Daily Economy

Friday, March 8, 2019
Economist John Miller of Wheaton College wrote a sharp critique this week of my work on the job guarantee. I was pleased to see it. In nearly five months, Miller is the first economist on the left to respond on the basis of economics rather than retreating to blanket declarations that job-guarantee...
Friday, March 8, 2019
We ought to attack the true root cause of inequality — that is, rent-seeking. This is far more productive than redistributing the rents that the rent-seekers captured.
Thursday, March 7, 2019
It’s too little, too late, but Facebook has now promised to adapt. Open and public? Forget it. Smaller groups, closed, and private is the new way.
Thursday, March 7, 2019
Despite their recommendations, technology offers a sometimes more effective — and affordable — alternative to putting patients face-to-face with psychologists. All that the government agency has to do to truly help patients is to get out of the way.
Thursday, March 7, 2019
National economic statistics in a global economy are already suspect, even more so when we are talking about products that depend for their very existence on international supply chains. At this point in history, where trading relationships cover every nation and production structures are...
Wednesday, March 6, 2019
Translating what is completely mindless, the federal government is ultimately persecuting Huawei for being successful.
Wednesday, March 6, 2019
We take for granted the miraculous ability technology has now given us to travel to and communicate with virtually any place on the planet in little or no time. Yet we allow governments and their bureaucracies to use their coercive powers to constrain us from having the full freedom to create,...
Tuesday, March 5, 2019
It’s 2019, nearly five years after the Flint, Michigan, water crisis became news nationwide. But the city is still struggling to get access to clean water.
Tuesday, March 5, 2019
The ISM’s nonmanufacturing index rose to 59.7 in February. The increase was led by strong performances by the activity index and the new orders index. The report suggests continued expansion for the economy last month.
Tuesday, March 5, 2019
Beware, my friends. Socialists may start off believing that they are for the well being of all. But once they turn their attention to matters of control, they eventually discover that controlling demographics is essential to making all their dreams come true. That’s when they come after a...
Tuesday, March 5, 2019
Neither consumers of expert opinion nor experts themselves will ever fully transcend their biases, nor should they. But when experts disagree, it behooves us to avoid as best we can hunkering down into black-and-white thinking that conveniently accommodates those preexisting biases.
Tuesday, March 5, 2019
Just as we come up with ever-newer ways to combine materials into new goods and services, people are constantly coming up with new ways to combine sounds into music.
Tuesday, March 5, 2019
The Great Recession of the 2000s shaped a generation of macro- and monetary economists. We can debate the details. But three things warrant widespread agreement.
Monday, March 4, 2019
You are not in it for the money? That might be the source of the problem. 
Monday, March 4, 2019
This great variety of influential books testifies to the richness of the libertarian scholarly tradition. It’s filled with remarkable works of scholarship that are not (yet) as widely known and read as they deserve to be.
Monday, March 4, 2019
Sadly, the FDA has frozen the marketplace by saying that existing products could remain on the market pending approval (they still have not clarified how to get approval) but that no new products would be allowed to enter the market after 2016 and no changes could be made to existing products.
Sunday, March 3, 2019
China no longer wants your leftover pizza box. Nor your empty 2-liter bottle of Mountain Dew. They are being burned in the US instead. 
Friday, March 1, 2019
By the time the talent reaches our eyes and ears, the hard work is done. We see only the finished product. In our attempt to discern the difference between their level of awesome and ourselves, we reach for the easiest answer: the person must have been born this way. It just comes naturally.
Friday, March 1, 2019
The Manufacturing Purchasing Managers’ Index from the Institute for Supply Management registered a 54.2 percent reading in February. Despite a small decline, the index remains above neutral—a positive sign for the manufacturing sector.
Thursday, February 28, 2019
Real gross domestic product rose at a 2.6 percent annualized rate in the fourth quarter, putting the calendar year growth at 2.9 percent, the fastest pace since 2015. Consumer prices rose 1.5 percent in the quarter, putting the calendar year increase at 2.0 percent, the fastest since 2011, and the...

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