Daily Economy
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ISM Manufacturing Purchasing Managers Index Points to Slower Growth in December
A drop in the ISM manufacturing new orders index suggests slower growth but payroll processor ADP estimates a surge in private hiring in December.
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Sell the Smithsonian Museums Now
The model of government ownership and management is an anachronism. Change the fundamentals. That way, we can look back at these days and say with confidence: we did good.
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Edward Stringham on Fed Policy (Video)
The Federal Reserve raises interest rates despite pressure from President Trump. Watch AIER President Edward Stringham discussing the Fed decision on Fox Business.
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Who Is Afraid of Nuclear Power?
If nuclear power is cheap, clean, and efficient, of course, that spells trouble for traditional fossil fuel producers and users.
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Trade’s Costs Are Not Losses
But because no one in a market economy is entitled to his or her particular source of income, whenever competition obliges producers to adjust to the demands of consumers, producers — while paying the costs of participating in a market economy — suffer nothing that ought to be described as losses.
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The Economic Fundamentals of Online Games
Designing a game economy is more art than science, and testifies to the Hayekian notion that economics demonstrates how little we know about what we imagine we can design.
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Castro’s Revolution on Its 60th Anniversary
The road not taken by Cuba, that of not having the revolution, is one on which the country would have been healthier and richer than it is now. This denial of human flourishing makes Cuba just like any other Communist regime, and thus the regime deserves only scorn.
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They Fight Economics, but Economics Always Wins
Economics makes it impossible that powerful people can finally rule the world.
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How Government Ruined Higher Education
Education suffers from the same dilemma as state-run health care: the potential for cost saving remains unfulfilled since no incentives for efficiency exist. In order to get the subsidies and the other benefits from government, the universities must adhere to specific bureaucratic rules.
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Markets are Not Perfect, They Are Essential
Instead of striving for a theoretical ideal of perfection, markets are supercomputers of epic proportions, leveraging the information and motivation of every individual to make sure the right resources get to the right places at the right time.
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•
ISM Manufacturing Purchasing Managers Index Points to Slower Growth in December
A drop in the ISM manufacturing new orders index suggests slower growth but payroll processor ADP estimates a surge in private hiring in December.
-
•
Sell the Smithsonian Museums Now
The model of government ownership and management is an anachronism. Change the fundamentals. That way, we can look back at these days and say with confidence: we did good.
-
•
Edward Stringham on Fed Policy (Video)
The Federal Reserve raises interest rates despite pressure from President Trump. Watch AIER President Edward Stringham discussing the Fed decision on Fox Business.
-
•
Who Is Afraid of Nuclear Power?
If nuclear power is cheap, clean, and efficient, of course, that spells trouble for traditional fossil fuel producers and users.
-
•
Trade’s Costs Are Not Losses
But because no one in a market economy is entitled to his or her particular source of income, whenever competition obliges producers to adjust to the demands of consumers, producers — while paying the costs of participating in a market economy — suffer nothing that ought to be described as losses.
-
•
The Economic Fundamentals of Online Games
Designing a game economy is more art than science, and testifies to the Hayekian notion that economics demonstrates how little we know about what we imagine we can design.
-
•
Castro’s Revolution on Its 60th Anniversary
The road not taken by Cuba, that of not having the revolution, is one on which the country would have been healthier and richer than it is now. This denial of human flourishing makes Cuba just like any other Communist regime, and thus the regime deserves only scorn.
-
•
They Fight Economics, but Economics Always Wins
Economics makes it impossible that powerful people can finally rule the world.
-
•
How Government Ruined Higher Education
Education suffers from the same dilemma as state-run health care: the potential for cost saving remains unfulfilled since no incentives for efficiency exist. In order to get the subsidies and the other benefits from government, the universities must adhere to specific bureaucratic rules.
-
•
Markets are Not Perfect, They Are Essential
Instead of striving for a theoretical ideal of perfection, markets are supercomputers of epic proportions, leveraging the information and motivation of every individual to make sure the right resources get to the right places at the right time.