Daily Economy
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Top Performers of 2019
I’m very pleased to present to you the top performers of this year. These are the readers’ choices. I will post my favorites in a few days. Truly, it’s been a remarkable year. I’m confident in saying that this website offers the most consistently great presentation of market-focused commentary of any in the world. I…
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Labor Market Regains Momentum
A high level of job openings and quits suggest the labor market remains tight and is one of the key supports for consumer sentiment.
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Industrial Production Jumped in October but the Trend Remains Weak
Manufacturing output jumped in November but it’s too early to tell if growth will be sustained.
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Housing Starts and Permits Rose Again in November, But Upside Remains Limited
Housing activity continues to rebound from a period of weakness, but further upside is likely limited.
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The Last Days of the Left
Left-wing collectivism is not, in the end, about making society better off; it is about transferring power from the people outside of government to those inside of government.
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Biodiversity and Prosperity Go Together
The Intergovernmental Panel on Climate Change (IPCC) is clear: there is a loss of biodiversity globally. The losses are expected to increase as a result of climate change. As a result, there are some researchers who advance the idea that we may be in the Sixth Great Extinction. However, it must be pointed out that…
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The Miracle of the Free Market
One of the great fallacies arrogantly believed in by those in political power is the notion that they can know enough to manage and command the lives of everyone in society with better results than if people are left to live their own lives as they freely choose. The fact is, there is far more…
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Some Great Books for Stuffing Stockings
This is a lucky day for those of you who have procrastinated until the last minute to finish your Christmas shopping: I offer here a list of seven superb books published in 2019 that your open-minded friends and family members are sure to love. Deirdre Nansen McCloskey, Why Liberalism Works. Among today’s most creative and…
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What Arthur Burns Broke, Paul Volcker Fixed
Inflation came down and stayed down. Indeed, the public came to believe the Fed chair was willing to do whatever it takes to keep inflation low and steady.
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How To Stop the Proliferation of Municipal Bond Issues
It seems rather strange that in a putative democracy a handful of people can legally, if figuratively, reach into the pockets of their neighbors but it happens all the time all across America via municipal bond ballot measures. The main problem is that the measures “pass” if the majority of those who actually vote are…
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•
Top Performers of 2019
I’m very pleased to present to you the top performers of this year. These are the readers’ choices. I will post my favorites in a few days. Truly, it’s been a remarkable year. I’m confident in saying that this website offers the most consistently great presentation of market-focused commentary of any in the world. I…
-
•
Labor Market Regains Momentum
A high level of job openings and quits suggest the labor market remains tight and is one of the key supports for consumer sentiment.
-
•
Industrial Production Jumped in October but the Trend Remains Weak
Manufacturing output jumped in November but it’s too early to tell if growth will be sustained.
-
•
Housing Starts and Permits Rose Again in November, But Upside Remains Limited
Housing activity continues to rebound from a period of weakness, but further upside is likely limited.
-
•
The Last Days of the Left
Left-wing collectivism is not, in the end, about making society better off; it is about transferring power from the people outside of government to those inside of government.
-
•
Biodiversity and Prosperity Go Together
The Intergovernmental Panel on Climate Change (IPCC) is clear: there is a loss of biodiversity globally. The losses are expected to increase as a result of climate change. As a result, there are some researchers who advance the idea that we may be in the Sixth Great Extinction. However, it must be pointed out that…
-
•
The Miracle of the Free Market
One of the great fallacies arrogantly believed in by those in political power is the notion that they can know enough to manage and command the lives of everyone in society with better results than if people are left to live their own lives as they freely choose. The fact is, there is far more…
-
•
Some Great Books for Stuffing Stockings
This is a lucky day for those of you who have procrastinated until the last minute to finish your Christmas shopping: I offer here a list of seven superb books published in 2019 that your open-minded friends and family members are sure to love. Deirdre Nansen McCloskey, Why Liberalism Works. Among today’s most creative and…
-
•
What Arthur Burns Broke, Paul Volcker Fixed
Inflation came down and stayed down. Indeed, the public came to believe the Fed chair was willing to do whatever it takes to keep inflation low and steady.
-
•
How To Stop the Proliferation of Municipal Bond Issues
It seems rather strange that in a putative democracy a handful of people can legally, if figuratively, reach into the pockets of their neighbors but it happens all the time all across America via municipal bond ballot measures. The main problem is that the measures “pass” if the majority of those who actually vote are…