Daily Economy
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Markets Saved the Whales in the 19th Century
The story of Moby Dick warns us of the unforeseen consequences of government intervention and point to the potency of market forces in terms of protecting the environment.
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In Defense of Share Buybacks
“The confused objections to share buybacks illustrate the failure to look past the immediate effect and to understand what financial markets do.” ~ Joakim Book
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Consumer Confidence Falls in September
Consumer attitudes were off but still generally upbeat in September, supported by a strong labor market. Incoherent policies and on-going trade wars could hurt attitudes and consumer spending in the future.
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The Myth of Heroism
“History and human progress are driven far more by ordinary people doing sometimes extraordinary things than by special people with a unique destiny.” ~ Stephen Davies
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How Much Independence Has Fed Lost?
The genius of the recent NBER paper, by Duke’s Francesco Bianchi and London Business School’s Howard Kung and Thilo Kind, is that it directly measures the effect of President Donald J. Trump’s tweets critical of the Federal Reserve on the Federal Funds Rate, a key overnight interbank interest rate.
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My Life as an Austrian Economist and a Classical Liberal
Economist Richard Ebeling reflects on his life and career, learning from and being colleagues with many of the greats, from Rand to Hayek to Morgenstern to Rothbard.
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How the WeWork Mess Proves that Markets Work
WeWork is one of the most high profile examples of a once high-flying organization that was first humbled, and then dragged back to earth due to internal issues that eventually came to light.
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What Seinfeld Can Teach about Industrial Policy
That Seinfeld was seen by top NBC executives as less-than-promising, only for it to become a multi-billion dollar blockbuster, is a reminder that when it comes to the future of commerce, predictions aren’t worth the paper they’re printed on.
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“Price Gouging” in Desperate Situations
It is precisely when people are at genuine risk of actually dying for want of the likes of food, water, and shelter that the case against prohibitions on “price gouging” is strongest.
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If You Can’t Abolish the Ex-Im Bank, Reform It at Least
The Ex-Im Bank is a mercantilist New Deal–era agency that extends financial products to foreign companies so they will buy American products. It is one of the quintessential examples of cronyism.
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•
Markets Saved the Whales in the 19th Century
The story of Moby Dick warns us of the unforeseen consequences of government intervention and point to the potency of market forces in terms of protecting the environment.
-
•
In Defense of Share Buybacks
“The confused objections to share buybacks illustrate the failure to look past the immediate effect and to understand what financial markets do.” ~ Joakim Book
-
•
Consumer Confidence Falls in September
Consumer attitudes were off but still generally upbeat in September, supported by a strong labor market. Incoherent policies and on-going trade wars could hurt attitudes and consumer spending in the future.
-
•
The Myth of Heroism
“History and human progress are driven far more by ordinary people doing sometimes extraordinary things than by special people with a unique destiny.” ~ Stephen Davies
-
•
How Much Independence Has Fed Lost?
The genius of the recent NBER paper, by Duke’s Francesco Bianchi and London Business School’s Howard Kung and Thilo Kind, is that it directly measures the effect of President Donald J. Trump’s tweets critical of the Federal Reserve on the Federal Funds Rate, a key overnight interbank interest rate.
-
•
My Life as an Austrian Economist and a Classical Liberal
Economist Richard Ebeling reflects on his life and career, learning from and being colleagues with many of the greats, from Rand to Hayek to Morgenstern to Rothbard.
-
•
How the WeWork Mess Proves that Markets Work
WeWork is one of the most high profile examples of a once high-flying organization that was first humbled, and then dragged back to earth due to internal issues that eventually came to light.
-
•
What Seinfeld Can Teach about Industrial Policy
That Seinfeld was seen by top NBC executives as less-than-promising, only for it to become a multi-billion dollar blockbuster, is a reminder that when it comes to the future of commerce, predictions aren’t worth the paper they’re printed on.
-
•
“Price Gouging” in Desperate Situations
It is precisely when people are at genuine risk of actually dying for want of the likes of food, water, and shelter that the case against prohibitions on “price gouging” is strongest.
-
•
If You Can’t Abolish the Ex-Im Bank, Reform It at Least
The Ex-Im Bank is a mercantilist New Deal–era agency that extends financial products to foreign companies so they will buy American products. It is one of the quintessential examples of cronyism.