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Robert Hughes

ISM Manufacturing New-Orders Index Hits Highest Level Since 2004

The ISM new-orders index came in at 69.4, up from 64.0 in November, and the 7th month in a row above 60. The strong performance suggests that growth in manufacturing output is likely to accelerate in coming months.


Max Gulker

President Trump’s First Year Included Setbacks for Liberty

President Trump has enacted some pro-market policies, but on the whole sets back the cause of liberty.


Jeffrey Tucker

Is the Cryptorouble a Viable Currency?

What would the cryptorouble bring to the table? It’s not hard to guess: some measure of control by the Russian government and central bank. We have no details yet on how the structure would work. But we can speculate. The best possible guess is that the cryptorouble would add a settlement layer to the official currency. It would enjoy the status of being legal tender. It would permit a more efficient and borderless method of transferring claims.


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