Daily Economy
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Harley’s Grim History of Government Bailouts
After all these efforts, all these interventions and tax-back loans, nothing could prepare the company to deal with a loss of its foreign markets. This is why the company said this week that it would move some production overseas due to increased costs from the EU’s retaliatory tariffs against the Trump administration’s taxes on imports…
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Durable-Goods Orders Tick Down in May but Remain in an Uptrend
New orders for durable goods fell 0.6 percent in May. However, orders have been on a solid rising trend over the past two years and recent declines do not appear to suggest that the rising trend is in danger.
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How the Sharing Economy Allows Me to Travel the World
I’ve been fortunate enough to have a career that doesn’t limit me to an office. I work from wherever I have internet access, which means I try to travel as much as my bank account lets me. From Fresno to France, Canada to Costa Rica, and soon Indiana to Iceland, I’ve been able to experience…
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Consumer Confidence Ticked Down in June but Remains at a Very High Level
Despite a slight dip in June, consumer confidence remains at historically favorable levels suggesting ongoing economic expansion in the short term. However, consumers’ expectations may be plateauing, possibly reflecting escalating trade tensions.
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AT&T/Time Warner Decision Casts Doubt on Economic Models in the Courtroom
When you combine the evidentiary standards of the courtroom with the theoretical abstractions of the classroom, things get weird.
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Tariff Wars and the Fallacy of the Balance of Trade
The hoopla and hysteria about balance of trade deficits, and that somehow “others” are taking advantage of us because we buy more from them than they buy from us, in fact, is the result of an analytical myopia of failing to “follow the money” through all the different forms and channels that import and export…
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Economists as Storytellers
In their admirable quest to be scientific, most economists not-so-admirably mistake what looks like science for actual science.
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A Different Sort of Central Planning
Economic nationalism, characterized by restriction on trade and migration toward the goal of political control, has a different sales pitch and cultural feel from the central planning of generations past. But it is no less an attack on free enterprise, industrial rivalry, and consumer control of production. Ultimately it is just another way to undermine…
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Vox, Netflix Pull a Fast One on Cryptocurrencies
Instead of addressing misconceptions and increasing public understanding of cryptocurrencies, the Netflix-Vox documentary repeats scare-mongering that has been the staple of shallow tech journalism.
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Political Fear Drives the Immigration Panic
Despite all the rhetoric, the debate over immigration isn’t really about human rights, economics, national security, or even culture change. Immigration policy has become an extension of national politics. Whoever wins gets to control the presidency. The people have become the fodder in a war for who gets to exercise power over whom.
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•
Harley’s Grim History of Government Bailouts
After all these efforts, all these interventions and tax-back loans, nothing could prepare the company to deal with a loss of its foreign markets. This is why the company said this week that it would move some production overseas due to increased costs from the EU’s retaliatory tariffs against the Trump administration’s taxes on imports…
-
•
Durable-Goods Orders Tick Down in May but Remain in an Uptrend
New orders for durable goods fell 0.6 percent in May. However, orders have been on a solid rising trend over the past two years and recent declines do not appear to suggest that the rising trend is in danger.
-
•
How the Sharing Economy Allows Me to Travel the World
I’ve been fortunate enough to have a career that doesn’t limit me to an office. I work from wherever I have internet access, which means I try to travel as much as my bank account lets me. From Fresno to France, Canada to Costa Rica, and soon Indiana to Iceland, I’ve been able to experience…
-
•
Consumer Confidence Ticked Down in June but Remains at a Very High Level
Despite a slight dip in June, consumer confidence remains at historically favorable levels suggesting ongoing economic expansion in the short term. However, consumers’ expectations may be plateauing, possibly reflecting escalating trade tensions.
-
•
AT&T/Time Warner Decision Casts Doubt on Economic Models in the Courtroom
When you combine the evidentiary standards of the courtroom with the theoretical abstractions of the classroom, things get weird.
-
•
Tariff Wars and the Fallacy of the Balance of Trade
The hoopla and hysteria about balance of trade deficits, and that somehow “others” are taking advantage of us because we buy more from them than they buy from us, in fact, is the result of an analytical myopia of failing to “follow the money” through all the different forms and channels that import and export…
-
•
Economists as Storytellers
In their admirable quest to be scientific, most economists not-so-admirably mistake what looks like science for actual science.
-
•
A Different Sort of Central Planning
Economic nationalism, characterized by restriction on trade and migration toward the goal of political control, has a different sales pitch and cultural feel from the central planning of generations past. But it is no less an attack on free enterprise, industrial rivalry, and consumer control of production. Ultimately it is just another way to undermine…
-
•
Vox, Netflix Pull a Fast One on Cryptocurrencies
Instead of addressing misconceptions and increasing public understanding of cryptocurrencies, the Netflix-Vox documentary repeats scare-mongering that has been the staple of shallow tech journalism.
-
•
Political Fear Drives the Immigration Panic
Despite all the rhetoric, the debate over immigration isn’t really about human rights, economics, national security, or even culture change. Immigration policy has become an extension of national politics. Whoever wins gets to control the presidency. The people have become the fodder in a war for who gets to exercise power over whom.