Daily Economy

Saturday, January 12, 2019
This shutdown is not showing us what freedom looks and feels like. It is not a libertarian experiment. It is showing us just how much government is doing that it need not do.
Friday, January 11, 2019
Technology rarely does what we hope or predict it will do. In a year of falling exchange rates and failed ICOs, Facebook’s co-option of blockchain technology might be the best news for the industry of 2018.
Friday, January 11, 2019
AIER’s Everyday Price Index plunged 0.9 percent in December after dropping 1.0 percent in November. Over the past six months, the EPI has fallen four times at an overall annualized pace of −4.1 percent. The EPI measures price changes people see in everyday purchases such as groceries, restaurant...
Friday, January 11, 2019
The Democrats who just took control of the House of Representatives have already implemented changes to House rules so that if they decide to act on Ocasio-Cortez’s idea to jack up the top marginal tax rate to 70 percent, no procedural obstructions will block their way.
Friday, January 11, 2019
While people in France and Austria might not be completely aware that this added tax will actually hurt them in the long run, authorities in those two countries should be reminded that the digital tax is nothing but an additional burden on the consumer; pretending the plan is about fairness will...
Thursday, January 10, 2019
Everyone will get fired at some point in a career. Whether you turn this to the good in your life is up to you.
Thursday, January 10, 2019
While it is appropriate for monetary policy to be removed from active political interference, it does not follow that monetary policy ought not be judged according to democratic standards.
Wednesday, January 9, 2019
Baseball teams are judged on wins and losses, and firms in the marketplace are “judged” by profits and losses. Since performance is objective, there is far more pressure on participants to put aside their prejudices and personal preferences.
Wednesday, January 9, 2019
Interest rate manipulations by central banks through monetary policy are similar to price controls on other goods.
Wednesday, January 9, 2019
The fact that Brown was convicted before juvenile sentencing guidelines in Tennessee changed made her case even more heartbreaking. After all, Brown wouldn’t have been tried the same way under the current system.  
Wednesday, January 9, 2019
Argentina has secured an IMF agreement and announced aggressive policies to reduce its fiscal deficit and inflation rate. But that might not be enough to comfort its creditors.
Tuesday, January 8, 2019
Small-business confidence and job openings fell slightly in the latest reports but both remain at high levels, providing some positive support for the economic outlook.
Tuesday, January 8, 2019
The collapse in confidence in government from 77% to 18% is one of the most striking changes in public philosophy of the last half century. To proceed as if this means nothing represents astonishing ideological blindness.
Tuesday, January 8, 2019
When positive change finally does come to Venezuela, the nation will have its chapter of the Bastiat Society to thank for growing and maintaining the bottom-up foundation of a free market economy.
Tuesday, January 8, 2019
No country grows prosperous by dampening its citizens’ incentives to improve their skills as workers.
Tuesday, January 8, 2019
The blockchain technology is essential when trust is sufficiently weak, monitoring is sufficiently costly, privacy is sufficiently important, or security is of sufficient concern.
Monday, January 7, 2019
The historical narrative we've been hearing is both simplistic and wrong. It relies upon a confusion between the statutory tax rate (i.e., the number that’s on the statute books) and the effective tax rate (i.e., the percentage of income that people actually pay once exemptions, deductions, and...
Monday, January 7, 2019
U.S. nonfarm payrolls added 312,000 jobs last month, the largest since February 2018. However, market volatility and uncertainty surrounding trade, fiscal, and monetary policy suggest a cautious view is warranted.
Monday, January 7, 2019
Uber is not just helping common people by expanding their earning possibilities, it’s also giving folks with disabilities a shot at being more productive and independent, especially now that it's back at testing its self-driving car technology.
Sunday, January 6, 2019
If those on the left who subscribe to MMT believe political history will end once they finally implement their enlightened government programs, they are guilty not just of bad economics but of astounding political naivete.

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