Daily Economy
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Clueless Feds Show Why Gun Policy Should Be Local
Instead of virtue signaling to constituents and turning to the federal government to solve every problem under the sun, policymakers should work to find more decentralized solutions.
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Driverless Boats Will Transform Life on Sea and Land
Lost in the talk about autonomous cars and trucks are discussions of the of advances in automation on the high seas. In coming years, the world’s first autonomous boats will leave their dry docks.
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A Review of Philip Barton’s Dawn of Gold: The Real Story of Money
“Money” lacks a standard definition. In his 2014 book Dawn of Gold: The Real Story of Money, Gold Standard Institute President Philip Barton defines money as a “store of stable value,” and it is this stable value that separates gold from everything else that aspires to be called money.
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Fourth-Quarter Real GDP Rises 2.9 Percent as Domestic Demand Surges
Real GDP grew at a 2.9 percent pace in the fourth quarter as domestic demand surged. Most of the major components of GDP made positive contributions, and core consumer prices rose at a modest pace, however, corporate profits did show a decline.
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Could the Blockchain Revolution Use a Dose of Pragmatism?
By focusing almost exclusively on disruption, blockchain proponents can ignore the important role of adoption by existing players in finance and other industries.
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Consumer Confidence Ticked Down in March but Remains at a Very High Level
The Consumer Confidence Survey from The Conference Board shows consumer attitudes pulled back slightly in March but remain at historically favorable levels overall, suggesting support for ongoing economic expansion.
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The Reason Congress Won’t Control Spending
The crucial answer: the federal government has access to a printing press that can run without limit. The Federal Reserve is the reason. This is why their default risk premium on US debt is completely unlike that of Illinois, Microsoft, or you and me.
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Internet Sales Tax Favors Big Business, Impedes New Entrants
For retail giants such as Amazon and Walmart, an internet sales tax is a dream come true in their quest to crush the competition.
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Terminally Ill Patients Deserve the Right to Try
For the sake of progress and common decency, it’s high time that policymakers reconsider the FDA’s role in the approval process for medical treatments.
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Economic Growth Accelerated in February, According to the Chicago Fed National Activity Index
The Chicago Fed’s National Activity Index jumped in February with the index coming in at 0.88, its second-highest reading over the past 11 years. The six-month average came in at 0.435, the highest since March 2006, suggesting economic growth remains above its long-term trend.
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•
Clueless Feds Show Why Gun Policy Should Be Local
Instead of virtue signaling to constituents and turning to the federal government to solve every problem under the sun, policymakers should work to find more decentralized solutions.
-
•
Driverless Boats Will Transform Life on Sea and Land
Lost in the talk about autonomous cars and trucks are discussions of the of advances in automation on the high seas. In coming years, the world’s first autonomous boats will leave their dry docks.
-
•
A Review of Philip Barton’s Dawn of Gold: The Real Story of Money
“Money” lacks a standard definition. In his 2014 book Dawn of Gold: The Real Story of Money, Gold Standard Institute President Philip Barton defines money as a “store of stable value,” and it is this stable value that separates gold from everything else that aspires to be called money.
-
•
Fourth-Quarter Real GDP Rises 2.9 Percent as Domestic Demand Surges
Real GDP grew at a 2.9 percent pace in the fourth quarter as domestic demand surged. Most of the major components of GDP made positive contributions, and core consumer prices rose at a modest pace, however, corporate profits did show a decline.
-
•
Could the Blockchain Revolution Use a Dose of Pragmatism?
By focusing almost exclusively on disruption, blockchain proponents can ignore the important role of adoption by existing players in finance and other industries.
-
•
Consumer Confidence Ticked Down in March but Remains at a Very High Level
The Consumer Confidence Survey from The Conference Board shows consumer attitudes pulled back slightly in March but remain at historically favorable levels overall, suggesting support for ongoing economic expansion.
-
•
The Reason Congress Won’t Control Spending
The crucial answer: the federal government has access to a printing press that can run without limit. The Federal Reserve is the reason. This is why their default risk premium on US debt is completely unlike that of Illinois, Microsoft, or you and me.
-
•
Internet Sales Tax Favors Big Business, Impedes New Entrants
For retail giants such as Amazon and Walmart, an internet sales tax is a dream come true in their quest to crush the competition.
-
•
Terminally Ill Patients Deserve the Right to Try
For the sake of progress and common decency, it’s high time that policymakers reconsider the FDA’s role in the approval process for medical treatments.
-
•
Economic Growth Accelerated in February, According to the Chicago Fed National Activity Index
The Chicago Fed’s National Activity Index jumped in February with the index coming in at 0.88, its second-highest reading over the past 11 years. The six-month average came in at 0.435, the highest since March 2006, suggesting economic growth remains above its long-term trend.