Daily Economy
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Our Bundled Government
How many times have you had to hold your nose when voting for a candidate because you hate their views on some issues but agree with them on issues you find more important? This is the familiar problem of bundling.
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Trade Makes Possible the Productive Cooperation of Millions of People
Opponents of free trade wish to prevent you and your fellow human beings from rendering to, and receiving from, each other the greatest possible amount of mutual assistance at improving your lives.
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The Amazingly Persistent Failure of Politics
No matter how good legislators’ intentions are, and no matter how much money government spends, government “solutions” are very likely to fall short of solving most of the problems they’re sold as solving. Indeed, often the result is disastrous.
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Income and Spending Post Solid Gains in August as Price Increases Moderate
Personal income and consumer spending are up 5.3 percent over the past year. Together, these support a positive outlook for the economy with a low probability of recession over the next several months and quarters.
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It’s Profit, Not Greed, that Is Good
Few defenders of free markets, not even the oft-maligned Ayn Rand, can be read as defending greed. In fact, if greed or selfishness is understood as exploiting others, then greed is impossible in a system of voluntary exchange.
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Blockchain Will Save Our Salad
What this is about is what is called provenance, which is the definitive establishment and documentation of who has owned what and where it has been. This is the foundation contribution of blockchain, to prove provenance better than any other technology in history.
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Durable-Goods Orders Jump in August
New orders for durable goods jumped 4.5 percent in August while orders excluding aircraft increased 1.4 percent to a new record. Today’s reports suggest that demand remains strong and that the broader economy is maintaining solid momentum in the second half of 2018.
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What Travel Agents Can Teach Us About Blockchain
Disruptive technologies are rarely superior to incumbents in every single product or service the latter provides. And incumbents are rarely passive enough not to adapt and adopt in response to technological change.
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Life Is Complicated, and That Is Good
Human beings can do more and realize their potentials more readily the more human interactions they have and the more extensive and complex the system of human interaction of which they are a part.
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Housing Data Remain Soft
Sales of new single-family homes rose 3.5 percent in August and are up 12.7 percent from a year ago, however, they are down 11.7 percent from November 2017. Declining affordability suggests that sales are unlikely to move significantly higher in the coming months.
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•
Our Bundled Government
How many times have you had to hold your nose when voting for a candidate because you hate their views on some issues but agree with them on issues you find more important? This is the familiar problem of bundling.
-
•
Trade Makes Possible the Productive Cooperation of Millions of People
Opponents of free trade wish to prevent you and your fellow human beings from rendering to, and receiving from, each other the greatest possible amount of mutual assistance at improving your lives.
-
•
The Amazingly Persistent Failure of Politics
No matter how good legislators’ intentions are, and no matter how much money government spends, government “solutions” are very likely to fall short of solving most of the problems they’re sold as solving. Indeed, often the result is disastrous.
-
•
Income and Spending Post Solid Gains in August as Price Increases Moderate
Personal income and consumer spending are up 5.3 percent over the past year. Together, these support a positive outlook for the economy with a low probability of recession over the next several months and quarters.
-
•
It’s Profit, Not Greed, that Is Good
Few defenders of free markets, not even the oft-maligned Ayn Rand, can be read as defending greed. In fact, if greed or selfishness is understood as exploiting others, then greed is impossible in a system of voluntary exchange.
-
•
Blockchain Will Save Our Salad
What this is about is what is called provenance, which is the definitive establishment and documentation of who has owned what and where it has been. This is the foundation contribution of blockchain, to prove provenance better than any other technology in history.
-
•
Durable-Goods Orders Jump in August
New orders for durable goods jumped 4.5 percent in August while orders excluding aircraft increased 1.4 percent to a new record. Today’s reports suggest that demand remains strong and that the broader economy is maintaining solid momentum in the second half of 2018.
-
•
What Travel Agents Can Teach Us About Blockchain
Disruptive technologies are rarely superior to incumbents in every single product or service the latter provides. And incumbents are rarely passive enough not to adapt and adopt in response to technological change.
-
•
Life Is Complicated, and That Is Good
Human beings can do more and realize their potentials more readily the more human interactions they have and the more extensive and complex the system of human interaction of which they are a part.
-
•
Housing Data Remain Soft
Sales of new single-family homes rose 3.5 percent in August and are up 12.7 percent from a year ago, however, they are down 11.7 percent from November 2017. Declining affordability suggests that sales are unlikely to move significantly higher in the coming months.