Archive for May, 2011

Do Businesses Have a Special Interest in Capitalism?

Tuesday, May 31st, 2011 by posted in Capitalism, Economics, History, Politics, Regulation.

The word capitalism was coined by none other than Karl Marx, who hoped that it would help in his crusade to denigrate the system of private property and free enterprise and to promote socialism.   Marx insinuated that the only

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The Man Who Inherited 40 Billion Pesos

Wednesday, May 25th, 2011 by posted in Economics, History.

If there ever was a hall of fame of countries that resort to money printing as a regular instrument of public finance, Argentina would definitely merit induction. Reading Vito Tanzi’s insightful and engaging book, Argentina: An Economic Chronicle, I came

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The separation principle and the US dollar

Monday, May 16th, 2011 by posted in Economics.

Please, click here to read this article in pdf format: may-16-2011 A week later, the sell off in commodities has continued, due to the global deleveraging that is taking place. It has been so serious that the media everywhere is

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Austrian Economics meet in Toronto

Friday, May 13th, 2011 by posted in Economics, Education.

Hello fellow Austro-Canadians, I would like to remind everyone about the 1st Monthly Austrian Econ Meetup in Toronto, It will be held next Thursday May 19th at 7pm at Paupers Pub, 539 Bloor Street West, on the 2nd floor. All


The Case for the Gold Standard

Tuesday, May 10th, 2011 by posted in Capitalism, Economics, Education, History.

by David Stockman This talk was delivered at the New York Historical Society on May 8, 2011. And originally Published at It took 200 years to build and perfect the classic gold standard system; then it was destroyed in

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Rothbard Was a Red

Tuesday, May 10th, 2011 by posted in Capitalism, Education.

  Why you need not choose sides among your favorite libertarians How quickly can libertarianism jump the shark? Try this experiment: Initiate a debate about intellectual property among a collection of well-read libertarians, then count how many seconds (not minutes)


A View from the Trenches, May 9th, 2011: “It starts with deleveraging, it ends with hyperinflation”

Monday, May 9th, 2011 by posted in Economics.

Please, click here to read this article in pdf format: may-9-2011 About two months ago, at the Austrian Scholars Conference of the Ludwig Von Mises Institute, a few asked us what it was like to live under hyperinflation, when they

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Poor Relief in Ancient Rome

Thursday, May 5th, 2011 by posted in Economics, History, Socialism.

Instances of government relief to the poor can be found from the earliest times. Though the records are vague in important particu­lars, we do know a good deal about what happened in ancient Rome. A study of that case may

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Travelling, State Free

Tuesday, May 3rd, 2011 by posted in Lifestyle, Regulation. is a free online social network for backpackers and travellers. It brings together travellers who are looking for a cheap, usually free, place to stay, with apartment and house owners willing to host them. In order to first become

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Prices, Price Ceilings, and Subsidies

Tuesday, May 3rd, 2011 by posted in Economics, Education, Politics.

There’s an old saying that if you lay all the economists in the world in a straight line, you still wouldn’t reach a conclusion. That is very true on many matters economic, but there are a few instances where universal


Marx’s View of the Division of Laborx

Monday, May 2nd, 2011 by posted in Capitalism, Economics, History, Socialism.
soviet propagandaposter_labour

The division of labor is a sub­ject which has fascinated social scientists for millennia. Before the advent of modern times, phi­losophers and theologians con­cerned themselves with the im­plications of the idea. Plato saw as the ultimate form of society a


We understand you, Ben

Monday, May 2nd, 2011 by posted in Economics.

Please, click here to read this article in pdf format: may-2-2011   Today we could discuss the most important developments that have unfolded since we last wrote on April 18th. We could discuss the rationale of Greece’s debt restructuring, the


On Voting

Sunday, May 1st, 2011 by posted in Politics.

According to Elections Canada, turnout at the advance polls last weekend was up 34.5% from 2008. We shall see if this record high will translate into higher voter participation in tomorrow’s election. If it does, it would run counter to

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