Daily Economy

Thursday, November 1, 2018
The Manufacturing Purchasing Managers Index registered a 57.7 percent reading in October. Despite a small decline, the index remains well above neutral and is a positive sign for the manufacturing sector.
Thursday, November 1, 2018
Society will only thrive as long as people are willing to passionately hold ideas that challenge the mainstream.
Thursday, November 1, 2018
At the end of the Second World War, the United States assumed the helm of global leadership at the international monetary conference at Bretton Woods in the New Hampshire in 1944. The purpose of this conference was to determine the principles of the postwar currency regime.
Thursday, November 1, 2018
When considering why central bankers do what they do, we often focus on their intentions or motivations. Instead, we should look for patterns of behavior that have adaptive value within the context central banking.
Wednesday, October 31, 2018
This is a fight between two political parties and groups desiring to have control of the same governmental machinery for the purpose of planning and directing people’s economic and social affairs in one way rather than another.
Wednesday, October 31, 2018
Vlad the Impaler and his literary incarnation — Count Dracula — have real historical roots in a dark period of economic nationalism.
Wednesday, October 31, 2018
Contrary to popular belief, police have never documented real cases of people randomly distributing poisoned candy to children on Halloween.
Wednesday, October 31, 2018
Chinese traction in the small but hypersensitive banknote market indicates that it is succeeding in earning global credibility. But most sizable nations continue to rely on their own state print works.
Tuesday, October 30, 2018
Consumer Confidence rose for the fourth month in a row to 137.9, the highest level since September 2000 and just 6.8 points below the all-time record.
Tuesday, October 30, 2018
The say that you have in the market is always real and effective.
Tuesday, October 30, 2018
If you were to take Teen Vogue’s word for it, you would think that capitalism is “exploitative and leads to a brutally divided society that tramples the working classes in favor of fattening the rich’s wallets.”
Tuesday, October 30, 2018
The argument that politics is controlled by some of the wealthy and run for their benefit is largely correct, but the conclusion should be that we should restrict their opportunity to do this by limiting politics and government, not that we should expand them.
Monday, October 29, 2018
There are ways to not just create jobs but empower people to do work of greater value.
Monday, October 29, 2018
A new NBER working paper considers how actions in the federal funds market affect stock prices and trade volume.
Sunday, October 28, 2018
When people think about Halloween, they think about candy, children in costumes, and scary decorations. I think about all these things too, obviously, but I find myself thinking also about sugar subsidies.
Friday, October 26, 2018
The economy is in depression, the unemployment rate is in the double digits, and the fiscal situation is bleak.
Friday, October 26, 2018
Real gross domestic product rose at a 3.5 percent annualized rate in the third quarter, driven primarily by strong gains in consumer spending. A positive outlook is further support by the results of the AIER Leading Indicators index, which scored a healthy 88 in September.  
Friday, October 26, 2018
One of the beautiful aspects of Bitcoin is that the creator is still unknown.
Friday, October 26, 2018
Long-run growth projections have plummeted since the Great Recession. How much blame does fiscal austerity bear for this bleak outlook?
Thursday, October 25, 2018
Society is much closer to a complex biological organism than to a matrix of engineering principles with explicit, contingent rules.

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