Daily Economy

Monday, March 11, 2019
Retail sales growth bounced back in January, but economic data continue to be mixed, suggesting a heightened degree of caution for the economic outlook.  
Monday, March 11, 2019
Given the way that they skewed their poll results toward the GND with biased and loaded questioning, it’s reasonable to ask whether their research output crossed the ethical line separating scholarship from politically motivated advocacy.
Monday, March 11, 2019
Elizabeth Warren knows the real problem is that watching and controlling people’s lives is a natural monopoly, and should be the exclusive realm of government.
Monday, March 11, 2019
We can admire the engineering prowess that enabled NASA to land men on the moon and return them safely to earth. But even if politicians (contrary to fact) were apolitical stewards of the public welfare, governing society is not an engineering task. It follows that NASA’s remarkable achievement...
Monday, March 11, 2019
Bankers have been steadily introducing cashless banks over the last few years in response to falling customer demand for cash. With fewer people wanting to withdraw or deposit cash, the cost of offering these services gets harder to justify to shareholders.
Sunday, March 10, 2019
For centuries, the whole point of commercial capitalism has been missed. It is not about material greed much less exploitation and exclusion. Its fundamental theme is love of this special sort. That is its driving energy and ethos. This love permeates every aspect of its operations. It requires...
Friday, March 8, 2019
U.S. nonfarm payrolls added just 20,000 jobs in February, the smallest monthly gain since September 2017. Combined with other recent disappointing economic data, the report raises concerns about the durability of the economic expansion.
Friday, March 8, 2019
Still, there’s absolutely no need for the government to pretend it has the duty to provide this service. As a matter of fact, it is the very roadblocks imposed by local governments that make it difficult for companies to have a greater presence in remote areas.
Friday, March 8, 2019
Economist John Miller of Wheaton College wrote a sharp critique this week of my work on the job guarantee. I was pleased to see it. In nearly five months, Miller is the first economist on the left to respond on the basis of economics rather than retreating to blanket declarations that job-guarantee...
Friday, March 8, 2019
We ought to attack the true root cause of inequality — that is, rent-seeking. This is far more productive than redistributing the rents that the rent-seekers captured.
Thursday, March 7, 2019
It’s too little, too late, but Facebook has now promised to adapt. Open and public? Forget it. Smaller groups, closed, and private is the new way.
Thursday, March 7, 2019
Despite their recommendations, technology offers a sometimes more effective — and affordable — alternative to putting patients face-to-face with psychologists. All that the government agency has to do to truly help patients is to get out of the way.
Thursday, March 7, 2019
National economic statistics in a global economy are already suspect, even more so when we are talking about products that depend for their very existence on international supply chains. At this point in history, where trading relationships cover every nation and production structures are...
Wednesday, March 6, 2019
Translating what is completely mindless, the federal government is ultimately persecuting Huawei for being successful.
Wednesday, March 6, 2019
We take for granted the miraculous ability technology has now given us to travel to and communicate with virtually any place on the planet in little or no time. Yet we allow governments and their bureaucracies to use their coercive powers to constrain us from having the full freedom to create,...
Tuesday, March 5, 2019
It’s 2019, nearly five years after the Flint, Michigan, water crisis became news nationwide. But the city is still struggling to get access to clean water.
Tuesday, March 5, 2019
The ISM’s nonmanufacturing index rose to 59.7 in February. The increase was led by strong performances by the activity index and the new orders index. The report suggests continued expansion for the economy last month.
Tuesday, March 5, 2019
Beware, my friends. Socialists may start off believing that they are for the well being of all. But once they turn their attention to matters of control, they eventually discover that controlling demographics is essential to making all their dreams come true. That’s when they come after a...
Tuesday, March 5, 2019
Neither consumers of expert opinion nor experts themselves will ever fully transcend their biases, nor should they. But when experts disagree, it behooves us to avoid as best we can hunkering down into black-and-white thinking that conveniently accommodates those preexisting biases.
Tuesday, March 5, 2019
Just as we come up with ever-newer ways to combine materials into new goods and services, people are constantly coming up with new ways to combine sounds into music.

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