Daily Economy
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Andrea Rich, RIP
The movement as it was known has been through ups and downs but it has finally settled on what Andrea knew all along. Liberty is a big tent with many iterations. Its roots are not in mass political organizing but in beautiful ideals and dreams of a freer world.
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Despite a Weak Headline, the July Jobs Report Is Upbeat
U.S. nonfarm payrolls added 157,000 jobs in July, below consensus expectations. However, job creation appears to have reaccelerated over the past ten months, supporting gains in hourly earnings. Overall, the report was upbeat.
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A Theory of Conspiracy Theory
When things don’t go our way, when institutions produce outcomes we find contrary to our conception of what should be, we seek out the culprit, the hidden hand making things as they are. Surely some powerful cabal manipulated the world to take the shape that it does. Nothing is random, spontaneous, truly decentralized, accidental, or…
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What Can and Cannot Be Planned
No one created that muddy track; it is the result of individuals going where they want to go. But if enough people walk there, it wears out the grass and makes the ground hard and packed down. The “path” emerges, although no one planned it.
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George Selgin on How the Fed Prolonged the Great Recession
George Selgin speaks at the American Institute for Economic Research, July 28, 2018.
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The Real Reason for the Trade Deficit
The cure for the deficit problem is not to hamper free trade but to replace the dollar as the international reserve currency with a private currency and to reduce America’s budget deficit, which absorbs the financial inflows from abroad.
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ISM Manufacturing Survey Pulls Back in July but Remains Strongly Positive
The Manufacturing Purchasing Managers Index registered a 58.1 percent reading in July, down from 60.2 in June. Despite the pullback, the index remains well above neutral and is a positive sign for the manufacturing sector.
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Why Blockchains Can Be Counterintuitive
Cryptocurrency and blockchain technology in general face a particularly high hurdle when it comes to people’s developing an intuitive mental model.
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The Tariff Bill Comes Due
What’s called “economic nationalism” is really just a cover for a political power grab and the manipulation of the public. The price is paid by you and me and everyone.
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Compensation Costs Rose in the Second Quarter
Total compensation costs for all civilian workers rose 0.6 percent in the second quarter, less than the 0.8 percent rise in the first quarter. Compensation-costs increases have trended higher in recent years however, the rate of increase remains moderate by historical measures.
-
•
Andrea Rich, RIP
The movement as it was known has been through ups and downs but it has finally settled on what Andrea knew all along. Liberty is a big tent with many iterations. Its roots are not in mass political organizing but in beautiful ideals and dreams of a freer world.
-
•
Despite a Weak Headline, the July Jobs Report Is Upbeat
U.S. nonfarm payrolls added 157,000 jobs in July, below consensus expectations. However, job creation appears to have reaccelerated over the past ten months, supporting gains in hourly earnings. Overall, the report was upbeat.
-
•
A Theory of Conspiracy Theory
When things don’t go our way, when institutions produce outcomes we find contrary to our conception of what should be, we seek out the culprit, the hidden hand making things as they are. Surely some powerful cabal manipulated the world to take the shape that it does. Nothing is random, spontaneous, truly decentralized, accidental, or…
-
•
What Can and Cannot Be Planned
No one created that muddy track; it is the result of individuals going where they want to go. But if enough people walk there, it wears out the grass and makes the ground hard and packed down. The “path” emerges, although no one planned it.
-
•
George Selgin on How the Fed Prolonged the Great Recession
George Selgin speaks at the American Institute for Economic Research, July 28, 2018.
-
•
The Real Reason for the Trade Deficit
The cure for the deficit problem is not to hamper free trade but to replace the dollar as the international reserve currency with a private currency and to reduce America’s budget deficit, which absorbs the financial inflows from abroad.
-
•
ISM Manufacturing Survey Pulls Back in July but Remains Strongly Positive
The Manufacturing Purchasing Managers Index registered a 58.1 percent reading in July, down from 60.2 in June. Despite the pullback, the index remains well above neutral and is a positive sign for the manufacturing sector.
-
•
Why Blockchains Can Be Counterintuitive
Cryptocurrency and blockchain technology in general face a particularly high hurdle when it comes to people’s developing an intuitive mental model.
-
•
The Tariff Bill Comes Due
What’s called “economic nationalism” is really just a cover for a political power grab and the manipulation of the public. The price is paid by you and me and everyone.
-
•
Compensation Costs Rose in the Second Quarter
Total compensation costs for all civilian workers rose 0.6 percent in the second quarter, less than the 0.8 percent rise in the first quarter. Compensation-costs increases have trended higher in recent years however, the rate of increase remains moderate by historical measures.