Written by Steven Hansen
The data this month showed relatively strong income growth - spending grew but grew slower.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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by Liberty Street Economics
-- this post authored by Rod Garratt and Rosa Hayes
In a previous post, we discussed bitcoin miners' incentives to undertake a 51 percent attack given the current condition of the bitcoin market. We also speculated that high profits and free entry would cause more miners to enter the market, driving marginal mining profits to zero in the long run. Since then, the price of a bitcoin has declined over 40 percent and both the hash rate and the difficulty level of the bitcoin mining problem, which adjusts automatically to changes in the hash rate, appear to have leveled off. Our most recent calculations suggest the long run may have arrived.
Infographic Of The Day: Arts And Its Economic Contribution
Most do not consider the economic contribution of arts and cultural production.
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28Aug2015 Pre-Market Commentary: Stock Future Indexes Sliding Off Yesterday's Closing Numbers, Oil Off Highs, Friday's Markets Set To End Roller Coaster Week With A Whimper
by Per Bylund
Appeared originally at mises.org 22 August 2015
Economics is dead, and economists killed it.
What we have seen over the course of the last eighty years is a systematic dismantling of the contribution of economics to our understanding of the social world.
Written by Gary
U.S. stock futures index down fractionally, oil off yesterday's highs, but steady after violent swings in financial markets over the last 10 days. Investors are experiencing nervousness after several past weekend surprises and may sit this one out as today's session is set to end with a whimper.
27Aug2015 Market Update: DOW Pushing Up At 377 Points And Expected To Go Higher, WTI Oil Still Risin
Rail Week Ending 22 August 2015: Some Improvement But Continued Deterioration Of Year-over-Year Rolling Averages
Econintersect: Week 33 of 2015 shows same week total rail traffic (from same week one year ago) marginally expanded according to the Association of American Railroads (AAR) traffic data. Intermodal traffic expanded year-over-year, which accounts for approximately half of movements. but weekly railcar counts continued in contraction.