Daily Economy
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Is Facebook’s Libra the Dollar’s Killer App?
Facebook’s Libra is easily and probably rightly criticized by crypto purists as a halfway house that makes too many concessions to legacy systems and plays too nicely with the existing regulatory system. All true. But that’s not where the story ends.
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Bernie Sanders’s Messed Up Idea of Requiring Employee Ownership
Efforts to change the composition of payments to employees, like those suggested by Sanders and championed by many on the left, are likely to leave the intended beneficiaries worse off. Such a policy means workers must choose between holding an under-diversified portfolio or incurring higher costs to achieve the appropriate mix of assets given their…
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Retail Sales and Industrial Production Rise in May; Consumer Sentiment Falls in Early June
Gains in retail sales and industrial production in May are a positive for the economy, but trade wars are impacting consumer attitudes and represent a threat to the economic outlook.
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New Evidence that Soaring Inequality is a Myth
Alarmists insist inequality is skyrocketing in the United States. A new measure of the top one percent’s wealth should temper that claim
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Incredibly, that Overtime Regulation Is Back
The administration’s lack of principles opens wide the door for the Democrats in Congress not only to introduce an overtime bill that goes far beyond the Trump rule but also beyond even the Obama ceiling. And as expected, they just jump at the chance to do just that.
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The Constitution Gives the Trade Power to Congress Alone
Because this is a tool the president can actually use — and because it bypasses the much more difficult task of having to persuade Congress of the merits of his ideas — Trump is using the tariff weapon more and more to address matters further and further removed from trade.
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The 7 Worst Ideas for Regulation This Century
The bad news is that along with great economic performance has come a good bit of silly, one might even call it stupid, regulation and proposals for regulation.
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Elton John’s Soundtrack to Half a Century
It’s a rare artist who elicits the kind of widespread emotional homage that Elton John is receiving right now, hopefully, many years before his career is really over.
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America’s Economic Commissar of Trade
In this he is no less of an economic tyrant than, say, Nicolas Maduro, the socialist dictator of Venezuela. He, too, rules by command and decree.
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Small-Business Confidence Remains Strong Amid a Tight Labor Market
Small-business confidence rose in May while job openings remain at historically high levels in April. Both are positive signs for the economy despite the high level of uncertainty caused by erratic trade policy.
-
•
Is Facebook’s Libra the Dollar’s Killer App?
Facebook’s Libra is easily and probably rightly criticized by crypto purists as a halfway house that makes too many concessions to legacy systems and plays too nicely with the existing regulatory system. All true. But that’s not where the story ends.
-
•
Bernie Sanders’s Messed Up Idea of Requiring Employee Ownership
Efforts to change the composition of payments to employees, like those suggested by Sanders and championed by many on the left, are likely to leave the intended beneficiaries worse off. Such a policy means workers must choose between holding an under-diversified portfolio or incurring higher costs to achieve the appropriate mix of assets given their…
-
•
Retail Sales and Industrial Production Rise in May; Consumer Sentiment Falls in Early June
Gains in retail sales and industrial production in May are a positive for the economy, but trade wars are impacting consumer attitudes and represent a threat to the economic outlook.
-
•
New Evidence that Soaring Inequality is a Myth
Alarmists insist inequality is skyrocketing in the United States. A new measure of the top one percent’s wealth should temper that claim
-
•
Incredibly, that Overtime Regulation Is Back
The administration’s lack of principles opens wide the door for the Democrats in Congress not only to introduce an overtime bill that goes far beyond the Trump rule but also beyond even the Obama ceiling. And as expected, they just jump at the chance to do just that.
-
•
The Constitution Gives the Trade Power to Congress Alone
Because this is a tool the president can actually use — and because it bypasses the much more difficult task of having to persuade Congress of the merits of his ideas — Trump is using the tariff weapon more and more to address matters further and further removed from trade.
-
•
The 7 Worst Ideas for Regulation This Century
The bad news is that along with great economic performance has come a good bit of silly, one might even call it stupid, regulation and proposals for regulation.
-
•
Elton John’s Soundtrack to Half a Century
It’s a rare artist who elicits the kind of widespread emotional homage that Elton John is receiving right now, hopefully, many years before his career is really over.
-
•
America’s Economic Commissar of Trade
In this he is no less of an economic tyrant than, say, Nicolas Maduro, the socialist dictator of Venezuela. He, too, rules by command and decree.
-
•
Small-Business Confidence Remains Strong Amid a Tight Labor Market
Small-business confidence rose in May while job openings remain at historically high levels in April. Both are positive signs for the economy despite the high level of uncertainty caused by erratic trade policy.