Daily Economy
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You Are Conserving Toilet Paper, Aren’t You?
Never take toilet paper for granted again. Never take anything for granted again. Let’s come out of this with a new appreciation for the astonishingly productive power and humanitarianism of markets.
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Manufacturing-Sector Contracts in March; Recession Probability Rising
The ISM PMI dropped below neutral in March suggesting a contraction in manufacturing and rising probability of recession.
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Socialism Under the Cover of Pandemic
Writing for the New York Times, Saez and Zucman use the occasion of the coronavirus’s economic disruptions to argue for the immediate adoption of a massive public jobs security program, accompanied by sweeping and punitive forms of taxation upon corporations and the wealthy.
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When the Fed Tried to Save Main Street
Any day now, the Federal Reserve will start making loans to small and medium-sized businesses, breaking new ground with its Section 13(3) lending authority. Yet this won’t be the first time the Fed set its sights on Main Street businesses.
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The Devastating Economic Impact of the Coronavirus and Response
This situation is evolving, and each day brings more information about the devastating coronavirus and our economy’s adjustment to it, along with other events that both beset and stimulate us. At this reading, 2020’s economic prospects are bleak. Indeed, we are currently in tough recession territory.
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What Comes After the Coronavirus, Freedom or Despotism?
What is the underlying premise behind all of these arguments, whether focused on the immediate coronavirus crisis or looking beyond to the world after the crisis is behind us? It is that freedom does not work or does not work as effectively as the critic thinks it should if this health crisis is to be…
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COVID-19 Is Hurting Consumer Attitudes
Consumer attitudes deteriorated sharply in March and are likely to show further declines in coming months as layoffs rise and economic activity plunges.
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•
What Sweden Has Done Right on Coronavirus
The response of Swedish society has been pretty remarkable: do your part. Help your loved ones and your local business owners. Trust those who know what they’re doing. Be mindful of others – and don’t sacrifice economic well-being at the altar of extreme disease control. Work The Problem, people.
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Let’s Please Not Insult ‘Stimulus’ By Calling This ‘Stimulus’
It’s not unreasonable to assume that if asked, most who’ve heard of supply-side economics would identify it as the Laffer Curve. The previous curve, named for the great Arthur Laffer, is one of life’s truisms: reduce the tax penalty levied on labor, and the result is usually more labor producing more taxable revenue.
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•
Coronavirus and Economic Crisis: The First Draft of History
The American Institute for Economic Research has now produced a book on the topic, written by our researchers in real time as the crisis unfolded. You will be struck by its prescience, first page to last.
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•
You Are Conserving Toilet Paper, Aren’t You?
Never take toilet paper for granted again. Never take anything for granted again. Let’s come out of this with a new appreciation for the astonishingly productive power and humanitarianism of markets.
-
•
Manufacturing-Sector Contracts in March; Recession Probability Rising
The ISM PMI dropped below neutral in March suggesting a contraction in manufacturing and rising probability of recession.
-
•
Socialism Under the Cover of Pandemic
Writing for the New York Times, Saez and Zucman use the occasion of the coronavirus’s economic disruptions to argue for the immediate adoption of a massive public jobs security program, accompanied by sweeping and punitive forms of taxation upon corporations and the wealthy.
-
•
When the Fed Tried to Save Main Street
Any day now, the Federal Reserve will start making loans to small and medium-sized businesses, breaking new ground with its Section 13(3) lending authority. Yet this won’t be the first time the Fed set its sights on Main Street businesses.
-
•
The Devastating Economic Impact of the Coronavirus and Response
This situation is evolving, and each day brings more information about the devastating coronavirus and our economy’s adjustment to it, along with other events that both beset and stimulate us. At this reading, 2020’s economic prospects are bleak. Indeed, we are currently in tough recession territory.
-
•
What Comes After the Coronavirus, Freedom or Despotism?
What is the underlying premise behind all of these arguments, whether focused on the immediate coronavirus crisis or looking beyond to the world after the crisis is behind us? It is that freedom does not work or does not work as effectively as the critic thinks it should if this health crisis is to be…
-
•
COVID-19 Is Hurting Consumer Attitudes
Consumer attitudes deteriorated sharply in March and are likely to show further declines in coming months as layoffs rise and economic activity plunges.
-
•
What Sweden Has Done Right on Coronavirus
The response of Swedish society has been pretty remarkable: do your part. Help your loved ones and your local business owners. Trust those who know what they’re doing. Be mindful of others – and don’t sacrifice economic well-being at the altar of extreme disease control. Work The Problem, people.
-
•
Let’s Please Not Insult ‘Stimulus’ By Calling This ‘Stimulus’
It’s not unreasonable to assume that if asked, most who’ve heard of supply-side economics would identify it as the Laffer Curve. The previous curve, named for the great Arthur Laffer, is one of life’s truisms: reduce the tax penalty levied on labor, and the result is usually more labor producing more taxable revenue.
-
•
Coronavirus and Economic Crisis: The First Draft of History
The American Institute for Economic Research has now produced a book on the topic, written by our researchers in real time as the crisis unfolded. You will be struck by its prescience, first page to last.