Daily Economy
-
•
The Labeling Problem in Economic Thought
There is a core of the economic way of thinking that can be traced from Adam Smith to Vernon Smith and that deals with basic ideas about human rationality, human sociability, and the coordination of activity through time. Incentives, information, and innovation are part of this core as they derive from the even more primordial…
-
•
Why the Sudden Frenzy Against Plastic Straws?
And yes, I’m glad that sea turtle no longer has a straw up his nose. I hope he wasn’t quickly eaten by a shark, which is the leading predator of these animals.
-
•
What Is Money Velocity and Why Does It Matter?
The promise of the central bankers to act as the caretaker of the nation’s money is a great illusion. Even more preposterous is the claim of the central bankers that they could keep the economy on the path of a low-inflation economic growth path.
-
•
Retail Sales Easily Beat Expectations in July
Retail sales for July rose 0.5 percent, marking the sixth consecutive month of gains. The report suggests that U.S. economic growth is maintaining strong momentum, supported by consumer spending.
-
•
Private Enterprise Can Manage Money Production
What we’ve learned is that money can be privately produced. Hayek’s dream of choice in currency can be reality. What form it will take in the future no one can know for sure. What’s more, there is no end game here. The process of innovation will never stop.
-
•
Small-Business Confidence Is Booming
The Small Business Optimism Index from the National Federation of Independent Business rose 0.7 points in July, coming in at 107.9, the second-highest in history, extending a run of 20 consecutive months above 100.
-
•
Your Ticket to Capitalism Is Free
The consumer surplus that we derive from buying water, and other items, is enormous, almost incalculable. The fact that all of these products, services, and useful things are available to us at low prices seems automatic, nothing very interesting or important. In fact, the capitalist system operating in the background is performing miracles of production,…
-
•
The Walter Lippmann Colloquium and the Meaning of Liberalism
Eighty years after a remarkable colloquium in 1938, one that tried to assess the crisis of liberalism and what to do about it, the proceedings have finally been published. The results are tremendously revealing. The Walter Lippman Colloquium was indeed a seminal event that set the stage for the postwar liberal revival.
-
•
How to Kick an Economy When It’s Down
It is incredibly reckless to double taxes on imports from a particular country with the stroke of a pen. As robust and well-capitalized as the US is today, such actions foment more conflict, feed resentment, fuel nationalism, and take unnecessary risks with the economic well being of people the world over.
-
•
The LeBron James Strategy for Saving Schools
James was given unprecedented freedom with I Promise School, even though taxpayers are footing about 75 percent of the bill.
-
•
The Labeling Problem in Economic Thought
There is a core of the economic way of thinking that can be traced from Adam Smith to Vernon Smith and that deals with basic ideas about human rationality, human sociability, and the coordination of activity through time. Incentives, information, and innovation are part of this core as they derive from the even more primordial…
-
•
Why the Sudden Frenzy Against Plastic Straws?
And yes, I’m glad that sea turtle no longer has a straw up his nose. I hope he wasn’t quickly eaten by a shark, which is the leading predator of these animals.
-
•
What Is Money Velocity and Why Does It Matter?
The promise of the central bankers to act as the caretaker of the nation’s money is a great illusion. Even more preposterous is the claim of the central bankers that they could keep the economy on the path of a low-inflation economic growth path.
-
•
Retail Sales Easily Beat Expectations in July
Retail sales for July rose 0.5 percent, marking the sixth consecutive month of gains. The report suggests that U.S. economic growth is maintaining strong momentum, supported by consumer spending.
-
•
Private Enterprise Can Manage Money Production
What we’ve learned is that money can be privately produced. Hayek’s dream of choice in currency can be reality. What form it will take in the future no one can know for sure. What’s more, there is no end game here. The process of innovation will never stop.
-
•
Small-Business Confidence Is Booming
The Small Business Optimism Index from the National Federation of Independent Business rose 0.7 points in July, coming in at 107.9, the second-highest in history, extending a run of 20 consecutive months above 100.
-
•
Your Ticket to Capitalism Is Free
The consumer surplus that we derive from buying water, and other items, is enormous, almost incalculable. The fact that all of these products, services, and useful things are available to us at low prices seems automatic, nothing very interesting or important. In fact, the capitalist system operating in the background is performing miracles of production,…
-
•
The Walter Lippmann Colloquium and the Meaning of Liberalism
Eighty years after a remarkable colloquium in 1938, one that tried to assess the crisis of liberalism and what to do about it, the proceedings have finally been published. The results are tremendously revealing. The Walter Lippman Colloquium was indeed a seminal event that set the stage for the postwar liberal revival.
-
•
How to Kick an Economy When It’s Down
It is incredibly reckless to double taxes on imports from a particular country with the stroke of a pen. As robust and well-capitalized as the US is today, such actions foment more conflict, feed resentment, fuel nationalism, and take unnecessary risks with the economic well being of people the world over.
-
•
The LeBron James Strategy for Saving Schools
James was given unprecedented freedom with I Promise School, even though taxpayers are footing about 75 percent of the bill.