Daily Economy
-
•
The Hidden Reason the Primary Debates Seem Extra Crazy This Year
This is a remarkable case of how a hastily drafted voting rule unintentionally drove the whole Democratic field to a wacky level of ideological extremism that nearly guarantees they will lose a national election. Everyone knows it, most everyone is against it, but no one can stop it.
-
•
The FTC’s Strategy Against Facebook is Bad Economics
The theory that Facebook acquired Instagram and WhatsApp primarily to squelch future competition represents a view of antitrust that is simplistic and naive. It also endangers a startup business model that has produced incalculable benefits through innovation.
-
•
How to Manage Trade Like Trump in Five Steps
The human imagination has a way of inventing an infinite number of reasons why the personal ego is superior to logic and evidence.
-
•
Egregious Errors in The New Yorker’s Account of Financial History
For a child of a banker, John Lanchester manages to get a lot of banking backwards.
-
•
Solid Jobs Report Suggests Moderate Growth
A solid though not spectacular July jobs report points to continued modest economic growth. It also adds to the uncertainty around monetary policy, making justification for the most recent rate cut and future rate cuts more difficult.
-
•
There Is Only One Adam Smith
Smith demonstrated that if you really want to help other people, especially poor people, you need to support the growth of commercial society all over the globe.
-
•
Manufacturing Weakness Continued in July
The Manufacturing Purchasing Managers Index posted its fourth-straight decline and lowest reading since September 2016. Mixed economic data continue to suggest a high degree of caution amid slow economic expansion.
-
•
How Government Prolonged the Lobotomy
The use of the lobotomy in US medical history is a shocking and concerning event which continues to leave physicians and historians asking how such a thing could happen. Now we know.
-
•
Sometimes Helping People Is the Worst Thing You Can Do
The approach of unconditional help regardless of the results doesn’t work in our private lives. How much worse is it when taxpayers are paying the bill?
-
•
Is There Such a Thing as a Free-Market Gold Standard?
Although the multiplication of national gold standards that gave rise to the classical gold standard was partly accidental and partly the outcome of deliberate legislation, market forces also played an important part in it.
-
•
The Hidden Reason the Primary Debates Seem Extra Crazy This Year
This is a remarkable case of how a hastily drafted voting rule unintentionally drove the whole Democratic field to a wacky level of ideological extremism that nearly guarantees they will lose a national election. Everyone knows it, most everyone is against it, but no one can stop it.
-
•
The FTC’s Strategy Against Facebook is Bad Economics
The theory that Facebook acquired Instagram and WhatsApp primarily to squelch future competition represents a view of antitrust that is simplistic and naive. It also endangers a startup business model that has produced incalculable benefits through innovation.
-
•
How to Manage Trade Like Trump in Five Steps
The human imagination has a way of inventing an infinite number of reasons why the personal ego is superior to logic and evidence.
-
•
Egregious Errors in The New Yorker’s Account of Financial History
For a child of a banker, John Lanchester manages to get a lot of banking backwards.
-
•
Solid Jobs Report Suggests Moderate Growth
A solid though not spectacular July jobs report points to continued modest economic growth. It also adds to the uncertainty around monetary policy, making justification for the most recent rate cut and future rate cuts more difficult.
-
•
There Is Only One Adam Smith
Smith demonstrated that if you really want to help other people, especially poor people, you need to support the growth of commercial society all over the globe.
-
•
Manufacturing Weakness Continued in July
The Manufacturing Purchasing Managers Index posted its fourth-straight decline and lowest reading since September 2016. Mixed economic data continue to suggest a high degree of caution amid slow economic expansion.
-
•
How Government Prolonged the Lobotomy
The use of the lobotomy in US medical history is a shocking and concerning event which continues to leave physicians and historians asking how such a thing could happen. Now we know.
-
•
Sometimes Helping People Is the Worst Thing You Can Do
The approach of unconditional help regardless of the results doesn’t work in our private lives. How much worse is it when taxpayers are paying the bill?
-
•
Is There Such a Thing as a Free-Market Gold Standard?
Although the multiplication of national gold standards that gave rise to the classical gold standard was partly accidental and partly the outcome of deliberate legislation, market forces also played an important part in it.