Archive for December, 2011

Are Austrians Hypocrites for Wanting a Gold Standard?

Saturday, December 31st, 2011 by posted in Capitalism.

An anonymous blogger thinks they found a contradiction: I noticed a contradiction: the Austrian School advocates against price fixing and economic planning, and the Austrian School advocates a gold standard, which can be seen as a way of fixing the

3 comments

Sound familiar?

Friday, December 30th, 2011 by posted in Civil Liberties, History, Politics, Socialism.

From John T. Flynn The test of fascism is not one’s rage against the Italian and German war lords. The test is how many of the essential principles of fascism do you accept and to what extent are you prepared

No comments yet

Entrepreneurship and a Few Secrets

Friday, December 30th, 2011 by posted in Capitalism.

When discussing the process of the market, Austrian economists often emphasize the importance of entrepreneurship and why it aids in the allocation of scarce resources.  In Man, Economy, and State, Murray Rothbard wrote this in regard to entrepreneurs: The essence

No comments yet

The Dangers of Monetary Reform

Friday, December 30th, 2011 by posted in Capitalism, Economics, Regulation.
Bracelets for Ms Liberty

Austrians have long called for a reform of the monetary system. The current, Fed-driven, fiat-money system is on the verge of collapse. But however bad the current system is, a new system won’t necessarily be better. Many libertarians would favor

7 comments

Desktop Manufacturing, the Next Industrial Revolution?

Thursday, December 29th, 2011 by posted in Uncategorized.

Watch this fascinating video. 3D Printers have already been created and there exist online communities devoted to expanding and growing the technology. The decentralized nature of it all seems like it might not be something the state could easily get its hands

2 comments

Austrian Economics and Other Heterodoxical Schools

Thursday, December 29th, 2011 by posted in Economics.

The Economist is out with a new piece highlighting a few schools of economic thought that are putting pressure on what has been considered the conventional view among the profession over the past few decades.  Entitled, “Heterodox Economics: Marginal Revolutionaries,’

No comments yet

The Myth of Single-Tier Medicine in Canada

Thursday, December 29th, 2011 by posted in Capitalism, Economics, Health Care, Regulation, Socialism.
Medecine

[Originally Published September 16th, 2011, on www.williamgairdner.com] Politicians know there is a vast pool of latent citizen-envy lurking in the bosom of every nation, and that it is easily aroused with bogus equality–talk. Just so, an unreflective Canadian public has swallowed

2 comments

Defending Kim Kardashian

Wednesday, December 28th, 2011 by posted in Capitalism, Economics.

Yup, you read that title correctly. Unlike the majority of us who live relatively boring lives, Ms. Kardashian has made a career out of selling the public an up close and personal view of her own private affairs.  This recently

No comments yet

The “Sustainable Development” Scam

Wednesday, December 28th, 2011 by posted in Capitalism, Economics, Environment, History.

While perusing back issues of “The Free Market” I happened upon this little gem – we are of course approaching the 20th anniversary of the Rio Summit that launched the real push for the management of the global economy through

No comments yet

Regulating Towards Depression

Wednesday, December 28th, 2011 by posted in Capitalism, Economics, Regulation.
red-tape

[The Cobden Centre, 22 November 2011] [Engineering the Financial Crisis • by Jeffrey Friedman and Wladimir Kraus •  University of Pennsylvania Press, 2011] There has been a good deal of books attempting to find and explain the causes of the

No comments yet

US Bank closings from 2008 – 2012

Wednesday, December 28th, 2011 by posted in Banking, Capitalism, Economics, History, Politics, Regulation, Socialism.

As we enter 2012, a presidential election year in the USA, I thought it might be pertinent to note the number of banks that have closed in the USA since 2008. It is a total of 414 banks listed below.

No comments yet

Jim Rogers and Marc Faber 2012 Predictions

Tuesday, December 27th, 2011 by posted in Capitalism, Economics.

Often the only two Austrian-minded investors with a clue, both Rogers and Faber see the same things coming in 2012: more government spending, more debt accumulation, another economic downturn, and, of course, more money printing. [youtube_sc url=http://www.youtube.com/watch?v=rj8iisalRq8] Examiner.com: Australia Financial

No comments yet

Chomsky’s Augustinian Anarchism

Tuesday, December 27th, 2011 by posted in Philosophy, Politics, Regulation.
Chomsky

Noam Chomsky is perhaps the United States’ best-known anarchist. There’s a certain irony to this, however; for just as St. Augustine once prayed, “Grant me chastity and continence, but not yet,” Chomsky’s aim is in effect anarchy, but not yet.

No comments yet

CDIC – there for you :-)

Monday, December 26th, 2011 by posted in Banking, Capitalism, Economics, Education, History.

I was doing some online banking and happened to notice that my deposits were insured by the CDIC – I clicked through and came upon this information – quite interesting that Canada only enacted deposit insurance in 1967, just before

1 comment

Alasdair Macleod on the future price of gold

Monday, December 26th, 2011 by posted in Capitalism, Economics, Education, History, Politics.

Alasdair Macleod blogging at The Cobden Centre and GoldMoney.com has two great pieces on the coming Hyperbolic price of Gold. Are we entering the endgame of global fiat currency? Gold price set for hyperbolic increase By Alasdair Macleod, on 26

No comments yet

Fed Protecting U.S. From Europe?

Monday, December 26th, 2011 by posted in Economics.

At least that is what economist Tyler Cowen argues in his recent New York Times column.  Due to the unprecedented increase in excess reserves held by banks, Cowen claims that the Federal Reserve has provided a nice cushion for threat

No comments yet

Did Repealing Glass-Steagal Really Matter?

Monday, December 26th, 2011 by posted in Capitalism, Economics, History, Politics, Regulation.
Banking Act 1933

More than three years have passed since the financial crisis hit the United States like a speeding semi-trailer hits a Mini Cooper. Economic growth remains depressed while the unemployment rate stays elevated above 8% despite massive government spending and monetary

1 comment

Jury Refuses to Hear Marijuana Possession Case

Sunday, December 25th, 2011 by posted in Civil Liberties, Law, War on Drugs.

A small piece of something beautiful.   [youtube_sc url=http://www.youtube.com/watch?v=_JLvzHo3fbk] Mark enjoys studying history, libertarianism, and spending time outdoors. He would love to be able to travel and spend time with good people. He welcomes all comments, criticisms, and questions.

No comments yet

Ebenezer Scrooge the Philanthropist

Saturday, December 24th, 2011 by posted in Capitalism.

Much to the joy of wealth redistribution types, it turns out that the real life individual who inspired Charles Dickens’ famous character Ebenezer Scrooge was actually related to renowned free market economist Adam Smith.  From The Scotsman (ht Alex Tabarrok):

No comments yet

Interest Rates in a Gold Coin Standard

Saturday, December 24th, 2011 by posted in Capitalism, Economics, Education, History.
goldcoin

Republished from lewrockwell.com Americans [and Canadians. ed.] are living in a world of central bank profligacy. This has been true ever since 1914, when the Federal Reserve System opened for business. But the most recent bank-created economic crisis, which began

2 comments