Daily Economy

Friday, December 14, 2018
While Karl Marx has served as the supplier of the political slogans, the economist Michal Kalecki has provided the guidelines for the actual policy in many parts of the world.
Friday, December 14, 2018
Canadian “robber barons” were exactly like the American robber barons: largely a myth.
Wednesday, December 12, 2018
AIER’s Everyday Price Index plunged 1.0 percent in November after falling 0.1 percent in October. Over the past five months, the EPI has fallen three times for an annualized pace of −2.7 percent. The EPI measures price changes people see in everyday purchases such as groceries, restaurant meals,...
Wednesday, December 12, 2018
The sharing economy has made sharing our private property and time more than acceptable; it’s made it a glamorous occupation. As millennials transform side hustles into how they make a living, yet another aspect of our personal lives is becoming fair game: our closets.
Wednesday, December 12, 2018
To save lives by ensuring that large-scale, sophisticated repairs for dilapidated buildings are swiftly and efficiently undertaken, the Cuban government must free the market for capital goods.
Wednesday, December 12, 2018
They want us to use rags, sponges, and mops again for all our small spills in the kitchen? Forget it. We don’t want cross contamination. We don’t want stinky sponges around our food. We don’t want to drag out buckets and rags just to remove that spilled milk on the counter. We don't need a new...
Wednesday, December 12, 2018
Professor Stiglitz is confident that humanity can be made better; just collect the data, organize and catalog it, and reduce all to a series of statistical indices, and heaven will be a little closer on earth once the right policies are implemented.
Tuesday, December 11, 2018
The rest of us are caught between two brands of ideological fanaticism that begin in a bad idea, deploy government power to realize the goal, and end as a grave threat to liberty and property.
Tuesday, December 11, 2018
Video games, it seems, have become teens’ drug of choice, consuming hours of their lives. The result is what one would expect: bad grades, concerned parents, and broken family relationships. In the end, many are having to go to rehab to regain control of their lives.
Tuesday, December 11, 2018
The increased violence near the US borders is the result of the current drug prohibition and will likely inflame with further prohibitory measures. 
Tuesday, December 11, 2018
Conventional wisdom says that inequality in the United States is spiraling out of control. But what do the data actually say?
Monday, December 10, 2018
Neoliberalism is one of academia's trendiest boogiemen. Do historians have the wrong origin story?
Monday, December 10, 2018
More effective than any government program would have been, the introduction of the internet, increased access to birth control, and the increased awareness that came from a popular TV show obviously helped generations of teens to make better decisions about their own lives.​​​​​​​
Monday, December 10, 2018
Markets guided by prices daily lead each of us to share happily and abundantly with each other despite the reality that we are, to each other, mostly strangers. Familiarity, affection, and brotherly love are virtuous feelings but these feelings do not contribute as reliably to our material well...
Sunday, December 9, 2018
Since neither politician, activist, nor voter are held responsible for our actions when a policy goes wrong, blame (or praise for that matter) is also highly distributed. This distribution of blame then diminishes the responsibility of those who might plausibly be held most culpable for the bad...
Saturday, December 8, 2018
As Forbes explained, trying its hand at music might just be the safest way of getting people to connect on the social platform once again. After all, following the contentious 2016 presidential election season, Americans seem to be more divided ideologically than ever before. But when it comes to...
Saturday, December 8, 2018
U.S. nonfarm payrolls added 155,000 jobs in November. Despite the weak performance, the labor market remains tight.
Friday, December 7, 2018
Inconsistencies are visible when politicians claim that war is the best way to peace, and when they admit that prohibition of alcohol failed in the 1930s even as they insist that the prohibition of drugs today will somehow work.
Friday, December 7, 2018
The financial part of the Marshall plan was not the decisive factor in the West European recovery. What mattered was economic liberalization, relative monetary and fiscal stability, and the promotion of economic integration.
Thursday, December 6, 2018
The ISM’s nonmanufacturing index rose to 60.7 in November. The increase follows the manufacturing report that also posted a gain in November. The two reports suggest slightly faster expansion for the economy last month.

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