Daily Economy News
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Business Conditions Monthly August 2023
“As social scientists we remain alert for and open to cogent, economically-sound and well-reasoned hypotheses pertaining to the current state of the economy. Presently, though, our expectation of a US recession on or before August 2024 remains undeterred.” ~Peter C. Earle
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The Tyranny of (Alleged) Experts
Why do we believe that the right experts somehow charge forward and demonstrate their superior expertise? There is an alternative to politicians and experts deciding when to reopen the country. Decisions made in the market, by businesses and individuals are naturally cognitively diverse.
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Planning and the Pokemon Problem
People solve the Pokemon problem and show that they are potential trading partners who won’t take advantage of others by tending to their reputations.
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Cruise Ships Respond to Dorian, Hauling Doctors and Supplies to the Bahamas
When nothing is open and people need access to important goods, private companies, charities, and neighbors step up — not government agencies.
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Tariffs Accelerate Trucking and Shipping Slide
It is increasingly evident that the determined embrace of 18th-century trade philosophies is taking a mounting toll on American consumers and businesses
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Could Kim Kardashian West Help Silk Road’s Ross Ulbricht?
If West could, if just for a moment, take a look at his case, would she consider helping?
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The Pseudoscience of Leadership
Leadership is a pseudoscience for constructing narratives. America does not ‘need a leader’.
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What Precisely Is Wrong With Economic Inequality?
The presumption that wealth inequality necessarily leads to social upheaval is specious, unproven, and manipulative.
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Americans Aren’t Paying Their Credit Card Debt. What Could Go Wrong?
While those who put their hands on this money first, such as Wall Street junkies, do make a profit, everyone else loses in the long run as the government’s policy of expanding the money supply and artificially inflating the prices of resources, as a result, devalues the currency.
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Study Shows That Immigrants Help Indiana Grow
As with other matters, decentralization could be key in making things better — not only because it would benefit immigrants who want to move here to work, but also because Americans would reap the benefits of a prosperous economy.
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Small Business Earns Big Bucks by Selling Through Amazon
Amazon is often portrayed as the big, bad corporation that helped kill brick-and-mortar stores nationwide. However, a recent report shows the online retailer has actually helped small businesses flourish, boosting their sales across state lines.
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Most Millennials Say They’ll Be Millionaires Someday. Is Their Optimism Misplaced?
Millennials are drowning in debt — failing to pay off their student and auto loans. Despite this reality, if you ask millennials today whether they’ll ever be rich, they will tell you that yes, their futures are bright. But is their optimism warranted?
