Daily Economy

Thursday, May 24th, 2018

The post offices of the world are like the last of the dinosaurs roaming the earth long after evolution selected against their existence.

Wednesday, May 23rd, 2018

The presence of a congestion-priced option will improve infrastructure region-wide. Making the tolled option easier to use will make for a better driving experience, even for those who don’t choose it.

Tuesday, May 22nd, 2018

It’s not at all surprising that with the highly politicized environment of the US, with ever more controls, more people are looking for new ways to live a peaceful life. It only takes one visit to a paradise like St. Kitts to get the mind turning toward dreams of a new start, a life of peace and quiet. I completely get it. I was only in St. Kitts for three days and now I understand completely.

Monday, May 21st, 2018

Blockchain technology could be as big as they say. The particular assets and governance models behind them are subject to the market test, both in terms of the price and their ultimate viability.

Monday, May 21st, 2018

NFL star J.J. Watt is a model for how society can care for itself, privately and voluntarily.

Monday, May 21st, 2018

If we had a genuine free market in food – and the market is doing its best with the Amazon acquisition of Whole Foods – we would also likely see a greater alignment between what is affordable and what is actually good food for human consumption. It would be nice at least to be able to test this, starting with an end to the farm program.

Monday, May 21st, 2018

California wants every home to come with a solar panel. In an unprecedented move, it is now the first US state to require solar panels on the majority of houses built after January 2020.

Sunday, May 20th, 2018

Two golden summers at the American Institute for Economic Research gently reshaped my philosophical outlook and personal life forever—much for the better. My 1981 and 1982 summer fellowships helped instill a deep appreciation for the intensely personal nature of economic markets, and they steered me toward a long and happy marriage.  

Wednesday, May 16th, 2018

A little-known fact about New York state is that it has virtually no for-profit community hospitals. Thanks to laws in place since the mid-1960s, the Empire State effectively bans hospital ownership by corporations and discourages private investment.

Wednesday, May 16th, 2018

As it turns out, many people have needs that cannot be appreciated or discerned in advance by intellectuals. Many times, they cannot even understand them. This has been obvious since the late 19th century, when the socialist critique of the capitalist market underwent a huge shift. The Marxists had predicted that capitalism would impoverish the working class while enriching the class of capital owners. When that turned out to be obviously false, the critique shifted: now the system was being attacked for providing too much in the way of frivolous luxury goods to the middle class.

Tuesday, May 15th, 2018

Retail sales rose 0.3 percent in April following a 0.8 percent increase in March. The April gain suggests that second-quarter GDP growth is off to a solid start.

Tuesday, May 15th, 2018

The company ZTE (Zhongxing Telecommunications Equipment) in Shanghai had employed as many 75,000, and does business in 160 nations, while relying heavily on importing American component parts and manufacturing cellphones and other digital equipment. The US Commerce Department came down hard on the company for dealings with North Korea and Iran. It fined the company $1.2 billion and banned American exports to the company for fully seven years. It was all part of the “get tough” policy that Trump has been promoting his entire career.

Tuesday, May 15th, 2018

The fact that about half of altcoins failed or came close to doing so over five years is a promising sign for that market, rather than an indictment of anything not named Bitcoin.

Tuesday, May 15th, 2018

Despite capitalism's track record of producing wealthier and enviromentally-conscious societies, decision makers across the globe keep insisting on anti-market and Malthusian-like measures as the best solutions to combat climate change.

Monday, May 14th, 2018

Markets require that people play nice. Give these same people a forum in which to argue politics and they become barbaric. Why is that?

Monday, May 14th, 2018

Since its inception in the 1970s, hip-hop has used music to highlight issues such as the war on drugs, police brutality, poverty, and the treatment of minorities in the United States.

Friday, May 11th, 2018

The rise of the city scooter as part of the app economy is a fantastic example of how markets generate solutions in the face of intractable problems. The more people tool around on these wonderful scooters, the lighter the traffic, the cleaner the city, and the happier people are. Note that no central planner came up with the idea. It has emerged out of discreet forms of market-based innovation using the best of modern technology combined with a perceived solution of a genuine use case.

Thursday, May 10th, 2018

Argentina still runs a large public deficit, and the Macri administration continues to finance this deficit partly with the same mechanisms as Kirchner did. The chickens, however, have come home to roost, and this predatory policy is coming to an end.

Thursday, May 10th, 2018

It is a rare film for dealing directly with a topic that Americans talk about often but think about hardly any at all: class distinctions and the barriers they create to social and economic mobility.

Thursday, May 10th, 2018

"Anything that our eyes could see, that our noses could smell, that our mouthes could taste, and that our ears could hear had to fit the [communist] ideological framework. Quite literally, the state expropriated my body."

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