Daily Economy

Saturday, January 5, 2019
I don’t really care who started this war. It’s a war that no one can win.
Friday, January 4, 2019
Tragically, too few Republicans and market defenders have called out the Trump administration for itsterrible trade policies.
Friday, January 4, 2019
Liberty in its personal, social, and economic aspects cannot be compromised without threatened and actual loss of its essential qualities and a losing of the moorings that protect humanity from the paternalistic and overbearing and tyrannizing state.
Thursday, January 3, 2019
A drop in the ISM manufacturing new orders index suggests slower growth but payroll processor ADP estimates a surge in private hiring in December.
Thursday, January 3, 2019
The model of government ownership and management is an anachronism. Change the fundamentals. That way, we can look back at these days and say with confidence: we did good.
Wednesday, January 2, 2019
The Federal Reserve raises interest rates despite pressure from President Trump. Watch AIER President Edward Stringham discussing the Fed decision on Fox Business.  
Wednesday, January 2, 2019
If nuclear power is cheap, clean, and efficient, of course, that spells trouble for traditional fossil fuel producers and users.
Wednesday, January 2, 2019
But because no one in a market economy is entitled to his or her particular source of income, whenever competition obliges producers to adjust to the demands of consumers, producers — while paying the costs of participating in a market economy — suffer nothing that ought to be described as losses.
Tuesday, January 1, 2019
Designing a game economy is more art than science, and testifies to the Hayekian notion that economics demonstrates how little we know about what we imagine we can design.
Monday, December 31, 2018
The road not taken by Cuba, that of not having the revolution, is one on which the country would have been healthier and richer than it is now. This denial of human flourishing makes Cuba just like any other Communist regime, and thus the regime deserves only scorn.
Monday, December 31, 2018
European payments just got a whole lot faster. But faster speeds come at a cost.
Friday, December 28, 2018
Economics makes it impossible that powerful people can finally rule the world. 
Friday, December 28, 2018
The Fed’s failure to shrink its balance sheet and commitment to paying above-market interest on reserves could undermine its ability to combat the next recession.
Thursday, December 27, 2018
Long-term stability in economic growth owes to the robustness of economic organization in the United States. A single president might transform the economic landscape, but that transformation is necessarily constrained.
Thursday, December 27, 2018
A new NBER working paper raises doubts about the welfare gains from mobile banking.  
Thursday, December 27, 2018
Education suffers from the same dilemma as state-run health care: the potential for cost saving remains unfulfilled since no incentives for efficiency exist. In order to get the subsidies and the other benefits from government, the universities must adhere to specific bureaucratic rules.
Wednesday, December 26, 2018
Instead of striving for a theoretical ideal of perfection, markets are supercomputers of epic proportions, leveraging the information and motivation of every individual to make sure the right resources get to the right places at the right time.
Wednesday, December 26, 2018
Why are diversity, variety, and differences celebrated and respected in most realms of human life except in the realm of wealth?
Monday, December 24, 2018
It’s been a rough 2018 for those who support free trade across borders, but the Economic Policy Institute has unwittingly given us a lovely Christmas gift. While attempting to show how much the U.S. aluminum industry has benefited from the ten percent tariff imposed in March, it ends up...
Monday, December 24, 2018
Saying that trade has losers suggests that stopping trade would eliminate such losses. Wrong. 

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