Daily Economy

Wednesday, February 21st, 2018

The creators of Dirty Money have failed to interpret the significance of profits in an economic system. What in fact seems to be a case against capitalism, is actually a case against patent monopolies.

Friday, February 16th, 2018

Americans deserve to be treated like productive citizens, as opposed to tax cattle when they take their talents abroad.

Thursday, February 15th, 2018

Ending the railroad’s long-distance routes would take trains off segments of rural railroad, saving lives. An Amtrak that behaves like a truly private railroad could focus on getting service in major corridors right, investing in improvements to do its job better, and improving overall maintenance to prevent close calls like the Maryland separation. Getting its year back on track will be a challenge, but there is hope for policy change that could make things a little better.

Monday, February 12th, 2018

Over the past 10 years, prevailing wages earned by New York public construction workers have almost doubled the rate of inflation. There is just one problem. Most of the increase didn't go into their pockets.

Friday, February 9th, 2018

Federal grants and transfers are the techniques of choice used by socialist regulators in all federal countries, because in such countries it’s difficult to impose one-size-fits-all national schemes from the top down. Hence, federal spending power greases the wheels of reform by bribing the population and docile politicians and blackmailing and boxing in politicians skeptical of federal meddling.

Thursday, February 8th, 2018

As soon as the federal government gets into the business of general income security, such as paid family leave, the stage is set for an almost endless entitlement expansion. The proposal that Rubio and the IWF have come up with will open a Pandora’s Box of egalitarian add-ons.

Tuesday, February 6th, 2018

The large drop in financials of all sorts – both conventional and crypto – have people wondering what went wrong. What could have triggered this stunning sell off? What has spooked the markets? When there are no obvious answers, and there really aren’t this time around, it tempts people to believe that markets themselves are broken. Surely prices should behave more rationally and predictably. There is no justification for prices to swing this much.  But actually, a price is a point of agreement. No more, no less. It cannot be deconstructed. It cannot be understood apart from human choice. It has no moral component to it at all. It is not about equality, justice, labor, or cost. It is just a price. Every price in a market is the right price, right now. Whatever the price is in an hour, day, week, or year, is also the right price.

Thursday, February 1st, 2018

Citizens care about rents, and legislators will continue to bring bills to alleviate them until the pressure is gone. This bill would ease a variety of restrictions on properties near transit stations and bus stops with frequent service.

Wednesday, January 31st, 2018

In the face of true economic competition, the European Union is showing increasingly totalitarian tendencies toward those who offer better economic conditions than its member states.

Tuesday, January 30th, 2018

What I’m suggesting here is that the divisions between these various centers of political, culture, and intellectual power are actually a good thing. I wouldn’t want anyone to win the great debates of our time. The end of division itself might be the worst possible outcome because it would imply that someone power source is now in charge. We actually don’t want anyone in charge. We want to recreate the conditions that made the West rich in the first place: tremendous diffusion of power and unending competition between all sectors of society.

Monday, January 29th, 2018

A common misconception is that the only problem with current money is the central bank, and that once we abolish government control everything is going to be fine. However, a sound-money regime has to provide for the consistent time structure of property rights in money.

Friday, January 26th, 2018

So long as there are those who believe in socialism, we will always run the risk that they will do to us what their ideological brethren did to Venezuela.

Wednesday, January 24th, 2018

She had a beautiful and blunt way about her, never sugar-coating the history but always inspired by an ideal she fell in love with and never gave up: the idea that human freedom is the right principle for the good society.

Wednesday, January 24th, 2018

Market advocates have a golden opportunity to not only reign in federal spending but to introduce much-needed privatization in the infrastructure sector.

Tuesday, January 23rd, 2018

Politicians who ignore pension reform, sapping funds from facilities maintenance, should be replaced. These are real choices for school boards and for taxpayers, between accountability for maintenance and deterioration through thousands of little instances of neglect — choices that could avert situations like the one we see in Baltimore.

Saturday, January 20th, 2018

Although it’s obvious that eating laundry detergent, drinking way too much sugar, or consistently throwing away plastic isn’t good for you or the environment, it isn’t the job of the government to tell us what to do or how to live.

Wednesday, January 17th, 2018

With a mere whisper about reconsidering their investments in US Treasury bonds, Beijing rattled Wall Street and — if ever so briefly — raised our interest rates.

Saturday, January 13th, 2018

The capital stock built in the 19th century allowed countries like Sweden to finance generous welfare states. Socialist sympathizers overlook this point and put the cart before the horse.

Thursday, January 11th, 2018

It is simply not possible to grow defense spending without substantial, cost-curbing reforms to the rest of the federal budget.

Monday, January 8th, 2018

Residents of Oregon became outraged when a new law took effect allowing motorists in rural counties to, perish the thought, pump their own gas.

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