of factors that led to the current crisis, there are some underlying economic problems that have made this situation worse.
Thursday, March 14, 2019
The classical liberal must remake the moral case for individual liberty and the individual rights without which freedom cannot last in the long run – and remake the case for why the paternalism of socialism and the welfare state leaves us less human than we can or should want to be.
Thursday, March 14, 2019
AIER’s Business Cycle Conditions Leading Indicators index held steady at 42 in February while the Roughly Coincident Indicators index and the Lagging Indicators index were also unchanged, at 92 and 75, respectively (see chart). Despite having the Leading Indicators index below 50 for a second...
Thursday, March 14, 2019
A clear-eyed comparison of the alternatives actually available to us reveal why all the world’s developed nations use some version of capitalism. The only people who advocate socialism are those who don’t know how it actually works.
Wednesday, March 13, 2019
If getting rid of the regulations would be of such unambiguous benefit to Arkansans, why doesn’t it happen swiftly?
Wednesday, March 13, 2019
The history of sovereign debt appears to be a history of default, repudiation, and limited debt enforcement. Why, then, do investors keep going back?
Tuesday, March 12, 2019
The Fed has a monopoly on the creation of base money, the fundamental asset underlying the banking and financial system. And over decades, with each instance of financial turbulence, the Fed has become less constrained in how, when, and why it creates base money.
Tuesday, March 12, 2019
AIER’s Everyday Price Index rose 0.4 percent in February after posting four consecutive declines between October 2018 and January 2019. The Everyday Price Index measures price changes people see in everyday purchases such as groceries, restaurant meals, gasoline, and utilities. It excludes prices...
Tuesday, March 12, 2019
Just because something is possible doesn’t mean it’s likely, though — or worth more than cursory attention.
Tuesday, March 12, 2019
It's a myth that the rich paid 90% or even 70%. Let's take a closer look.
Tuesday, March 12, 2019
Let us celebrate honesty in politics above all else, even when it preaches something brazenly wrong, such as is the case with the far left and the far right today. Sincerity and forthright telling of truth in the long run skew in the direction of freedom. It’s the Gnostics among us that confuse and...
Monday, March 11, 2019
Retail sales growth bounced back in January, but economic data continue to be mixed, suggesting a heightened degree of caution for the economic outlook.  
Monday, March 11, 2019
Given the way that they skewed their poll results toward the GND with biased and loaded questioning, it’s reasonable to ask whether their research output crossed the ethical line separating scholarship from politically motivated advocacy.
Monday, March 11, 2019
Elizabeth Warren knows the real problem is that watching and controlling people’s lives is a natural monopoly, and should be the exclusive realm of government.
Monday, March 11, 2019
We can admire the engineering prowess that enabled NASA to land men on the moon and return them safely to earth. But even if politicians (contrary to fact) were apolitical stewards of the public welfare, governing society is not an engineering task. It follows that NASA’s remarkable achievement...
Monday, March 11, 2019
Bankers have been steadily introducing cashless banks over the last few years in response to falling customer demand for cash. With fewer people wanting to withdraw or deposit cash, the cost of offering these services gets harder to justify to shareholders.
Sunday, March 10, 2019
For centuries, the whole point of commercial capitalism has been missed. It is not about material greed much less exploitation and exclusion. Its fundamental theme is love of this special sort. That is its driving energy and ethos. This love permeates every aspect of its operations. It requires...
Friday, March 8, 2019
U.S. nonfarm payrolls added just 20,000 jobs in February, the smallest monthly gain since September 2017. Combined with other recent disappointing economic data, the report raises concerns about the durability of the economic expansion.
Friday, March 8, 2019
Still, there’s absolutely no need for the government to pretend it has the duty to provide this service. As a matter of fact, it is the very roadblocks imposed by local governments that make it difficult for companies to have a greater presence in remote areas.

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