Daily Economy
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Americans Aren’t Paying Their Credit Card Debt. What Could Go Wrong?
While those who put their hands on this money first, such as Wall Street junkies, do make a profit, everyone else loses in the long run as the government’s policy of expanding the money supply and artificially inflating the prices of resources, as a result, devalues the currency.
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Multifamily Construction Leads the Housing Market
Single-family housing activity continues to weaken with little evidence to suggest significant gains in the near future, but multifamily housing activity remains robust.
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Uncertainty Index on the Rise
The Trump administration has imposed a rule that two existing regulations must be removed for every new regulation imposed on the economy. Unfortunately, the two-for-one rule does not apply to the trade policies consuming much of the administration’s attention.
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Debt, Deficits and the Cost of Free Lunches
Any defense of or desire for fiscal restraint and less government spending and borrowing are entirely out the window.
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Socialism Will Deprive You of What You Need to Survive
Among the most conspicuous of socialism’s failings is its capacity to generate vast shortages of things essential for life.
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Currency Devaluation Is No Ticket to National Prosperity
If a government manages to undervalue its currency in terms of foreign currencies, it subsidizes the consumption of foreigners who purchase its country’s exports. And while gains are reaped by those of its citizens who work to supply goods for export, currency undervaluation makes most of that country’s citizens poorer.
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Universal Basic Income Is Little More Than Smoke and Mirrors
The prospect of a safety net devoid of loopholes and bureaucracy is tantalizing. Unfortunately, fiscal reality reveals UBI to be little more than clever arithmetic and a distraction from more modest changes to welfare policy and the tax code that would directly help those most in need.
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The Failure of Liberal Democracy in Europe
What needs rethinking is not capitalism – much less the ideals of universal human rights and liberties – but the corruption of liberalism by a state that knows no limits to its powers.
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In Defense of the Teaching Mission
Don’t become cynical; embrace the challenge; and as teachers of a subtle scientific discipline it is vital to remember that the students will remember what is emphasized in the class, so emphasize throughout the lectures the enduring principles that are embodied in the economic way of thinking.
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Martin Feldstein Is Dead, Long Live His Critique of Social Security
Feldstein taught his students and readers to think about economic policy decisions in rigorous ways, backed by hard numbers.
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Americans Aren’t Paying Their Credit Card Debt. What Could Go Wrong?
While those who put their hands on this money first, such as Wall Street junkies, do make a profit, everyone else loses in the long run as the government’s policy of expanding the money supply and artificially inflating the prices of resources, as a result, devalues the currency.
-
•
Multifamily Construction Leads the Housing Market
Single-family housing activity continues to weaken with little evidence to suggest significant gains in the near future, but multifamily housing activity remains robust.
-
•
Uncertainty Index on the Rise
The Trump administration has imposed a rule that two existing regulations must be removed for every new regulation imposed on the economy. Unfortunately, the two-for-one rule does not apply to the trade policies consuming much of the administration’s attention.
-
•
Debt, Deficits and the Cost of Free Lunches
Any defense of or desire for fiscal restraint and less government spending and borrowing are entirely out the window.
-
•
Socialism Will Deprive You of What You Need to Survive
Among the most conspicuous of socialism’s failings is its capacity to generate vast shortages of things essential for life.
-
•
Currency Devaluation Is No Ticket to National Prosperity
If a government manages to undervalue its currency in terms of foreign currencies, it subsidizes the consumption of foreigners who purchase its country’s exports. And while gains are reaped by those of its citizens who work to supply goods for export, currency undervaluation makes most of that country’s citizens poorer.
-
•
Universal Basic Income Is Little More Than Smoke and Mirrors
The prospect of a safety net devoid of loopholes and bureaucracy is tantalizing. Unfortunately, fiscal reality reveals UBI to be little more than clever arithmetic and a distraction from more modest changes to welfare policy and the tax code that would directly help those most in need.
-
•
The Failure of Liberal Democracy in Europe
What needs rethinking is not capitalism – much less the ideals of universal human rights and liberties – but the corruption of liberalism by a state that knows no limits to its powers.
-
•
In Defense of the Teaching Mission
Don’t become cynical; embrace the challenge; and as teachers of a subtle scientific discipline it is vital to remember that the students will remember what is emphasized in the class, so emphasize throughout the lectures the enduring principles that are embodied in the economic way of thinking.
-
•
Martin Feldstein Is Dead, Long Live His Critique of Social Security
Feldstein taught his students and readers to think about economic policy decisions in rigorous ways, backed by hard numbers.