Daily Economy
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Favoritism Trumps Scholarship in Academic Hiring
My friend’s letter captures the essential reason why higher education today provides students with relatively low value, i.e., high cost for the minimal skills created: many colleges and universities reward conformity instead of productivity, and collegiality over competition.
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The Return of the Century Bond
Following the last few years of record-low yields, first on government debt and more recently on private sector debt, we have seen an unexpected twist: the renewal of this long-dead market.
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Cruise Ships Respond to Dorian, Hauling Doctors and Supplies to the Bahamas
When nothing is open and people need access to important goods, private companies, charities, and neighbors step up — not government agencies.
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More Aid to Education Will Not Make It More Affordable
Far from improving college affordability, the empirical evidence reveals that federal student aid does not do much to make college more affordable and might actually be increasing costs.
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Retail Sales Rise in August As Online Shopping Gains
Retail sales improved in August, but data for the economy remain mixed. Overall, continued economic expansion remains the most likely path, but caution is warranted.
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You Can’t Create Jobs by Outlawing Work
You can kill the process of innovation, and harm the very workers you think you are trying to help. California has made a terrible mistake.
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Andrew Yang’s Examples of Successful UBI are Privately Provided
Government has an uncanny way of taking a good practice in the private sector and ruining in.
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Core Consumer Prices Up 2.4 Percent, Fastest Since 2008
The Consumer Price Index rose 0.1 percent in August as falling energy prices mask accelerating core prices.
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Yang’s Concerns Over Automation Are Overwrought
Every story needs a villain, and the most popular villain recently in economic policy circles is automation.
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Stablecoins Might Be a Bridge to Fiat 2.0
As stablecoins develop, mature, and have increased adoption, they might not be driving continued innovation in the crypto space so much as simply rehashing current ideas in a new package.
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•
Favoritism Trumps Scholarship in Academic Hiring
My friend’s letter captures the essential reason why higher education today provides students with relatively low value, i.e., high cost for the minimal skills created: many colleges and universities reward conformity instead of productivity, and collegiality over competition.
-
•
The Return of the Century Bond
Following the last few years of record-low yields, first on government debt and more recently on private sector debt, we have seen an unexpected twist: the renewal of this long-dead market.
-
•
Cruise Ships Respond to Dorian, Hauling Doctors and Supplies to the Bahamas
When nothing is open and people need access to important goods, private companies, charities, and neighbors step up — not government agencies.
-
•
More Aid to Education Will Not Make It More Affordable
Far from improving college affordability, the empirical evidence reveals that federal student aid does not do much to make college more affordable and might actually be increasing costs.
-
•
Retail Sales Rise in August As Online Shopping Gains
Retail sales improved in August, but data for the economy remain mixed. Overall, continued economic expansion remains the most likely path, but caution is warranted.
-
•
You Can’t Create Jobs by Outlawing Work
You can kill the process of innovation, and harm the very workers you think you are trying to help. California has made a terrible mistake.
-
•
Andrew Yang’s Examples of Successful UBI are Privately Provided
Government has an uncanny way of taking a good practice in the private sector and ruining in.
-
•
Core Consumer Prices Up 2.4 Percent, Fastest Since 2008
The Consumer Price Index rose 0.1 percent in August as falling energy prices mask accelerating core prices.
-
•
Yang’s Concerns Over Automation Are Overwrought
Every story needs a villain, and the most popular villain recently in economic policy circles is automation.
-
•
Stablecoins Might Be a Bridge to Fiat 2.0
As stablecoins develop, mature, and have increased adoption, they might not be driving continued innovation in the crypto space so much as simply rehashing current ideas in a new package.