Daily Economy
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Manufacturing Output Rose 0.3 Percent in October
The manufacturing resurgence continued as output rose 0.3 percent in October, the fifth monthly gain in a row, resulting in an annualized growth rate of 5.0 percent over the period.
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Enterprise Should Be Permissionless
If our entrepreneurial innovators had to get permission prior to introducing their innovations, we would still be walking around or perhaps at best riding on the backs of beasts.
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Retail Sales Growth Rebounded in October While Initial Claims Ticked Up
Retail sales and initial claims data show the economy remains generally healthy. However, uncertainty around U.S. economic policies and broadening global economic risks have the potential to negatively impact the economic expansion.
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Economic Systems and the Fate of Civilization
Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.
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An Economic Lesson From Kim Kardashian and Kanye West
Power couple Kanye West and Kim Kardashian West are not just leading by example by getting involved with criminal justice reform; they are also teaching the world a valuable lesson on the importance of free market mechanisms and how to save properties and lives.
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Metrics Will Not Save the World
Remember: numerical measures are by their very nature retrospective. Epistemologically, information derived exclusively from data analysis will by be both backward-looking and prone to the shortcomings associated with the snapshot fallacy. Which is to say: they are essentially without context.
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Presidential Hubris: “Let Me Run the Country”
That the President’s words were just passed over without comment or criticism tragically shows how far we’ve strayed from the ideas and ideals on which the country was founded.
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There Are No Natural Resources
Julian Simon’s most notable contribution is his demonstration that the human mind is, as he described it, “the ultimate resource.” The human mind is the ultimate resource because it, and only it, creates all of the other economically valuable inputs that we call “resources.”
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Why Free Trade Doesn’t Win Elections
International trade is millions of mutually beneficial, voluntary transactions between firms and consumers that happen to lie across international borders. But that’s not how politicians or many in the general public conceptualize it.
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•
Manufacturing Output Rose 0.3 Percent in October
The manufacturing resurgence continued as output rose 0.3 percent in October, the fifth monthly gain in a row, resulting in an annualized growth rate of 5.0 percent over the period.
-
•
Enterprise Should Be Permissionless
If our entrepreneurial innovators had to get permission prior to introducing their innovations, we would still be walking around or perhaps at best riding on the backs of beasts.
-
•
Retail Sales Growth Rebounded in October While Initial Claims Ticked Up
Retail sales and initial claims data show the economy remains generally healthy. However, uncertainty around U.S. economic policies and broadening global economic risks have the potential to negatively impact the economic expansion.
-
•
Economic Systems and the Fate of Civilization
Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.
-
•
An Economic Lesson From Kim Kardashian and Kanye West
Power couple Kanye West and Kim Kardashian West are not just leading by example by getting involved with criminal justice reform; they are also teaching the world a valuable lesson on the importance of free market mechanisms and how to save properties and lives.
-
•
Metrics Will Not Save the World
Remember: numerical measures are by their very nature retrospective. Epistemologically, information derived exclusively from data analysis will by be both backward-looking and prone to the shortcomings associated with the snapshot fallacy. Which is to say: they are essentially without context.
-
•
Presidential Hubris: “Let Me Run the Country”
That the President’s words were just passed over without comment or criticism tragically shows how far we’ve strayed from the ideas and ideals on which the country was founded.
-
•
There Are No Natural Resources
Julian Simon’s most notable contribution is his demonstration that the human mind is, as he described it, “the ultimate resource.” The human mind is the ultimate resource because it, and only it, creates all of the other economically valuable inputs that we call “resources.”
-
•
Why Free Trade Doesn’t Win Elections
International trade is millions of mutually beneficial, voluntary transactions between firms and consumers that happen to lie across international borders. But that’s not how politicians or many in the general public conceptualize it.