[Published in Le Quebecois Libre, September 15th, 2011, No 252] After writing last month about the ills of government, I received some welcome feedback from a reader. Although open to the argument that the state is more failure-prone than the
Archive for February, 2012
Bernanke Proves Critics Wrong? Don’t Make Me Laugh
With relatively tame inflation and a recovering, almost bullish, economy, Caroline Salas Gage of Bloomberg has come out heaping praise upon money printer extraordinaire Ben Bernanke today: The numbers are proving Federal Reserve Chairman Ben S. Bernanke’s critics wrong. More
Are Libertarians “Anarchists”?
[This article was written in the mid-1950s under the byline "Aubrey Herbert," a pseudonym Rothbard used in the periodical Faith and Freedom. It was never published. Originally posted on Mises.org] The libertarian who is happily engaged expounding his political philosophy
San Fran Fed Finds Problem with Econometric Multipliers
Despite the obvious bias which engulfs the incestual working relationship between the Federal Reserve System, the U.S. financial sector, and the U.S. government, occasionally some grains of truth trickle out from these Ministries of Truth. In a new report by
The Keynesian Fallacy
Unfortunately, this theory is still dominant in 99% of the economics departments. This is what we learn when we enrolled to get a degree in economics. Deficits don’t matter; government spending will win the day, etc. It is taught that
Scratching By: How Government Creates Poverty as We Know It
[Originally published in The Freeman, December 2007, Volume 57, Issue 10] The experience of oppressed people is that the living of one’s life is confined and shaped by forces and barriers which are not accidental or occasional and hence avoidable, but are
Joe Stiglitz Thinks the ECB Is Beholden to Special Interests…
Though I find it excruciatingly hard to agree with Nobel Laureate Joseph Stilgitz on anything, I can’t say he is wrong on his latest hunch. In his Project Syndicate column today, Mr. Whither Socialism suspects that perhaps the European Central
Walking the fine line
Please, click here to read this article in pdf format:Â February 6 2012 When we last wrote two weeks ago, we took the time to lay out an analytical framework that would act as our guide. We invest following the approach
Sweet Sorrow
It all started four days ago, when Nature published an article [gated] written by a group of researchers from the University of California, San Francisco, calling for the regulation of added sweeteners, “controlling them like alcohol.” The media pounced like a lion
There’s No Such Things as a Stable State
Twenty years ago, and much to the shock of just about everyone, the mighty Soviet Union, the very embodiment of Hegel’s view of the state as the divine on Earth, dissolved and disappeared. The malicious foe of the U.S., the
Marc Faber Mentions Canada Housing Bubble
In another interview filled with dire predictions of money printing and inept central banking, the always great Marc Faber makes a passing mention of housing bubble in Canada- click on the provided link and see around the 4:00 mark. Marc
Banksters, Busts and History – The Facts Driving the Financial Crises
Here is an excellent historical breakdown by Stefan Molyneux on how we have ended up with the spectacularly volatile markets and outsized profits that the “banksters” receive in the present day. Hint: it has NOTHING to do with the “free market”. Redmond
Candian Savers Aren’t the Only Ones With a Sinking Feeling…
With three straight years of anorexic interest rates, it looks like The Globe and Mail finally realized the winners and losers of central banking: It’s the saver’s dilemma. Life for these Canadians has become an uncomfortable squeeze between weak returns
The Importance of Individual Methodology as a Tool for Argument
I got into a verbal discussion/debate with a coworker today. As anyone who follows the Austrian school or the doctrine of natural rights may know, a casual discussion on the efficiencies of a market can be unpleasant when speaking with
Education grants not loans!
Ever heard that one before? Sounds great, doesn’t it? In this, my first blog, I will argue how both grants and loans are to the detriment of the aspiring student – and most importantly, to the poor and the lower
Worship of the Mob
[Originally posted on mises.org, January 30th, 2012] Several months ago, I was visiting some friends in Sydney and was invited to the house of a friend-of-a-friend for some late night drinks and a chat. My host and his friends were left-wing
Mises Circle + SFL Meet
You don’t want to sleep in for this! This month the Mises Circle in Ottawa will be meeting with Carleton University’s Students for Liberty. Come on down to Havana Cafe. There will be good food, great conversation, and, of course,
Bill Gross Semi-Endorses Ron Paul for President?
When Bill Gross speaks, many people listen. He doesn’t head the largest bond investment company in the world, PIMCO (Pacific Investment Management Company), for nothing. Though not an Austrian or Austrian minded by any means, Gross has been critical of
Central Banking 101
Since the crisis hit in 2008, we have all heard the term “printing money”. But what does that mean? Certainly, the central banks and the government do not want you to understand how it works. At best, they are misleading:
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