Daily Economy
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Rent-Seeking Is Alive and Well in Trump’s Tariffs
Rent-seeking is a problem that those on the left should have to answer for whenever they propose extensive new regulations. But as President Trump’s recent steel tariffs show, the problem knows no political ideology, and is an inevitable occurrence at the friction point between personal connections and power. The only way out, it would seem,…
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What Is Mercantilism?
I do not deny that countless other modern-day politicians are also mercantilists. But this fact doesn’t mean that Trump is less of a mercantilist than he really is. He is a poster-boy for modern-day mercantilism.
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High Rates for Job Openings and Quits Suggest a Very Tight Labor Market
The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the number of open positions in the private sector was essentially unchanged in June, holding at a very high level. Overall, the data relating to the labor market continue to show strength.
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Governments and Central Banks Should Look to Gold Not Crypto
The Fed should focus entirely on the soundness of the dollar and the banking system. Innovations like cryptocurrency and the growing infrastructure associated with it are the business of private enterprise, not government and official institutions.
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Wall Street Rallies for Blockchain Technology: Video
Blockchain is going mainstream, and that’s a good thing.
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$1 Trillion Deficits and the Crisis of the Entitlement State
Serious fiscal crises are coming in the years ahead for the “entitlement” state. The long-run consequences of a host of short-run policies that have accumulated over the many decades are finally facing the American people just over the political horizon.
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The Empirical Reality of the Minimum Wage
But even after excluding all shoddily done studies of minimum wages, we’re still left with conflict in the conclusions. Fortunately, economic theory itself supplies clues as to why.
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The Real Problem with Paid Family Leave
The direct and unavoidable result will be that all childbearing-age, low-income women are likely to pay for their potential absence from work through lower wages as employers will assume they will have to fill out for them when they take time off. There is no avoiding that.
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Everyone Is Missing the Point of 3D-Printed Guns
There is no chance of finally censoring the future with any of the tools that molded the past. It’s done, that great migration from a things-based economy regulated by the state to an idea-based economy regulated only by the choices of the individuals that make up society itself.
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Bitcoin Mining Meets the Dizzying Reality of Electricity Markets
How is it possible in a free market to use “too much” electricity to mine Bitcoin? The problem lies in the pricing in our electricity markets, and it isn’t going away anytime soon.
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•
Rent-Seeking Is Alive and Well in Trump’s Tariffs
Rent-seeking is a problem that those on the left should have to answer for whenever they propose extensive new regulations. But as President Trump’s recent steel tariffs show, the problem knows no political ideology, and is an inevitable occurrence at the friction point between personal connections and power. The only way out, it would seem,…
-
•
What Is Mercantilism?
I do not deny that countless other modern-day politicians are also mercantilists. But this fact doesn’t mean that Trump is less of a mercantilist than he really is. He is a poster-boy for modern-day mercantilism.
-
•
High Rates for Job Openings and Quits Suggest a Very Tight Labor Market
The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the number of open positions in the private sector was essentially unchanged in June, holding at a very high level. Overall, the data relating to the labor market continue to show strength.
-
•
Governments and Central Banks Should Look to Gold Not Crypto
The Fed should focus entirely on the soundness of the dollar and the banking system. Innovations like cryptocurrency and the growing infrastructure associated with it are the business of private enterprise, not government and official institutions.
-
•
Wall Street Rallies for Blockchain Technology: Video
Blockchain is going mainstream, and that’s a good thing.
-
•
$1 Trillion Deficits and the Crisis of the Entitlement State
Serious fiscal crises are coming in the years ahead for the “entitlement” state. The long-run consequences of a host of short-run policies that have accumulated over the many decades are finally facing the American people just over the political horizon.
-
•
The Empirical Reality of the Minimum Wage
But even after excluding all shoddily done studies of minimum wages, we’re still left with conflict in the conclusions. Fortunately, economic theory itself supplies clues as to why.
-
•
The Real Problem with Paid Family Leave
The direct and unavoidable result will be that all childbearing-age, low-income women are likely to pay for their potential absence from work through lower wages as employers will assume they will have to fill out for them when they take time off. There is no avoiding that.
-
•
Everyone Is Missing the Point of 3D-Printed Guns
There is no chance of finally censoring the future with any of the tools that molded the past. It’s done, that great migration from a things-based economy regulated by the state to an idea-based economy regulated only by the choices of the individuals that make up society itself.
-
•
Bitcoin Mining Meets the Dizzying Reality of Electricity Markets
How is it possible in a free market to use “too much” electricity to mine Bitcoin? The problem lies in the pricing in our electricity markets, and it isn’t going away anytime soon.