Economy
China retail sales, industrial output, fixed asset investment in May
China's retail sector experienced a significant boost in May, with retail sales growing at the fastest rate since late 2023. The surge in sales was attributed to government subsidies aimed…
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Lasted Economy
The Wrong Road to Freedom
Stiglitz’s argument that economic concentration in the late 19th century necessitated government intervention to prevent monopolies is therefore flawed. The…
Capitalism, Corruption, and the Ugly Pig
Ruchir Sharma’s book, "What Went Wrong with Capitalism?" delves deep into the issues plaguing the capitalist system and challenges the…
Crypto relationship scams pose ‘catastrophic harm,’ SEC says. How to avoid them
Cryptocurrency scams are on the rise, with fraudsters targeting investors through social media, dating apps, and networking sites. These scams…
Can We Morally Assess Business?
Businesses are often portrayed in a negative light, with accusations of greed, selfishness, and immorality being common in the media…
Beware of Economic Misconceptions – Econlib
Economist Herbert Stein, reflecting on his time in the Nixon Administration, highlighted two key lessons he had learned. Firstly, economists…
Stocks Fall as Traders Dial Back Fed-Cut Wagers: Markets Wrap
Stocks took a hit as traders adjusted their expectations for Federal Reserve rate cuts, causing Treasury 10-year yields to climb…
Reclaiming Tribalism (with Michael Morris)
The South Korean soccer team was not doing well, and the country was desperate for a win on the world…
Banks and tech companies at odds over online fraud liability in UK
The battle over who should be financially responsible for compensating victims of online fraud in the U.K. is heating up,…