News
Steakhouse to Supermarket, High Beef Prices Aren't Going Away
3+ hour, 41+ min ago (807+ words) Beef has jumped 65 percent since 2020, turning a staple into a splurge. From drought-stricken ranches to fast-food menu shifts, beef prices are reshaping how Americans eat. Fluctuations in food prices are so commonplace that the entire category is excluded from the…...
Supply Shocks Plus Inflation Bind the Fed's Hands | The Daily Economy
22+ hour, 16+ min ago (28+ words) Energy-driven inflation and slowing growth have put the Fed in a difficult position. A look at monetary policy rules shows why holding rates steady may be t. .....
Congress Keeps Choosing Inflation
1+ day, 3+ hour ago (964+ words) By constantly spending and generating new debt, Congress effectively forces prices to rise and purchasing power to fall, year after year. President Donald Trump is discovering what Joe Biden learned the hard way: voters don't easily forgive price increases. Despite…...
'The Wealth of Nations' and 250 Years of Economists Missing the Point
2+ day, 4+ hour ago (962+ words) From trade policy to public debt, today's economic debates echo those of 1776. The problem isn't a lack of knowledge " it's a failure to teach and apply enduring principles. Focusing economists' training primarily on market failure is like training physicists only…...
Can Every Job Pay a Living Wage?
2+ day, 3+ hour ago (706+ words) A job's wage is not a measure of dignity " it's a reflection of economic value. Confusing the two leads to policies that undermine opportunity. For nearly a century, economists struggled with the famous diamond-water paradox. Water, while so essential for…...
From Shakespeare to Smith: Why Credit Exists in Every Western Society
6+ day, 4+ hour ago (524+ words) Credit is not an artificial construct imposed by financiers or states. It arises because modern commercial life cannot function without it. Yet those kings, priests, and populist politicians keep advancing similar objections: that credit is simply greed, or exploitation. Virtually…...
Fallacies Forthcoming: Why Mazzucato's Latest Is Already Outdated
1+ week, 1+ day ago (275+ words) Before it even hits shelves, Mariana Mazzucato's newest book recycles ideas that economists have already dismantled. Economics is a peculiar science. On the one hand, it is the queen of the social sciences and offers a powerful logic for understanding…...
AIER Names Samuel Gregg as President | The Daily Economy
1+ week, 6+ day ago (250+ words) The appointment underscores AIER's commitment to advancing classical liberal principles in a difficult policy climate. The Board of Trustees of the "American Institute for Economic Research"(AIER), one of the oldest and most respected nonpartisan economic research and educational organizations…...
AI Abundance Won't End Inflation, Nor Make Money Meaningless | The Daily Economy
1+ week, 5+ day ago (137+ words) Elon Musk claims AI-driven growth could fund UBI transfers without inflation. But relative prices " not just totals " still drive economic allocation. Peter C. Earle, Ph. D, is the Director of Economics and Economic Freedom and a Senior Research Fellow who joined…...
Progressive Taxes May Discourage the Most Productive Work | The Daily Economy
2+ week, 4+ hour ago (334+ words) A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs. Could income taxes ever encourage someone to switch from a higher-paying to a lower-paying job? Perhaps surprisingly, the answer is yes. I have…...