Daily Economy
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Third-Quarter Real GDP Rises 3.2 Percent; Profits Hit a Record
Revised estimates show real GDP grew at a 3.2 percent pace in the third quarter while U.S. corporate profits rose to a new record high and core consumer price increases decelerated. Overall, today’s data suggest an economic environment with solid growth and slow price increases that is likely to continue well into 2018.
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A Decline in Multifamily Housing Permits Offsets a Gain in Single-Family Permits
Housing starts rose 3.3 percent in November on gains in both the multifamily segment and in the single-family segment. Overall, single-family housing construction continues to rise while the multifamily segment has plateaued.
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American Journal of Economics and Sociology on AIER Founder E.C. Harwood
Edward Crosby Harwood was a participant in the work of the American Journal of Economics and Sociology since its founding. First as a reader and friendly critic, then as a contributor and member of the editorial board serving as a referee, he helped to assure the success of the effort.
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Are Fiat-Currency Crises the Only Path to Mass Adoption of Bitcoin?
Mass adoption of cryptocurrencies is unlikely to take place unless there is “significant monetary instability” or “government support” (fat chance, at least with bitcoin).
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We Are the True Liberals
In the 19th century liberalism was used to describe the people who believed in liberty, a creed unifying the belief in free markets with the beliefs in freedom of speech and the press.
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The 12 Greatest Tweets Debunking Net Neutrality
In a country where almost every facet of life is regulated by big government, the last thing we need is a state-run internet.
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Over Half of Millennials Identify as Socialist. Here’s How to Change Their Minds.
How does one make the case for capitalism to young Americans who identify as socialist?
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Strong Retail Sales Gains and Low Initial Claims Point to Robust Growth
Retail sales jumped 0.8 percent in November, the third strong monthly gain in a row. Along with initial claims, today’s data show the economy is gaining momentum, suggesting the outlook remains upbeat.
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Canadians Back Free Movement of Booze
Officials want to legitimize interprovincial restrictions, but a poll conducted by the Montreal Economic Institute reveals that 89 percent of Canadians disagree with them.
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•
Third-Quarter Real GDP Rises 3.2 Percent; Profits Hit a Record
Revised estimates show real GDP grew at a 3.2 percent pace in the third quarter while U.S. corporate profits rose to a new record high and core consumer price increases decelerated. Overall, today’s data suggest an economic environment with solid growth and slow price increases that is likely to continue well into 2018.
-
•
A Decline in Multifamily Housing Permits Offsets a Gain in Single-Family Permits
Housing starts rose 3.3 percent in November on gains in both the multifamily segment and in the single-family segment. Overall, single-family housing construction continues to rise while the multifamily segment has plateaued.
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•
American Journal of Economics and Sociology on AIER Founder E.C. Harwood
Edward Crosby Harwood was a participant in the work of the American Journal of Economics and Sociology since its founding. First as a reader and friendly critic, then as a contributor and member of the editorial board serving as a referee, he helped to assure the success of the effort.
-
•
Are Fiat-Currency Crises the Only Path to Mass Adoption of Bitcoin?
Mass adoption of cryptocurrencies is unlikely to take place unless there is “significant monetary instability” or “government support” (fat chance, at least with bitcoin).
-
•
We Are the True Liberals
In the 19th century liberalism was used to describe the people who believed in liberty, a creed unifying the belief in free markets with the beliefs in freedom of speech and the press.
-
•
The 12 Greatest Tweets Debunking Net Neutrality
In a country where almost every facet of life is regulated by big government, the last thing we need is a state-run internet.
-
•
Over Half of Millennials Identify as Socialist. Here’s How to Change Their Minds.
How does one make the case for capitalism to young Americans who identify as socialist?
-
•
Strong Retail Sales Gains and Low Initial Claims Point to Robust Growth
Retail sales jumped 0.8 percent in November, the third strong monthly gain in a row. Along with initial claims, today’s data show the economy is gaining momentum, suggesting the outlook remains upbeat.
-
•
Canadians Back Free Movement of Booze
Officials want to legitimize interprovincial restrictions, but a poll conducted by the Montreal Economic Institute reveals that 89 percent of Canadians disagree with them.