Daily Economy
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Let’s Not Know Satoshi’s Identity
One of the beautiful aspects of Bitcoin is that the creator is still unknown.
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More or Better Rules Will Not Save Us
Society is much closer to a complex biological organism than to a matrix of engineering principles with explicit, contingent rules.
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Durable-Goods Orders Increase in September While Core Capital Goods Decline Slightly
New orders for durable goods increased 0.8 percent in September while new orders for core capital goods fell 0.1 percent. Today’s data are generally positive, but core capital-goods orders have been essentially flat over the past two months.
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No, Society Does Not Need Unity
To understand the awesome power of heterogeneity is to adopt a different outlook on society itself. It is to embrace the core liberal claim: society doesn’t need top-down management, because it contains within itself the capacity for its own management.
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Government, Gold, and Separating Money From the State
Money did not originate in the laws or decrees of kings and princes. Money, as the generally accepted medium of exchange, emerged out of the market transactions of a growing number of buyers and sellers in an expanding arena of trade.
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Voting Is Not Self-Expression
Voting may be many things, but the least of them is self-expression. Conceding the sufficiency of multi-billion dollar political contests among highly vetted, meticulously-coached candidates is a guaranteed road to self-negation.
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New-Home Sales Fall Again
Sales of new single-family homes fell 5.5 percent in September, the fourth decline in a row, while inventory rose for the sixth straight month putting the months’ supply at the highest since 2011. Rising home prices and higher interest rates are likely to weigh on housing activity over coming months and quarters.
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Advertisers, Press Furious at Facebook Over Its Video “Mistakes”
As users have started losing confidence in Facebook after the firm’s decision to purge hundreds of popular pages from the platform, it will be only a matter of time until a strong competitor enters the picture.
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The Economic Color Blindness of the Sears Catalog
Sears played an important role in circumventing the institutionalized racial discrimination of the Jim Crow South.
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The Real Problem With the Health Care System
Unfortunately, both sides are pursuing the wrong goals. The pursuit of one form or another of third-party payment for health care services has removed most incentives for consumers to be careful about how they spend money.
-
•
Let’s Not Know Satoshi’s Identity
One of the beautiful aspects of Bitcoin is that the creator is still unknown.
-
•
More or Better Rules Will Not Save Us
Society is much closer to a complex biological organism than to a matrix of engineering principles with explicit, contingent rules.
-
•
Durable-Goods Orders Increase in September While Core Capital Goods Decline Slightly
New orders for durable goods increased 0.8 percent in September while new orders for core capital goods fell 0.1 percent. Today’s data are generally positive, but core capital-goods orders have been essentially flat over the past two months.
-
•
No, Society Does Not Need Unity
To understand the awesome power of heterogeneity is to adopt a different outlook on society itself. It is to embrace the core liberal claim: society doesn’t need top-down management, because it contains within itself the capacity for its own management.
-
•
Government, Gold, and Separating Money From the State
Money did not originate in the laws or decrees of kings and princes. Money, as the generally accepted medium of exchange, emerged out of the market transactions of a growing number of buyers and sellers in an expanding arena of trade.
-
•
Voting Is Not Self-Expression
Voting may be many things, but the least of them is self-expression. Conceding the sufficiency of multi-billion dollar political contests among highly vetted, meticulously-coached candidates is a guaranteed road to self-negation.
-
•
New-Home Sales Fall Again
Sales of new single-family homes fell 5.5 percent in September, the fourth decline in a row, while inventory rose for the sixth straight month putting the months’ supply at the highest since 2011. Rising home prices and higher interest rates are likely to weigh on housing activity over coming months and quarters.
-
•
Advertisers, Press Furious at Facebook Over Its Video “Mistakes”
As users have started losing confidence in Facebook after the firm’s decision to purge hundreds of popular pages from the platform, it will be only a matter of time until a strong competitor enters the picture.
-
•
The Economic Color Blindness of the Sears Catalog
Sears played an important role in circumventing the institutionalized racial discrimination of the Jim Crow South.
-
•
The Real Problem With the Health Care System
Unfortunately, both sides are pursuing the wrong goals. The pursuit of one form or another of third-party payment for health care services has removed most incentives for consumers to be careful about how they spend money.