Daily Economy
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Existing-Home Sales Holding in a Flat Trend
Sales of existing homes fell 0.4 percent in May to a 5.43 million-unit annual rate versus a 5.45 million pace in April, according to the National Association of Realtors. Sales have been in a flat trend recently, held back by limited inventory.
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Bitcoin Is Less Volatile Than Its Cryptocurrency Cousins
It’s hard to say with a straight face that Bitcoin is “the stable cryptocurrency,” but compared to its cousins, its wild price swings are a little less wild.
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SEC Gives Green Light to Digital Asset Freedom
The Howey Test is legacy content from our civilization past, same as Morse Code, the horse-drawn plow, and the presidential fireside chat. We’ve moved on. At least we are trying to.
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Not a Fad: Why Shared Bikes, Scooters Beat Taking the Bus
Unlike past personal-transportation fads, electric-assisted, rented mobility devices appear to be here to stay, as they have quickly carved out a niche in the American urban transportation market.
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High Regulation Causes Unwarranted Consolidation
If we are concerned about the rise of the ginormous corporation, and perhaps we should be, why not start with lowering barriers to entry, removing regulations, cutting more taxes, blasting away expensive mandates and litigation landmines? If we work toward a truly laissez-faire environment for business, we could let the market discover the right combination…
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Adam Smith, Born Today in 1723, Does Not Approve
It’s the 295th birthday of Adam Smith, champion of trade and the philosophical mastermind who explained the end of the old world and the beginning of the new. And yet, on this day, after so many centuries of intellectual work to promote free trade, a trade war is upon us.
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Illinois Has Bigger Problems than Chicago
Chicago’s poor economic performance is prompting state lawmakers to discuss its secession from Illinois.
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Rebounding Retail Sales Growth and Low Initial Claims Point to Robust Economy
Retail sales posted the third strong monthly gain in a row following weak performances in January and February. Combining these data with strong readings from the AIER Leading Indicators index, the outlook for the economy remains upbeat.
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What Anthony Bourdain Taught Me About Economics
“As Bourdain himself says at the outset, with the focus on food and cooking, we can see what it is that drives daily life among the Haitian multitudes. He takes viewers to Port-au-Prince, Haiti. Through this micro lens, we gain more insight than we would have if the program were entirely focused on economic issues.”…
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Fewer International Students a Loss for America
The United States is losing her appeal to international students. Once accounting for nearly half of students worldwide, the number now constitutes 24 percent.
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Existing-Home Sales Holding in a Flat Trend
Sales of existing homes fell 0.4 percent in May to a 5.43 million-unit annual rate versus a 5.45 million pace in April, according to the National Association of Realtors. Sales have been in a flat trend recently, held back by limited inventory.
-
•
Bitcoin Is Less Volatile Than Its Cryptocurrency Cousins
It’s hard to say with a straight face that Bitcoin is “the stable cryptocurrency,” but compared to its cousins, its wild price swings are a little less wild.
-
•
SEC Gives Green Light to Digital Asset Freedom
The Howey Test is legacy content from our civilization past, same as Morse Code, the horse-drawn plow, and the presidential fireside chat. We’ve moved on. At least we are trying to.
-
•
Not a Fad: Why Shared Bikes, Scooters Beat Taking the Bus
Unlike past personal-transportation fads, electric-assisted, rented mobility devices appear to be here to stay, as they have quickly carved out a niche in the American urban transportation market.
-
•
High Regulation Causes Unwarranted Consolidation
If we are concerned about the rise of the ginormous corporation, and perhaps we should be, why not start with lowering barriers to entry, removing regulations, cutting more taxes, blasting away expensive mandates and litigation landmines? If we work toward a truly laissez-faire environment for business, we could let the market discover the right combination…
-
•
Adam Smith, Born Today in 1723, Does Not Approve
It’s the 295th birthday of Adam Smith, champion of trade and the philosophical mastermind who explained the end of the old world and the beginning of the new. And yet, on this day, after so many centuries of intellectual work to promote free trade, a trade war is upon us.
-
•
Illinois Has Bigger Problems than Chicago
Chicago’s poor economic performance is prompting state lawmakers to discuss its secession from Illinois.
-
•
Rebounding Retail Sales Growth and Low Initial Claims Point to Robust Economy
Retail sales posted the third strong monthly gain in a row following weak performances in January and February. Combining these data with strong readings from the AIER Leading Indicators index, the outlook for the economy remains upbeat.
-
•
What Anthony Bourdain Taught Me About Economics
“As Bourdain himself says at the outset, with the focus on food and cooking, we can see what it is that drives daily life among the Haitian multitudes. He takes viewers to Port-au-Prince, Haiti. Through this micro lens, we gain more insight than we would have if the program were entirely focused on economic issues.”…
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•
Fewer International Students a Loss for America
The United States is losing her appeal to international students. Once accounting for nearly half of students worldwide, the number now constitutes 24 percent.