The Daily Economy
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Feds Mandate Infrastructure Wages, Line Union Pockets
Market advocates have a golden opportunity to not only reign in federal spending but to introduce much-needed privatization in the infrastructure sector.
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Inflation Is Theft: On the Founding of AIER
Government monetary policy was not invented to help the everyday person but instead to benefit the government and its connected interests, “the swindlers.”
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The Real Losers In the Shutdown Fiasco
It’s time to put a final close on the era of government hegemony over our lives. There need never be another drama over closings of government offices. Shut them down for good. Sell the assets. Privatize the services.
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Teacher Pensions Divert Resources from School Maintenance
Politicians who ignore pension reform, sapping funds from facilities maintenance, should be replaced. These are real choices for school boards and for taxpayers, between accountability for maintenance and deterioration through thousands of little instances of neglect — choices that could avert situations like the one we see in Baltimore.
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Party Like It’s 1999: The Beautiful Inevitability of a Bubble in Blockchain Startups
Is there a bubble in the ICO/blockchain startup space? Short answer: yes. Long answer: still yes, but it involves very little of the irrationality most people associate with such things, and shows just how important the underlying blockchain technology truly is.
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Ban on Tide Pods Would Epitomize Nanny State
Although it’s obvious that eating laundry detergent, drinking way too much sugar, or consistently throwing away plastic isn’t good for you or the environment, it isn’t the job of the government to tell us what to do or how to live.
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University of Michigan Consumer Sentiment Fell Slightly in Early January
The University of Michigan Surveys of Consumer Sentiment fell slightly to 94.4 in early January, down from 95.9 in December, but remains at a relatively high level.
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Socialist Millennials Meet Their Match
As an economics and finance professor for 36 years, Donald Chambers writes how — and how not — his students’ values and beliefs depict the ideals that molded America in her early days.
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Blockchain Works Like Money in Yap
Blockchain is a technical innovation. But it is not an innovation in how we aspire to live. There is a big difference. The blockchain allows people to achieve something we have always wanted to do but haven’t been able to do until now. The stone money on the island of Yap is an example.
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Uncle Sam Trembles at a Chinese Whisper
With a mere whisper about reconsidering their investments in US Treasury bonds, Beijing rattled Wall Street and — if ever so briefly — raised our interest rates.
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Empire State Manufacturing-Sector Expectations Remain Strong
The Empire State Manufacturing Survey results tilt to the favorable side but raise enough concerns to warrant close monitoring of data related to the New York regional economy and the manufacturing sector nationwide.
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Bitcoin Should Be Welcomed as More Robust Than Fiat, Says Fed-backed Research
My theory: the paper is written for bankers and policy makers of an older generation who have heretofore ignored or dismissed crypto-based innovations. They might know something about money and banking. But they know next to nothing about computer science, digital resources, and cryptography. As a result, the paper speaks in the plainest-possible English about…
