Daily Economy

Thursday, April 25, 2019
Durable-goods orders posted a solid gain in March, led by record-high orders for core capital goods excluding aircraft. Today’s reports suggest a cautiously optimistic outlook.
Thursday, April 25, 2019
If we truly had a fully free market economy, this type of reaction would always be the norm. It is when crony capitalism reigns supreme that we have instances of companies knowingly pushing products that hurt consumers — with the support and blessing of the government.
Thursday, April 25, 2019
We need a vision and set of principles to fight back against neo-Luddites and their proposals to slow or stop technological change.
Thursday, April 25, 2019
There is no limit to the examples of the distinction between what must be economized and what need not be. We need to develop the capacity to know the difference. 
Wednesday, April 24, 2019
Michael Munger found it useful to summarize the argument for capitalism briefly, and in some ways superficially.
Wednesday, April 24, 2019
Taken together, the top quintile of earners, representing 53 percent of total income, paid 70 percent of all federal taxes, or 17 percentage points above their fair share.
Wednesday, April 24, 2019
So long as there are new ways to think about the conflict between someone who has been bitten by a radioactive spider, a crime lord who has lost his family, and a mad scientist with mechanical tentacles, there will be room for economic progress.
Wednesday, April 24, 2019
The long history of central banking, and especially over the last 100 years of paper monies and out-of-control government deficit spending partly funded by “monetization” of the debt, has more than clearly demonstrated that the epoch of modern central banking needs to come to an end.
Tuesday, April 23, 2019
One of the most groundbreaking characteristics of social media is that it connects consumers and entrepreneurs directly, giving businesses the opportunity to better understand and serve their clientele.
Tuesday, April 23, 2019
Home sales have rebound in recent months. However, there is little evidence to support an expectation for a significant acceleration in housing activity in the coming months and quarters.
Tuesday, April 23, 2019
Many people readily impose their own preferences on others without hesitation or compunction, even when they can communicate freely with the party being imposed upon.
Tuesday, April 23, 2019
In the debate over creating a new federal paid-leave program, conservatives think they have found the ultimate free lunch.
Tuesday, April 23, 2019
The core issue is twofold: public ownership of the roads and no stockholders/owners in charge of security services who are answerable to consumers. The result is exactly what you get from socialism: random chaos, coercion, and lack of accountability.
Monday, April 22, 2019
No matter the ideology, anyone who seeks perfection in a philosophy summed up by one or two words will fall far short of that ideal.
Monday, April 22, 2019
The core of all three major religions is on individual faith, independently arrived at conclusions arrived at through persuasion, and the voluntary pursuit of worship. This is something to be celebrated, along with Passover, Easter, Bara'a Night, or whatever you have voluntarily decide to believe...
Monday, April 22, 2019
The simple innovation of designing and installing doorless entry-exit ways for public restrooms is one small but real way in which innovative capitalism has made our exposure to pollution less than it was just a few decades ago.
Monday, April 22, 2019
When more competitors enter the market, it simply gives consumers more options. That doesn’t necessarily mean that established firms will disappear; it only means that they will have to adapt to meet customers’ demands so they can better compete with the newcomers.
Saturday, April 20, 2019
Yours may well be the decisive voice — the final increment of weight that shifts the balance and brings our ship of state, indeed our civilization, to survival course.
Friday, April 19, 2019
Today’s neo-Luddite tech critics suggest that we should just be content with the tools of the past and slow down the pace of technological innovation to supposedly save us from any number of dystopian futures they predict. If they succeed, it will leave us in a true dystopia.
Friday, April 19, 2019
In a new report, the Government Accountability Office (GAO) considers the financial benefit of switching to a $1 coin.

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