Daily Economy
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Trump Uses NATO Summit to Reinforce Mercantilist Policy
NATO members are finally taking more responsibility for their own defense. Using those security commitments to squeeze trading partners threatens markets and undermines diplomacy.
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The Airwaves Are Going on Sale Again. But Does the FCC Have the Right Goal?
Maximizing consumer welfare and enabling the fullest utilization of the airwaves requires that auctions be conducted to enhance efficiency in wireless markets rather than be narrowly focused on generating revenue.
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Welcome to Trillionistan. Don’t Get Comfortable.
Not all trillions — debts, valuations, investments — are created equal. Huge nominal numbers often obscure the institutions and incentives that produced them.
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California’s Billionaire Tax Is Backfiring Before It Begins
California’s proposed wealth tax promises billions in new revenue. But early evidence suggests it will ultimately cost the state far more in investment, entrepreneurship, and future tax receipts.
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Immigrants Build America’s Most Valuable Companies
Visa holders founded half of today’s Fortune 500 companies and a majority of billion-dollar startups. Current restrictions damage that competitive advantage and choke off future growth.
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Entrepreneurship Requires More Than a Million-Dollar Idea
The entrepreneur’s challenge is creating value others want to buy. They don’t start with a perfect idea, but with a willingness to listen and learn.
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AIER Everyday Price Index Down Slightly After Spring Cost Surge
Our in-house inflation measure fell one percent, though core household expenses continue to climb. Post-surge relief from gasoline prices concealed smaller effects, buying the Fed some time.
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June Inflation Slowed as Energy Prices Fell
Markets sharply reduced the odds of a July rate increase after June CPI showed broad-based moderation in prices.
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An Evergreen Warning About Social Security
A new book from Cato answers old questions: can Social Security remain solvent as lifetimes lengthen and birth rates fall?
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Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
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•
Trump Uses NATO Summit to Reinforce Mercantilist Policy
NATO members are finally taking more responsibility for their own defense. Using those security commitments to squeeze trading partners threatens markets and undermines diplomacy.
-
•
The Airwaves Are Going on Sale Again. But Does the FCC Have the Right Goal?
Maximizing consumer welfare and enabling the fullest utilization of the airwaves requires that auctions be conducted to enhance efficiency in wireless markets rather than be narrowly focused on generating revenue.
-
•
Welcome to Trillionistan. Don’t Get Comfortable.
Not all trillions — debts, valuations, investments — are created equal. Huge nominal numbers often obscure the institutions and incentives that produced them.
-
•
California’s Billionaire Tax Is Backfiring Before It Begins
California’s proposed wealth tax promises billions in new revenue. But early evidence suggests it will ultimately cost the state far more in investment, entrepreneurship, and future tax receipts.
-
•
Immigrants Build America’s Most Valuable Companies
Visa holders founded half of today’s Fortune 500 companies and a majority of billion-dollar startups. Current restrictions damage that competitive advantage and choke off future growth.
-
•
Entrepreneurship Requires More Than a Million-Dollar Idea
The entrepreneur’s challenge is creating value others want to buy. They don’t start with a perfect idea, but with a willingness to listen and learn.
-
•
AIER Everyday Price Index Down Slightly After Spring Cost Surge
Our in-house inflation measure fell one percent, though core household expenses continue to climb. Post-surge relief from gasoline prices concealed smaller effects, buying the Fed some time.
-
•
June Inflation Slowed as Energy Prices Fell
Markets sharply reduced the odds of a July rate increase after June CPI showed broad-based moderation in prices.
-
•
An Evergreen Warning About Social Security
A new book from Cato answers old questions: can Social Security remain solvent as lifetimes lengthen and birth rates fall?
-
•
Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.