Archive for November, 2011

Fed, BoC, and Other Central Banks Ready To Save Europe

Wednesday, November 30th, 2011 by posted in Capitalism, Economics, Uncategorized.

It was only a matter of time: (Reuters) – The world’s major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone’s debt crisis drove EU ministers to

4 comments

Vietnamese Bank Offers Gold Time Deposits

Wednesday, November 30th, 2011 by posted in Capitalism, Economics.
Gold_deposits

I just got this from an ex-pat living in Vietnam – the Asia Commercial Bank in Vietnam is offering Time Deposits denominated in Physical Gold. If it can be done in “Communist” Vietnam, why not here!? You can visit the

3 comments

Post 2008 Financial Sector – More Risk Not Less

Wednesday, November 30th, 2011 by posted in Capitalism, Economics, Politics, Regulation.
Merkel Sarkozy

Saying that Europe is a major credit risk is an understatement. It is so hard to keep up with what is going on over there: one day we have a bailout agreement for Greece, the next day the Greek PM

No comments yet

Flaherty Eliminating Tariffs

Tuesday, November 29th, 2011 by posted in Capitalism, Politics, Uncategorized.

From Reuters (ht Mark Perry): Canadian Finance Minister Jim Flaherty said on Sunday the government would eliminate tariffs on dozens more products used by Canadian manufacturers, aiming to lower their costs and encourage more hiring.The initiative would scrap custom duties

3 comments

The Ever-Changing Means of Mr Doubter…

Tuesday, November 29th, 2011 by posted in Economics, History, Regulation.
The kid who pointed out the Emperor's lack of attire! - Click to play and enlarge.

[Originally posted at Gresham’s Law] Mr Doubter, otherwise known as the child who pointed out the Emperor’s lack of clothes, has always played a key role in monetary affairs. However, the tools with which he has done his doubting have

No comments yet

New Bloomberg Info On Fed Bailouts

Monday, November 28th, 2011 by posted in Capitalism, Economics, Politics.

Last August, Bloomberg news released some uncovered details from its hard fought “Right to Know” request it launched against the Federal Reserve and its actions during the heat of the financial crisis.  Though lauded with praise by numerous media outlets,

No comments yet

Why Mises (and not Hayek)?

Monday, November 28th, 2011 by posted in Economics, Philosophy.

In Response to the discussion raging I thought I would post this talk given by HHH in Vienna at the Mises Institute Supporters Summit. Redmond is the director of the Ludwig von Mises Institute of Canada.

No comments yet

Forget Stimulus, Deregulate

Monday, November 28th, 2011 by posted in Capitalism, Economics, Politics, Regulation.
Alexander the Great Deregulating the Gordian Knot

Canada managed to escape the initial financial crisis, between late 2007 and early 2009, in better condition than its major global financial partners.  It did so for a variety of reasons.  Canada’s economy is by and large “freer” than that of the

27 comments

Minarchists, What’s Their Excuse?

Sunday, November 27th, 2011 by posted in Philosophy.
Our Enemy

“… the State claims and exercises the monopoly of crime …. It forbids private murder, but itself organizes murder on a colossal scale. It punishes private theft, but itself lays unscrupulous hands on anything it wants, whether the property of

31 comments

NY Fed Admits It Was Wrong

Sunday, November 27th, 2011 by posted in Capitalism, Economics, Uncategorized.

It often takes a great deal of courage to admit when you are just plain wrong.  It takes an even greater amount of chutzpah to admit that you are wrong after your mistake caused years of misery for millions and

1 comment

Jim Rogers On China and U.S.

Saturday, November 26th, 2011 by posted in Uncategorized.

Jim Rogers is out with a new podcast interview with China Money Podcast which can be listened to here. Important points include: China’s property bubble is different from the U.S. as it is more of a pricing problem rather than

1 comment

Paper bugs, or, Stupid Arguments Against Gold

Friday, November 25th, 2011 by posted in Capitalism, Economics, History, Politics, Regulation, Trade.
gold_foil

Originally posted @ http://www.freebanking.org/ Persons familiar with my writings on monetary reform know that, far from being anyone’s idea of a gold bug, and despite my conviction that those monies work best that governments govern least, I’ve always shied away from

4 comments

You Say Toll Roads, I Say Privatize

Thursday, November 24th, 2011 by posted in Capitalism, Socialism.

Tasha Kheiriddin is out with a new piece in the National Post which endorses the switch from public highways to toll roads in Canada.  She cites a recent poll to rationalize this call: Ask not for whom the road tolls:

8 comments

The Green Superstate – what the global warmers really want

Thursday, November 24th, 2011 by posted in Capitalism, Civil Liberties, Economics, Environment, History, Socialism.
EcoSocialists

Who poses the greater threat to freedom?   Colonel Gaddafi?  The Taliban?  Or let’s look closer to home, at a sinister group with far, far greater influence on the future of Western civilization. The Green zealots, with their bicycles and wispy

3 comments

All That is Green is Not Gold

Thursday, November 24th, 2011 by posted in Capitalism, Economics, Environment.
spain-wind-turbines

With voters punishing the Liberal Party in early October, it may be time to rethink some of the policies in dispute. Chief among these is the green-energy policy, which apparently was responsible for the defeat of at least seven Liberal incumbents.

1 comment

Murray Rothbard & Occupy Toronto

Wednesday, November 23rd, 2011 by posted in Civil Liberties.

So the Occupiers are being kicked out. There’s a debate about whether they should be allowed to stay. Critics are saying “you’ve made your point, now go home” while Occupiers like Nick Williams are saying “This document [Charter of Rights

3 comments

Daily Show gains some credibility…

Tuesday, November 22nd, 2011 by posted in Capitalism, Economics, Education.

[youtube_sc url=http://www.youtube.com/watch?v=H6qkv4TMTLo] Maybe Jon has been reading up on some Ron. Redmond is the director of the Ludwig von Mises Institute of Canada.

No comments yet

Caroline Baum Wrong On Tax Breaks- Sort Of

Tuesday, November 22nd, 2011 by posted in Uncategorized.

Let me first say that when it comes to financial commentators, Caroline Baum is easily near the top of my list.  Not only does she succinctly outline the workings of interventionist monetary policy and the disastrous consequences it wreaks on

No comments yet

Climategate 2.0

Tuesday, November 22nd, 2011 by posted in Capitalism, Economics, Environment.

It looks like the global push to centrally plan the global economy has hit another roadblock. From www.wattsupwiththat.com Early this morning, history repeated itself. FOIA.org has produced an enormous zip file of 5,000 additional emails similar to those released two

No comments yet

Collectivized Care: Keystone of the Statist Society

Tuesday, November 22nd, 2011 by posted in Capitalism, Health Care.
ObamacareHereitComes

The Canada Health Act, the crown jewel of the CCF, and Liberal Party is the most characteristic attribute that comes to mind with any discussion of Canada. Some writers even say that the State-run healthcare has become part of Canadian

1 comment