Economy

The latest inflation report reveals that inflation is slowing, but it remains at a 40-year high.  The stock market rose, as softer-than-expected inflation rate gave investors hope the Federal Reserve…

Reprinted from the Future of Freedom Foundation Like the long line of school children who mindlessly marched into Pink Floyd’s meat grinder in The Wall, an estimated one million investors recently…

The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 49.0 percent in November, the first reading below neutral and lowest level since May 2020. The survey suggests the…

One of my favorite teaching lessons in economics is the division of labor. It’s one of those ideas that reminds me of my late father’s dual roles, that of both…

In 2016, I described what Congress could have done with the then-astronomical $1.5 billion Powerball winnings. With the recent $2.04 billion Powerball prize, it’s time for an update. What could…

Initial claims for regular state unemployment insurance fell by 16,000 for the week ending November 26th, coming in at 225,000. The previous week’s 241,000 was revised up from the initial…

Reprinted from the Independent Institute The US is still in a state of emergency for Covid-19 and monkeypox. However, the country has another longstanding and quickly worsening public health concern—mental…

The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy decreased to 10.334 million in October,…

Real gross domestic product rose at a revised 2.9 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in the second quarter and a -1.6…

The late, great Julian Simon spent decades battling intellectually against biologists and zoologists who were convinced that human population growth, if governments did not hold it in check with draconian…