Archive for November, 2011

Le triomphe de Karl Marx

Tuesday, November 22nd, 2011 by posted in Uncategorized.
Obama we Trust

Avec la chute du Mur de Berlin en 1989 et la chute du Bloc soviétique qui s’en est suivi, il semblait que le capitalisme et les libertés individuelles avaient triomphé. Eh bien! force est de constater que le spectre de

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Soros Calls for More ECB Intervention

Monday, November 21st, 2011 by posted in Uncategorized.

Color me a shade of unsurprised blue.  Financial heavy weight and big government buddy George Soros is out with another plan to save the EU.  Rather than rely on the forced but subtle nationalization of undercapitalized banks by euro governments,

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The Retirement Myth

Monday, November 21st, 2011 by posted in Capitalism, Lifestyle, Politics.
Retirement Plan

“The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. They have created paper reserves in the form of government bonds which-through a complex

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People will take matters into their own hands

Monday, November 21st, 2011 by posted in Uncategorized.

Please, click here to read this article in pdf format: november-21-2011     At this point, we would like to take the time to summarize a few ideas and to provide more clarity on where we have stood and continue

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Mises Meet up for December

Sunday, November 20th, 2011 by posted in Uncategorized.

The next Mises meet up will be on Sunday, December 11th, at 7:30pm at the Royal Oak on the Canal. The address is 221 Echo Drive. Ryan Long and I will be hosting. You are all welcome to attend. Mark enjoys

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Explain to CBC Listeners that They Promote Violence

Sunday, November 20th, 2011 by posted in Capitalism, Education, Philosophy, Socialism.

What I have to say here won’t be any great insight to the grizzled veterans of Austro-libertarianism, but I’m hopeful that others may stumble their way upon this website. Indeed, someone doing a Google search on CBC might even stumble

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Another Sign of Canada’s Housing Bubble

Sunday, November 20th, 2011 by posted in Uncategorized.

Admittedly, I am not overly familiar with Canada’s housing bubble situation though I have seen a number of reports on it in past months.  From the The Globe and Mail: Doug Kass, president of Seabreeze Partners Management, he mentioned that


Jonathan Weil On the Insolvency of FRB

Saturday, November 19th, 2011 by posted in Uncategorized.

Remember when Murray Rothbard wrote this classic from The Case Against the Fed? For the very essence of fractional-reserve banking is that the bank is inherently insolvent… In outlining what he calls the “joke” balance sheets of European banks and

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The Income Gap Obsession

Saturday, November 19th, 2011 by posted in Capitalism, Philosophy.

Originally Posted on The word “equality” is being rammed down our throats every day, with special focus on the so-called “income gap.” The presumption is that we should all denounce the gap, work to eliminate it and embrace perfect equality

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The Wheat Board: Farewell to a Wartime Relic

Friday, November 18th, 2011 by posted in Capitalism, Economics, Law, Politics, Regulation, Socialism, Trade.

[Originally Published on Le Québécois Libre, November 15, 2011, No 294.] “War Is the Health of the State.” The title of American radical Randolph Bourne’s manuscript referred to the expansion of government power during World War I, but it applies


Chairman of AIG Defends Wall Street Bailout

Thursday, November 17th, 2011 by posted in Uncategorized.

Stop me if you have heard this one before-“Wall Street needed bailed out or else the world economy would have gone over a cliff.”  That’s it, end of story.  The possibility that anything but grey skies and storm clouds waited

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Honest Graft – George Washington Plunkitt

Thursday, November 17th, 2011 by posted in Civil Liberties, Economics, History, Politics.

I thought a good follow up to James Miller’s post on  60 Minutes and Congressional Insider Trading would be this speech by George Washington Plunkitt of Tammany Hall Fame. Refreshing to see this kind honesty – we could use more of

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Taylorism, Progressivism, and Rule by Experts

Thursday, November 17th, 2011 by posted in Capitalism, Economics, History, Law, Politics, Regulation.
Vickers and Sons

[Originally published in the Freeman, September 2011, Volume 61, Issue 7] The Progressive movement at the turn of the twentieth century—the doctrine from which the main current of modern liberalism developed—is sometimes erroneously viewed as an “anti-business” philosophy. It was

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The Ethics of Central Banking

Wednesday, November 16th, 2011 by posted in Economics, Education, History, Philosophy, Politics.

Here is a link to my presentation on the Ethics of Central Banking that I did on October 22.  This was part of the Austrian Monetary Conference held at the University of Toronto and hosted by the Ludwig von Mises

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Gold Confiscation in Tough Times

Wednesday, November 16th, 2011 by posted in Uncategorized.

In the land of central banking where large financial institutions buddy up with government bureaucrats for their fill of private profits and socialized losses, here is just another outcome of an unsustainable fractional reserve banking system: [youtube_sc url=] Since Gerald

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Eugenics: Progressivism’s Ultimate Social Engineering

Wednesday, November 16th, 2011 by and posted in Capitalism, Economics, History, Regulation.

[Originally published in the Freeman, October 2011, Volume 61, Issue 8] According to the received account of the Progressive Era, an enlightened government swept in and regulated markets for goods, labor, and capital, thereby protecting the hapless masses from the

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60 Minutes and Congressional Insider Trading

Tuesday, November 15th, 2011 by posted in Uncategorized.

60 Minutes came out with a great report Sunday night that highlights specific acts resembling “insider trading” by members of the U.S. Congress. Be sure to check out Nancy Pelosi’s spectacular failure at attempting to shrug off the accusations around


Papal Economics

Tuesday, November 15th, 2011 by posted in Capitalism, Economics, Politics.

My latest op-ed piece for the Financial Post section of the National Post is in today’s newspaper. It’s  a critique of a recent paper released by the Pontifical Council for Justice and Peace calling for a world central bank. Interestingly


The Progressive Era and the Family

Wilson Says

While the “Progressive Era” used to be narrowly designated as the period 1900–1914, historians now realize that the period is really much broader, stretching from the latter decades of the nineteenth century into the early 1920s. The broader period marks an

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The Federal Reserve A Populist Movement? Puhhhlease

Monday, November 14th, 2011 by posted in Capitalism, Economics, History, Politics.

Gregory D. L. Morris, a member of the editorial board of the Museum of American Finance, recently came out with a piece in Bloomberg entitled “How a Populist Outage Gave Birth to the Federal Reserve: Echoes” which goes over the