Daily Economy
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Hipster Antitrust Is Overdue for a Backlash
Democrats can reject neo-Brandeisian antitrust along with the other pillars of left-populism, or seek a victory that in many ways will prolong rather than end the Trump era. ๏ปฟ
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AIER and Giving Tuesday
As you have noticed, the American Institute for Economic Research has enjoyed a wonderfully productive year. There are events every few days, new books every couple of weeks, one hundred or more substantial articles per month, a constant stream of visiting fellows and interns at our offices, rising reach in all our digital platforms, and…
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โข
Nonresidential Construction Weighed Down by Private Sector
Nonresidential construction activity continues at a high level though the broader trend is essentially flat.
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โข
Purchasing Managers’ Indexes Signal Continued Weakness in Manufacturing
The ISMโs manufacturing PMI posted a fourth consecutive month below neutral in November. Declining trade amid slowing global growth and erratic U.S. policies are keeping risks elevated.
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โข
The Remarkable Power of โThe Irishmanโ
Hardly a day goes by โ certainly no major holiday or sporting event does โ where American military personnel arenโt breathlessly thanked for their service. Frank Sheeran โ โThe Irishmanโ โ is the dark, shattered underbelly of that service.
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โข
Government Intervention Is Unscientific
Sit in any time beyond the first month of a typical ECON 101 class and hereโs what youโll be taught: free markets work well, but only under conditions that seldom prevail in reality – a regrettable fact that requires the state to intervene to correct each of the many market failures. The apparent science on…
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โข
The Giant Debt-for-Equity Swap
The number of companies listed on US stock markets has halved since 1996; Low interest rates have pushed debt to all-time highs; The credit quality of corporate bonds and loans is declining; Even a mild recession may prove cathartic.
-
โข
Gary Becker: A Birthday Appreciation
For Becker (and so many after him), economics wasnโt just about stock markets, exchange rates, and the money supply.
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โข
History Was Supposed to End. What Happened?
Anyone paying close attention at the turn of the 21st century could foresee the impending failure of the social-democratic consensus throughout the developed world. The exalted experts who rose to power in the postwar period built gigantic state-based systems of social management and control and took over vast swaths of private society, imposing planning schemes…
-
โข
Decrying Income Inequality Is a Tactic to Gain More Power for Government
The 2020 presidential field is saturated with candidates decrying wealth inequality and making the argument to soak the rich. One front-runner, for instance, is constantly denouncing “the millionaires and the billionaires.” Ominously, a New York Times poll found that two-thirds of Americans believe that “wealth in this country should be more evenly distributed among more…
-
โข
Hipster Antitrust Is Overdue for a Backlash
Democrats can reject neo-Brandeisian antitrust along with the other pillars of left-populism, or seek a victory that in many ways will prolong rather than end the Trump era. ๏ปฟ
-
โข
AIER and Giving Tuesday
As you have noticed, the American Institute for Economic Research has enjoyed a wonderfully productive year. There are events every few days, new books every couple of weeks, one hundred or more substantial articles per month, a constant stream of visiting fellows and interns at our offices, rising reach in all our digital platforms, and…
-
โข
Nonresidential Construction Weighed Down by Private Sector
Nonresidential construction activity continues at a high level though the broader trend is essentially flat.
-
โข
Purchasing Managers’ Indexes Signal Continued Weakness in Manufacturing
The ISMโs manufacturing PMI posted a fourth consecutive month below neutral in November. Declining trade amid slowing global growth and erratic U.S. policies are keeping risks elevated.
-
โข
The Remarkable Power of โThe Irishmanโ
Hardly a day goes by โ certainly no major holiday or sporting event does โ where American military personnel arenโt breathlessly thanked for their service. Frank Sheeran โ โThe Irishmanโ โ is the dark, shattered underbelly of that service.
-
โข
Government Intervention Is Unscientific
Sit in any time beyond the first month of a typical ECON 101 class and hereโs what youโll be taught: free markets work well, but only under conditions that seldom prevail in reality – a regrettable fact that requires the state to intervene to correct each of the many market failures. The apparent science on…
-
โข
The Giant Debt-for-Equity Swap
The number of companies listed on US stock markets has halved since 1996; Low interest rates have pushed debt to all-time highs; The credit quality of corporate bonds and loans is declining; Even a mild recession may prove cathartic.
-
โข
Gary Becker: A Birthday Appreciation
For Becker (and so many after him), economics wasnโt just about stock markets, exchange rates, and the money supply.
-
โข
History Was Supposed to End. What Happened?
Anyone paying close attention at the turn of the 21st century could foresee the impending failure of the social-democratic consensus throughout the developed world. The exalted experts who rose to power in the postwar period built gigantic state-based systems of social management and control and took over vast swaths of private society, imposing planning schemes…
-
โข
Decrying Income Inequality Is a Tactic to Gain More Power for Government
The 2020 presidential field is saturated with candidates decrying wealth inequality and making the argument to soak the rich. One front-runner, for instance, is constantly denouncing “the millionaires and the billionaires.” Ominously, a New York Times poll found that two-thirds of Americans believe that “wealth in this country should be more evenly distributed among more…