Daily Economy
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Auto Sales Fell Slightly in November but Remain at a High Level
Auto sales eased back to 17.5 million in November, the second monthly slowing following a hurricane-related surge to 18.6 million in September. Despite the slowing over the latest two months, auto sales remain at a high level by historical comparison.
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Bitcoin’s False Promise of Libertarian Salvation
We should not delude ourselves with notions that our small enclaves of devotees of this or that new technological miracle will make us invulnerable to government coercion. They will not.
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Taxes Make Netflix, Spotify Victims of Their Own Success
These taxes appear to be imposed on purely digital providers, whether they have any nexus or receive any public services in the state or not, simply to replace the tax revenue lost from traditional, brick-and-mortar storefronts.
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Manufacturing Orders and Production Expand at a Faster Pace in November
The Manufacturing Purchasing Manager’s Index fell to 58.2 in November. However, the new orders index and the production index posted gains suggesting a positive outlook for manufacturing.
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An Open Letter to Joseph Stiglitz on Bitcoin
In the words of fellow Nobel Laureate Bob Dylan, “don’t criticize what you can’t understand.”
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Want Disaster Relief? Bypass the Feds
To rub salt into the wound, immigrants and those with low educational attainment struggle to jump through the hoops. The aid does not go the those most in need, and isn’t that kind of the point?
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Statists Gonna State: Clueless Stiglitz Wants to Ban Bitcoin
How dare people decline to have their purchasing power robbed via inflation and their economy manipulated via negative real interest rates.
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Third-Quarter Real GDP Is Revised Higher; Profits Hit a Record
Revised estimates show real GDP grew at a 3.3 percent pace in the third quarter and most elements of the report suggest the economy remains in very good condition, with moderate real growth, continued gains in profits, and tepid price increases.
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Paul Ryan’s Trojan Horse for the Welfare State
The bill creates a new federal statistical agency: the National Secure Data Service (NSDS). Why? The answer is simple: not-yet-created entitlement programs for which we qualify based on our incomes.
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Bitcoin 10,000 Highlights Conflict Between Asset and Currency
To maintain a high value in the long run, and thus be used as a currency, Bitcoin’s dramatic rise will eventually have to moderate.
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•
Auto Sales Fell Slightly in November but Remain at a High Level
Auto sales eased back to 17.5 million in November, the second monthly slowing following a hurricane-related surge to 18.6 million in September. Despite the slowing over the latest two months, auto sales remain at a high level by historical comparison.
-
•
Bitcoin’s False Promise of Libertarian Salvation
We should not delude ourselves with notions that our small enclaves of devotees of this or that new technological miracle will make us invulnerable to government coercion. They will not.
-
•
Taxes Make Netflix, Spotify Victims of Their Own Success
These taxes appear to be imposed on purely digital providers, whether they have any nexus or receive any public services in the state or not, simply to replace the tax revenue lost from traditional, brick-and-mortar storefronts.
-
•
Manufacturing Orders and Production Expand at a Faster Pace in November
The Manufacturing Purchasing Manager’s Index fell to 58.2 in November. However, the new orders index and the production index posted gains suggesting a positive outlook for manufacturing.
-
•
An Open Letter to Joseph Stiglitz on Bitcoin
In the words of fellow Nobel Laureate Bob Dylan, “don’t criticize what you can’t understand.”
-
•
Want Disaster Relief? Bypass the Feds
To rub salt into the wound, immigrants and those with low educational attainment struggle to jump through the hoops. The aid does not go the those most in need, and isn’t that kind of the point?
-
•
Statists Gonna State: Clueless Stiglitz Wants to Ban Bitcoin
How dare people decline to have their purchasing power robbed via inflation and their economy manipulated via negative real interest rates.
-
•
Third-Quarter Real GDP Is Revised Higher; Profits Hit a Record
Revised estimates show real GDP grew at a 3.3 percent pace in the third quarter and most elements of the report suggest the economy remains in very good condition, with moderate real growth, continued gains in profits, and tepid price increases.
-
•
Paul Ryan’s Trojan Horse for the Welfare State
The bill creates a new federal statistical agency: the National Secure Data Service (NSDS). Why? The answer is simple: not-yet-created entitlement programs for which we qualify based on our incomes.
-
•
Bitcoin 10,000 Highlights Conflict Between Asset and Currency
To maintain a high value in the long run, and thus be used as a currency, Bitcoin’s dramatic rise will eventually have to moderate.